Simple Energy to invest ₹2,500 crore in setting up electric two-wheeler plant in Tamil Nadu.
- Post By karthikeyan E
- 9 months ago
Simple Energy to invest ₹2,500 crore in setting up electric two-wheeler plant in Tamil Nadu. Under Phase 1, the first plant of 2 lakh square feet is being constructed near Shoolagiri (Hosur) and will have a capacity of up to 1 million production units per year, and is slated to be operational by early 2022. This will put the company’s flagship scooter ‘Simple One’ into production and begin deliveries. As per the MoU, the company will make an initial investment of ₹1,000 crore to build its second plant (as part of Phase 2) in 600 acres of land and intends to open the second factory by 2023. Simple Energy’s flagship e-scooter Simple One launched in August 2021 has a range of 203 km in eco mode and 236 km in IDC in a single charge.