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Simple Energy and IDFC FIRST Bank Join Hands to Offer Easy EV Financing

By Editorial Team Last updated Jul 9, 2026

STORY SYNOPSIS

Simple Energy has partnered with IDFC FIRST Bank to provide easy EV financing solutions for customers purchasing its electric scooters across India. Available through Simple Energy’s authorized dealerships, the collaboration aims to simplify EV ownership, improve financing accessibility, and accelerate electric vehicle adoption nationwide.

Simple Energy announces a strategic collaboration with IDFC FIRST Bank to offer vehicle financing solutions for customers purchasing Simple Energy electric scooters across India. Effective immediately, eligible customers can avail loans through IDFC FIRST Bank across Simple Energy’s authorised dealership network nationwide, making the purchase process more convenient and accessible.

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Under the partnership, both organisations will work together to promote vehicle financing solutions tailored for customers purchasing Simple Energy scooters. The collaboration leverages IDFC FIRST Bank’s financing capabilities and Simple Energy’s growing retail presence to provide customers with a seamless financing experience at the point of purchase.

As electric two-wheeler adoption continues to grow across India, accessible financing remains an important enabler for customers evaluating the switch to electric vehicles (EVs). Through transparent and customer-centric loan offerings and streamlined approval processes, the partnership aims to reduce purchase barriers and make electric mobility more accessible to a wider audience.

“India’s transition to electric mobility will be driven not only by innovation, but also by accessibility. As we continue expanding our retail footprint across the country, it is equally important to make EV ownership more convenient for customers. This partnership with IDFC FIRST Bank will help simplify the purchase journey by enabling easier access to financing, allowing more riders to experience our long-range, high-performance electric scooters and accelerate the adoption of electric mobility.” — Shreshth Mishra, Co-founder, Simple Energy

Currently, Simple Energy operates 73 outlets across 39 cities including Bengaluru, Delhi, Patna, Bhopal, Agra, Goa, Vijayawada, Hyderabad, Visakhapatnam, Kochi, and Chennai, among others while continuing to ramp up its pan-India expansion. In the coming months, Simple Energy will expand to Ranchi, Bhubaneshwar and other centres.

The Simple OneS Gen 2 is priced from ₹ 1,59,999 (ex-showroom) and Simple One Gen 2 is priced from ₹ 1,94,999 (ex-showroom). The Simple Ultra is priced at ₹ 2,34,999 (ex-showroom). Customers can visit any of Simple’s authorized dealerships or showrooms for test rides, browse accessories, or book their scooter. Click here for online booking and Test rides.