Simple Energy Unveils Ultra EV Scooter with Record 400 km Range, Expands Lineup

• Simple Energy launched the Simple Ultra, claiming India's longest IDC range of 400 km, powered by a 6.5 kWh battery.
• The Ultra boasts a top speed of 115 kmph and accelerates 0-40 kmph in 2.77 seconds, priced from ₹1.39 lakh.
• Gen 2 Simple One and Simple OneS also updated, featuring lighter design, increased storage, and lower seat height.
• CEO Suhas Rajkumar outlined plans for a ₹3,000 crore IPO by FY27/FY28, targeting EBITDA positivity by FY26.
• New scooters are available across 61+ showrooms and online, with plans for 150 dealerships by March 2026.

Why It Matters: Simple Energy sets new EV range benchmark with Ultra, expands portfolio, and eyes future IPO.