NEW DELHI: Bangalore-based Simple Energy on Tuesday announced that it will launch its first flagship electric scooter, the Simple One on August 15.
The electric two-wheeler manufacturer would be setting up its production plant at Hosur, Tamil Nadu.
While the factory set up has begun, the company aims at starting the production operations from later this year. Looking at the fast-paced EV industry’s growth, the company plans to invest over Rs 350 crores in the next two years to increase its footprint in PAN India.
The first phase of the factory is spread across 2 lakh square feet and will have a production capacity of up to 1 million units annually. The company will also be providing at least 1,000 jobs, to begin with, thus promoting the Make In India initiative.
Suhas Rajkumar, founder, and CEO of Simple Energy said, “This is a huge milestone for Simple Energy. Although we aim to lead electric mobility in the country, we will now be able to cater to a larger audience faster than ever. We look forward to the launch on 15th August to embark on this remarkable initiative.”
The electric two-wheeler manufacturer would be setting up its production plant at Hosur, Tamil Nadu.
While the factory set up has begun, the company aims at starting the production operations from later this year. Looking at the fast-paced EV industry’s growth, the company plans to invest over Rs 350 crores in the next two years to increase its footprint in PAN India.
The first phase of the factory is spread across 2 lakh square feet and will have a production capacity of up to 1 million units annually. The company will also be providing at least 1,000 jobs, to begin with, thus promoting the Make In India initiative.
Suhas Rajkumar, founder, and CEO of Simple Energy said, “This is a huge milestone for Simple Energy. Although we aim to lead electric mobility in the country, we will now be able to cater to a larger audience faster than ever. We look forward to the launch on 15th August to embark on this remarkable initiative.”