EV start-up Simple Energy, which is set to launch its electric scooter ‘Simple One’ on August 15, will be setting up its production plant at Hosur, Tamil Nadu.
As per the EV maker, the first phase will see the factory develop around 200,000 square feet and will have a production capacity of up to million units annually. Simple Energy says the plant will create 1,000 jobs.
The EV start-up says work has begun for setting up the factory and the aim is to start production from later this year. Simple Energy claims that it plans to invest over Rs 350 crore in the next two years to increase its footprint across-India.
The Simple One will be available in a phased manner starting with Bangalore, Chennai and Hyderabad followed by other cities in the coming months.
As per the product specs revealed, it will have a 4.8 kWh lithium-ion battery, a claimed range of 240km in eco mode, top speed of 100kph. While the exact pricing has not yet been announced, the e-scooter is expected to be in the range of Rs 110,000 to Rs 120,000.
Suhas Rajkumar, founder and CEO, 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 August 15.”