Electric Scooter with Extensive Range Introduced by Simple Energy

Electric Scooter with Extensive Range Introduced by Simple Energy

In the bustling streets of India, a new player is making waves in the electric vehicle (EV) market. Simple Energy, a promising Indian EV manufacturer founded in 2019, aspires to be one of the top five EV brands in the country within the next five years.

At the helm of Simple Energy is Suhas Rajkumar, the Co-founder and CEO, who was inspired to shift his focus to the electric mobility sector due to concerns about his father's trust in electric vehicles for long trips. With a vision to create a dependable, long-range electric scooter made in India, Simple Energy was born.

The company's flagship product, the Simple One, is a testament to this vision. It boasts India’s longest-range electric scooter, offering up to 248 km range per charge. The smart scooter features a TFT touchscreen dashboard, fast charging, removable battery, real-time navigation, ride stats, and music control. Over 95% of the Simple One is made in-house, including the motor, which is relatively rare in the Indian EV market.

The journey to success hasn't been without its challenges. Investors started asking tougher questions, and securing the next round of funding became more challenging. Cash burn increased as resources were poured into the factory, talent, and compliance, but revenue lagged due to unavoidable delays. However, Suhas has worked to challenge common myths around EVs, aiming to change the perception that they can't travel far or lack power.

Scaling Simple Energy was challenging, especially during the shift to full production. If a product launch doesn't meet expectations or a technical issue like battery reliability pops up, it can quickly erode trust. But the team's faith in the product and unity helped tackle each issue.

As of mid-2025, Simple Energy is preparing for a major expansion with plans to raise ₹3,000 crore (approximately $350 million) through an Initial Public Offering (IPO) in FY27. The funds are intended to boost manufacturing capacity, enhance research and development, and scale nationwide operations. The company targets EBITDA profitability by FY26 and expects to become net profitable before the IPO.

In terms of sales and growth, Simple Energy aims to sell about 55,000 scooters in FY26 and achieve over 100,000 cumulative units before going public. It is targeting a 5% share of the Indian electric two-wheeler market by FY27. To support this growth, the company plans to expand its retail footprint dramatically, growing from 15 outlets to 500 touchpoints across 23 states in the next two years, strengthening service networks especially in urban and semi-urban areas.

With nearly 500 employees and around 4,500 EVs sold so far, Simple Energy is on a strong growth trajectory. Its ambitious plans for aggressive scaling via IPO-backed investments, product expansion, and retail network development are all aligned with its ambition to be a leading player in India's EV market within the next five years.

The opinions expressed by contributors to India are their own. Simple Energy is based in India and is an international franchise of Media. The result of this goal is the Simple One, a smart EV scooter with an impressive range, setting a new standard for electric mobility in India.

1. To achieve its goal of becoming one of the top five EV brands in India within the next five years, Simple Energy is planning to expand its retail footprint significantly, growing from 15 outlets to 500 touchpoints across 23 states in the next two years.
2. As of mid-2025, Simple Energy is preparing for a major expansion, aiming to raise ₹3,000 crore (approximately $350 million) through an Initial Public Offering (IPO) in FY27, which will be utilized for boosting manufacturing capacity, enhancing research and development, and scaling nationwide operations.
3. Suhas Rajkumar, the Co-founder and CEO of Simple Energy, was inspired to shift his focus to the electric mobility sector due to concerns about his father's trust in electric vehicles for long trips, and with a vision to create a dependable, long-range electric scooter made in India, Simple Energy was born.
4. Simple Energy's flagship product, the Simple One, offers India’s longest-range electric scooter with up to 248 km range per charge, featuring a TFT touchscreen dashboard, fast charging, removable battery, real-time navigation, ride stats, music control, and 95% of it is made in-house.
5. With nearly 500 employees and around 4,500 EVs sold so far, Simple Energy is on a strong growth trajectory and its ambitious plans for aggressive scaling via IPO-backed investments, product expansion, and retail network development are all aligned with its ambition to lead India's EV market within the next five years.

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