The Bengaluru-based electrical car (EV) startup has set an bold goal of clocking USD 96 million (Rs 800 crore) in income in FY26 with an intention to cross USD 180 million (Rs 1,500 crore) in cumulative income over the following 18 months.
Easy Vitality had clocked Rs 40 crore income in FY25, he stated.
“After spending seven years within the business, we’re taking a look at an IPO in FY27. The rationale we try to plan an IPO in FY27 is pushed by our progress in final yr,” Rajkumar stated.
Elaborating, he stated, “By Q2 or Q3 of FY27, we wish to elevate about USD 350 million — about Rs 3,000 crore odd — that’s our plan. We try to boost this cash for 2 particular issues. In fact, R&D is the core of our firm however aside from that, we have now plans of increasing from some 150 odd shops to roughly about 500 shops within the subsequent two years,”
Rajkumar additional stated, “We additionally wish to put money into our manufacturing capacities to satisfy the demand that we are going to be creating but. That is the place our focus lies.” At current, the corporate’s facility at Hosur in Tamil Nadu has an annual capability of three lakh items, he stated, including “We wish to double that capability post-listing”. As the present manufacturing facility can not accommodate the enlargement, the corporate must have a look at a brand new place, he stated, including “however whether or not we are going to proceed in the identical location or have a look at another place depends upon our enterprise workplace’s name, relying on how the commercials are figuring out for us as a enterprise “.
When it comes to gross sales, Rajkumar stated, “In FY25, we did about 4,000 odd scooters, and in FY26, we’re taking a look at about 55,000 scooters in gross sales.”
With a rising presence in key states akin to Karnataka, Maharashtra, Goa, Andhra Pradesh, Telangana, and Kerala, Easy Vitality stated it goals to attain cumulative gross sales of 1 lakh EVs earlier than the IPO.
