In Short : Simple Energy plans a ₹3,000 crore ($350 million) IPO in FY27 to expand manufacturing, boost R&D, and scale nationwide operations. The EV maker targets EBITDA profitability by FY26 and aims to sell over 1 lakh scooters before listing. With strong revenue growth, 95% local sourcing, and plans for 500 retail touchpoints, it eyes a 5% market share in electric two-wheelers.
In Detail : Simple Energy, a Bengaluru-based electric vehicle manufacturer, is planning to launch an initial public offering (IPO) in the second or third quarter of FY27, aiming to raise ₹3,000 crore ($350 million). The funds will support the expansion of its manufacturing facilities and accelerate research and development efforts.
The company is targeting EBITDA profitability by the end of FY26 and plans to become net profitable before the IPO. With this financial roadmap, Simple Energy is positioning itself for a strong public market debut.
It has reported nearly 500% year-on-year revenue growth and aims to achieve ₹800 crore in revenue for FY26. Over the next 18 months, it expects cumulative revenues to cross ₹1,500 crore.
Simple Energy is looking to sell around 55,000 scooters in FY26, with a goal of reaching over 1 lakh cumulative unit sales before listing. It is targeting a 5% share of India’s growing electric two-wheeler market by FY27.
The company is also expanding its retail presence, planning to grow from 15 outlets to 500 touchpoints across 23 states in the next two years. This is part of its strategy to strengthen service networks and reach across urban and semi-urban markets.
Focused on the “Make-in-India” initiative, Simple Energy sources about 95% of its scooter components domestically. With strong backing from notable investors and a production facility in Hosur, Tamil Nadu, it aims to double its manufacturing capacity post-IPO to meet rising demand.
