Simple lines up Rs 165.5 crore in funds as Simple One electric scooter launch closes in

Simple lines up Rs 165.5 crore in funds as Simple One electric scooter launch closes in

Bengaluru-based EV start-up Simple Energy today announced it has raised around Rs 165.5 crore in the ongoing Bridge round. The company is planning to utilize these funds in a phased manner for the production of its Simple One electric scooter. The e-scooter has received over 1 lakh bookings from customers.
The Bridge round witnessed the participation of investors from across the country, including Dr. Arokiaswamy Velumani, Founder of Thyrocare Technologies Limited, Ashwin Hinduja of Gokaldas Group, Sanjay & Sandeep Wadhawa, Owner of Nash Industries, Sripriya Kalyanasundaram, Chief Strategy and Evangelist to CEO’s office, Lambda Test and Purple Moon Ventures along with existing investors like Manish Bharti & Vasavi Green Tech.
“We have received a phenomenal pre-booking response and to cater to the demand, we are raising funds in a timely manner. The funds raised will be strategically used to aid the production ramp-up and for a quicker delivery commencement. We have successfully de-bottlenecked product constraints and are confident that we will soon start deliveries of India’s finest and premium 2-Wheeler EV – the Simple ONE,” says Suhas Rajkumar, Founder & CEO, Simple Energy.

Simple One Electric Scooter First Ride Review #simple #simpleoneelectricscooter

Powering the Simple One electric scooter is a 4.8 kWh battery, offering a claimed range of 236 km. The e-scooter makes use of a PMS motor that churns out 11.3 bhp power and 72 Nm torque. The extended-range variant of the Simple One offers a range of up to 300 km per charge.
Simple is offering the One electric scooter at Rs 1.10 lakh, ex-showroom in the Indian market. Recently, the company inaugurated its new facility in Shoolagiri, Tamil Nadu with an initial investment of Rs 100 crore. Simple Energy aims to be at the forefront of the ongoing global transition to green mobility.

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