IPO

Simple Energy eyes listing in second half of FY28

What they do

The founder said the company aims to go public in the second half of the 2027-28 financial year

Plans slipped a little because of current market conditions, he said, expecting supply chains to settle within a year

It also targets revenue above Rs 3,000 crore by FY30

Simple Energy plans an IPO (stock market listing) in the second half of FY28.
The plan was delayed by market conditions.
It joins Ola Electric (listed August 2024) and Ather Energy (April 2025) among listed EV two-wheeler makers.
Revenue goal: over Rs 3,000 crore by FY30.

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