Page 4 - Simple One News Today

The manufacturer will instead focus on launching a more premium e-scooter in the next few years

Given the reduction in EV subsidies, it has become crucial for OEMs to introduce new cost-effective models in order to boost sales

Bangalore-based EV start-up, Simple Energy, recently launched its first electric scooter, the 

Soon after the launch of Simple One electric scooter, the brand has decided two launch two new offerings in the Indian market, which will sit below their maiden launch - One.

And both of them will be more affordable than the Simple One!

Indian EV startup, Simple Energy, plans to launch two affordable e-scooters positioned below their flagship model, the Simple ONE. Emphasizing safety and accessibility, the scooters will feature sleek designs, advanced battery systems, and efficient powertrains., Electric Vehicles News, Times Now

With the introduction of affordable e-scooters, the company is expecting to retain not only the existing investors but also onboard institutional players and family offices globally for its proposed USD 100-million fund-raise, Rajkumar told PTI.

The company last month launched its maiden premium e-scooter Simple ONE, at Rs 1.45 lakh and commenced deliveries in a phased manner with Bengaluru to begin with from 7th of this month.

The introduction of an affordable e-scooter is part of Simple Energy's plans to have a portfolio of three scooters, one performance bike, and possibly a four-wheeler in the next three years.

Having taken well over a year and a half to put its maiden electric scooter into production, the EV start-up only delivered a handful of scooters in Bengaluru on June 6.