Bangalore-based Simple Energy, the electric two-wheeler manufacturer, announced that it would be setting up its production plant at Hosur, Tamilnadu.
While the factory set up has begun, the company aims at starting the production operations from later this year. Looking at the fast-paced EV industry’s growth, the company plans to invest over Rs.350 crore in the next two years to increase its footprint in PAN India, the company said in a press release.
The first phase of the factory is spread across 2 Lakh sq ft and will have a production capacity of up to 1 million units annually.
The company claims that it aims to provide at least 1000 jobs. Suhas Rajkumar, Founder, and CEO of 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 15th August to embark on this remarkable initiative.”
Simple Energy will be launching its first flagship electric scooter, the Simple One on 15th August.