Electric mobility startup Simple Energy is reportedly preparing to go public by the end of FY27, with a target to raise around ₹3,000 crore. The Bengaluru-based Electric two-wheeler manufacturer is expected to use the anticipated IPO proceeds to scale its retail footprint, ramp up production capabilities, and deepen its R&D efforts.
Currently operating 15 outlets and service centers, the company plans an aggressive expansion to reach 500 touchpoints across India within two years. As part of its scale-up, Simple Energy also aims to double its production capacity, presently at three lakh units annually. A second manufacturing facility is under consideration to meet this increased output.
Financial goals appear to be aligned with the IPO timeline. The startup is targeting ₹800 crore in revenue for FY26 and is aiming to reach EBITDA breakeven in the same period. Profitability before the IPO remains a key milestone for the company’s leadership.
The move toward public listing follows a strong year for the company. In mid-2024, it secured $20 million in Series A funding from prominent investors including the Haran family office and Apar Industries’ promoter group. It also began deliveries of its Simple One and Simple Dot One electric scooters and clocked ₹19 crore in revenue during Q3 FY25.
Simple Energy’s scooters have been positioned for high efficiency and long range, with most components manufactured in-house. The company is betting on this vertical integration and Tier-II/III market focus to drive its next phase of growth.
