Simple Energy launches new Gen 2 vehicle variants

According to the company, Simple Ultra will offer an IDC range of 400 kilometre, making it one of the longest range electric scooters available in Indian markets today.

“We are looking at the customer which is more of a value driven customer. So we have increased the specifications in terms of range, in terms of performance, in terms of usability, utility side, a little bit on the design side as well. So that the customer gets more of an enhanced value. And that also helps us cater to a larger audience in terms of value proposition that we’re talking about in terms of range,” Shreshth Mishra, Co-founder at Simple Energy, told YourStory.

The company is also rolling out lifetime warranty on its motor and battery across its vehicle portfolio which now consists of four scooter models.

Simple Energy, which was one of the first original equipment manufacturers to roll out its heavy rare-earth free motors amidst the supply crunch, is accounting for recent spike in prices of raw materials and will make decisions to de-risk its supply chain strategy, Mishra told YourStory.

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“We are also working on multiple more technologies in terms of not just on the motor side, but battery, BMS and all of their aspects as well to de-risk our supply chain, to optimise cost and at the same time, enhance the value for the customers in terms of product that we want to build.”

The company also expects these new models to help contribute to rising sales in 2026. Simple Energy sold around 6,038 units of its electric vehicles in 2025. Mishra expects this to increase “significantly” amidst the rolling out of these models.

Rising sales in FY26 is also expected to help with the company’s top-line numbers. Mishra noted that the company’s revenue has increased year-on-year and is expected to achieve EBITDA positivity before the end of FY26 and full net profitability ahead of its initial public offering, which it expects to prepare for between Q2 and Q3 2027.

The company also added that it is targeting around 150 dealerships and 200 service centres by March 2026.