EV startup Simple Energy to launch flagship e-scooter on Aug 15

PTI, May 16, 2021, 10:30 AM IST

Mumbai: Bengaluru-based electric vehicle startup Simple Energy on Saturday announced it will launch its first flagship e-scooter, code-named Mark 2, on August 15 this year.

Simple Energy was earlier looking to roll out its maiden vehicle model by mid-this year.

The e-scooter will make its debut in Bengaluru in the first phase, which will be followed by Chennai and Hyderabad, Simple Energy said in a release.

The company plans to eventually expand its presence to other cities as well, later on, it said.

Besides setting up its manufacturing facility in Bengaluru, the metro city also houses its R&D unit.

Suhas Rajkumar, Founder and CEO, Simple Energy, said, “We are thrilled to be announcing the launch date. August 15 is a significant milestone for the nation, Simple Energy aims at creating history with a world-class product made by an Indian company.”

He said the launch has been scheduled for mid-August as it expects the situation arising out of the ongoing second wave of the pandemic at present would get better.

While the prototype version Mark 1 was ready last year, the startup has now developed the production variant which is based on the prototype, Simple Energy said.

The flagship e-scooter, which will have a 4.8 kWh lithium-ion battery with a claimed range of 240 kilometres in eco mode and a top speed of 100 kmph, is set to be rolled out mid this year with pre-bookings beginning from the launch day itself, followed by the deliveries soon, it said.

The e-scooter will be priced at Rs 1.10 lakh-Rs 1.20 lakh, the company said.

The EV startup is looking to raise Series A funding of USD 15 million (Rs 112 crore) in the third quarter of this year and has released the vehicle testing images, the company said, adding it is also looking to deploy charging stations in Bengaluru prior to the launch.