Easy Power Pvt. Ltd. plans to launch an preliminary public providing in monetary yr 2026-27, amid a quest for profitability that’s to this point eluded its a lot bigger friends within the EV house.
The Bengaluru-based electrical scooter maker plans to lift as a lot as Rs 3,000 crore to energy its growth plans—when it comes to manufacturing and gross sales, in response to an organization assertion on Wednesday.
The corporate claims 95% localisation already.
“Ninety-five % of our automobile elements are manufactured in India, true to the ‘Make in India’ mission,” stated Suhas Rajkumar, founder and chief government at Easy Power. “Our mission goes past metros—we’re dedicated to empowering Tier II and Tier III cities, making electrical mobility accessible. Therefore, the IPO marks a pivotal chapter on this journey, driving our ambition of a cleaner, greener India.”
Based in 2019, Easy Power makes premium electrical scooters Easy ONE and Easy OneS. It’s backed by a clutch of household workplaces and angel buyers who’ve pumped in $41 million until date.
The corporate goals to attain cumulative gross sales of 1 lakh models for a market share of 5% from 0.3% at current in FY27. To that finish, the corporate is increasing its variety of shops to 250 throughout India from 15 in Karnataka, Goa, Maharashtra, Andhra Pradesh, Telangana and Kerala.
That type of progress is not going to come at the price of profitability.
Easy Power goals to attain EBITDA breakeven earlier than FY26 ends and web profitability earlier than the IPO. That’s one thing its bigger and listed friends Ola Electrical Mobility Ltd. and Ather Power Ltd. haven’t been capable of pull off.
