In Short : Simple Energy plans a 19-fold expansion of its retail network by 2029, aiming to strengthen its footprint in India’s EV market. The company also targets an IPO in FY27 to raise capital for growth. With these moves, Simple Energy seeks to scale operations, boost sales, and solidify its position in the rapidly […]
Simple Energy Develops Rare Earth-Free Motors, Targets Strong Comeback in India’s EV Market – EQ
In Short : Simple Energy is set to make a comeback in the EV market by pioneering rare earth-free motors, reducing reliance on expensive imported materials. The innovation aims to cut costs, enhance sustainability, and strengthen India’s domestic EV ecosystem. With this step, the company seeks to revive its position in the competitive market while […]
Simple Energy Gears Up for ₹3,000 Crore IPO to Power EV Expansion by FY27 – EQ
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 […]
Simple Energy launches its first electric scooter, the Simple ONE the Super EV with a record-breaking 212 kilometres of range – EQ Mag
Company to focus on deliveries of pre-booked orders in a phased manner Will expand retail operations to 40-50 cities through a network of 160-180 retail stores BANGALORE : Simple Energy, India’s leading electric vehicle and clean energy start-up, today officially launched its maiden electric 2-wheeler- the Simple ONE at an attractive starting price of INR […]
Exclusive: Simple Energy to launch electric car by 2025. Electric motorcycle under development – EQ Mag
Based on the interaction conducted by Arpit Mahendra. Bengaluru-based and homegrown EV maker, Simple Energy, launched its much-awaited electric scooter called the Simple ONE. The EV maker is seemingly off to a great start with an order book of over 1 lakh units which the company expects to retain despite its recent price increase. The […]
EV startup Simple Energy raises $20 mn from investors in Bridge round – EQ Mag
Electric vehicle startup Simple Energy on Tuesday announced raising $20 million (about Rs 165 crore) from a clutch of investors as a part of its ongoing Bridge round The funds will be utilised in a phased manner to ramp up production of the company’s maiden e-scooter Simple ONE, which has not yet been delivered to […]
Simple Energy to begin test rides of ‘236-km range’ electric scooter – EQ Mag Pro
EV starup Simple Energy today announced the test ride schedule for its flagship electric scooter, Simple One. The test rides will be conducted in 13 cities across India. According to the schedule provided by the company, the first phase of test rides will begin on the 20th of July in Bengaluru, followed by Chennai, Hyderabad, […]
Simple Energy defers deliveries of e-scooter amid rising fire incidents in EVs – EQ Mag Pro
In recent times, there have been multiple incidents of Electric Vehicles (EVs) catching fire and resulting in deaths as well as severe injuries to people. EV maker Simple Energy has deferred the deliveries of its maiden electric scooter ‘Simple One’ to September, citing possible policy changes by the government in the wake of the recent […]
Simple Energy invests $150 mn on lithium-ion cell factory – EQ Mag Pro
Chennai: Electric vehicle startup Simple Energy, which is setting up its EV factory at Hosur (Tamil Nadu), will invest $150 million (around Rs 1136.5 crore) on a lithium ion cell manufacturing unit. The company has tied up with US-based battery company C4V for technology and knowhow. The factory will come up over a 600 acre […]
Simple Energy, C4V’s new Indian Li-ion battery ecosystem to aid global leadership plans – EQ Mag Pro
Bengaluru-based electrical two-wheeler producer Simple Energy has signed an MoU with lithium-ion battery know-how firm C4V to arrange a Lithium-ion cell manufacturing ecosystem right here in India. The partnership is probably a strategic transfer in Simple Energy’s plans to turn out to be the biggest two-wheeler producer on the earth. The EV maker is at […]