Simple Energy is all set to launch an IPO in Q2–Q3 of FY27, with a target to raise Rs 3,000 crore. 

The company expects to use the proceeds from the IPO to scale its production and establish a larger manufacturing facility to meet pan-India demand.

Suhas Rajkumar, Founder & CEO, Simple Energy, said, “Clean energy is the cornerstone of India’s sustainable future, and at Simple Energy, we are driven by a vision of India leading that transformation. As a homegrown clean-tech start-up, we take pride in being part of this movement, with 95 per cent of our vehicle components manufactured in India, true to the Make-in-India mission.”

“With the electric two-wheeler market growing at 20 per cent year-on-year in FY25, Simple Energy is scaling rapidly to align with this momentum, aiming to cross 1 lakh cumulative scooter sales by FY’27. Our mission goes beyond metros —we’re committed to empowering Tier 2 and Tier 3 cities making electric mobility accessible. Hence, the IPO marks a pivotal chapter in this journey, driving our ambition of a cleaner, greener India,” Rajkumar said.

Founded in 2019, Simple Energy is an EV and clean tech start-up focused on developing and manufacturing sustainable mobility solutions. The brand’s portfolio includes two electric scooters — the Simple One and the Simple OneS.

The company aims to achieve cumulative sales of 1 lakh EVs before its IPO, while expanding its dealership network from 15 to 250 outlets across 23 additional States.