IPO · Mobility & Logistics

Simple Energy plans ₹3,000 crore IPO

What they do

Simple Energy makes electric scooters like Simple One and Simple Ultra

It plans an IPO of ₹3,000 crore ($350 million) in Q2–Q3 of FY27

The company aims to grow market share from 0.3% to 5% by FY27

Simple Energy plans an IPO of ₹3,000 crore ($350 million) in Q2–Q3 of FY27.
IPO proceeds will fund a larger manufacturing facility and retail expansion.
The company targets cumulative scooter sales of 1 lakh by FY27.
It plans to expand its dealership network from 15 to 250 outlets across 23 additional states.
Simple Energy aims for revenue of ₹800 crore ($96 million) in FY26.
It expects EBITDA positivity before FY26 ends and net profitability ahead of the IPO.
The company has raised $41 million from angel investors and family offices to date.

The electric two-wheeler market is growing ~20% YoY in FY25.
The Indian government aims for 30% EV sales by 2030.
Simple Energy's current market share is 0.3%, and it targets 5% by FY27.

Simple Energy manufactures electric two-wheelers: Simple One, Simple OneS, Simple Ultra, and Simple Wave.
It has 95% vehicle components manufactured in India.
The company operates in Karnataka, Maharashtra, Goa, Andhra Pradesh, Telangana, and Kerala.
It offers roadside assistance 24x7, extended warranty, Simple SuperPack subscription, and the Simple Connect app.
Simple One starts at ₹2,04,999 with a range of 265 km and top speed of 115 km/h.
Simple OneS starts at ₹1,77,999 with a range of 190 km and top speed of 90 km/h.
Simple Ultra starts at ₹2,44,999 with a range of 400 km and top speed of 115 km/h.

Product: based EV maker
Customers: Individual consumers seeking affordable electric two-wheelers
How it makes money: Direct sales of electric scooters through online and physical retail outlets
What sets it apart: Mass production scale and customer-focused design for Indian market