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Understanding the Impact on Customer: Analysing the Subsidy Reduction under FAME-II

Understanding the Impact on Customer: Analysing the Subsidy Reduction under FAME-II
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Suhas Rajkumar: Simple Energy To Raise $100mn In Next Phase, Auto News, ET Auto

Suhas Rajkumar: Simple Energy has already totted up pre-orders of one lakh scooters which is an order book worth 1,500 crore. “We will complete delivering these by the end of the fiscal,” said Rajkumar. Simple, he added, is also investing in scaling up its retail and service network as well as ramping up marketing and getting the supply chain in place. “We want to scale up in the next three quarters,” he said.

Simple Energy plans to roll out 2 new affordable e-scooters in next quarter

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.

simple energy: Simple Energy plans to roll out 2 new affordable e-scooters in next quarter

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.

Simple Energy plans to roll out 2 e-scooters in next quarter

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.

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