Simple Energy (vehicle company)
| Company type | Private |
|---|---|
| Founded | 2019 |
| Founder | Suhas Rajkumar |
| Headquarters | Bangalore |
Area served | India |
| Products |
|
| Website | simpleenergy |
Simple Energy is an electric vehicle (EV) start-up based in Bangalore, India, founded by Suhas Rajkumar in 2019. It is headquartered in Bangalore, India.[1][2][3][4]
History
[edit]The company was born out of Rajkumar’s frustration with the lack of good scooters for his family, leading him to create a high-performance, modern alternative. Simple Energy unveiled its first electric scooter in 2019, followed by the launch of its flagship model, the Simple One, in May 2023. The scooter was initially revealed as a prototype on August 15, 2023, showcasing the company's innovative design and technology.[1][5][3][2]
The company raised significant funding, including a round in July 2024, to further fuel its expansion and innovation in the EV space. With a focus on sustainable mobility and cutting-edge technology, Simple Energy is poised for continued growth in the Indian EV market and has a vision to expand the automobile industry.[6][7] To scale production, Simple Energy inaugurated a new manufacturing facility in Shoolagiri, Tamil Nadu, in January 2023, with an investment of ₹100 crore. This state-of-the-art facility will support the growing demand for its electric scooters.[8]
References
[edit]- ^ a b Auto, HT (5 May 2023). "Simple Energy starts rolling out Simple One electric scooters ahead of launch". HT Auto.
- ^ a b "Inside Simple Energy's strategy to conquer the premium electric 2-wheeler market". Business Today. 10 June 2023.
- ^ a b "Simple Energy projects Rs 1,600 crore revenue for FY24: CEO Suhas Rajkumar - CNBC TV18". CNBCTV18. 21 July 2023.
- ^ "Simple Energy raises $20 million in Series A to scale up production and expand national footprint - CNBC TV18". CNBCTV18. 29 July 2024.
- ^ Mint, Live. "Simple Energy to bring two new affordable e-scooters in next quarter: Details".
- ^ "Simple Energy - Company Profile - Tracxn". tracxn.com. 30 October 2024.
- ^ Upadhyay, Harsh. "EV scooter maker Simple Energy raises $20 Mn in bridge round". entrackr.com.
- ^ Banerjee, Avishek. "No plan to go for sub-Rs 1 lakh electric scooters, says Simple Energy founder & CEO".