To usher in a new world of the electric mobility revolution,Simple Energy recently has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to construct the largest electric two-wheeler manufacturing plant in Dharmapuri (around 100km away from Hosur) for an investment of rupees 2500 crores.
Simple Energy has proposed to ramp up its annual production capacity to up to one lakh units from its two lakh square feet of manufacturing facility constructed near Shoolagiri (Hosur). According to their phase 2 plans, they will invest 1000 crores of rupees to build their second state-of-the-art manufacturing plant in 600 acres of land, operational from 2023. This second plant will have the capacity to roll out 12.5 million vehicles annually, and it will be situated in Dharmapuri. It will have an advanced R&D center and a world-class testing facility.
Simple Energy had made headlines when they launched their flagship electric scooter with the highest ever riding range of around 236 km. Its claimed figure remains to be tested under the ideal condition. The deliveries of Simple Energy One scooters are yet to be commenced, and it is expected to start from early 2022.
Suhas Rajkumar, Founder and CEO of Simple Energy, said, “Tamil Nadu gave us the confidence in creating the EV ecosystem which can be sustainable in achieving our long-term goals. With the MoU, we commit to leading the Indian E2W market in India by setting up a resourceful ecosystem that will help the country’s vision to lower carbon footprints at a faster pace. Simple Energy will thus redefine electric mobility in India.” This bold statement by Mr Suhas Rajkumar envisions the electrification future of mobility in India.
The demand for electric vehicles is growing at a rapid phase, and Simple Energy’s latest decision is a welcome move for the greener future. The focus on localization for spare parts and batteries will further enhance the brand’s penetration in the Indian market.