EV Startup Simple Energy In Talks To Raise $15 Mn In Series A Round entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.
It is fast, does not cough poison, and costs little to keep going. It is the electric car, autophiles, and there is one or more for every pocket and every road. Elon Musk, the futuristic billionaire spearheading the electric car revolution, would be bemused to learn that the Tata-owned automobile giant Jaguar is launching I-Pace, the company’s first electric car in India at double the price of a Tesla.
In 2020, four long-range EV models were launched in the country, with the Tata Nexon and the MG ZS EV marking the lower end of the price spectrum, the Hyundai Kona and the Mercedes-Benz EQC the middle and high-end, respectively. Currently, there are eight EVs available in India; the I-Pace that costs between Rs 1.05-1.12 crore, Mercedes-Benz EQC for Rs 1.04 crore, and the Hyundai Kona Electric priced between Rs 23.75-23.94 lakh.
February 16, 2021
In an attempt to save India’s shrinking economy, the Narendra Modi government has taken a leaf out of the playbook that several countries used to battle the 2008 global financial crisis. But for the trick to really work, the move must be localised to India instead of a blind copy-paste of the West.
In the union budget for 2021-22 (April-March), Indian finance minister Nirmala Sitharaman introduced a voluntary vehicle scrapping policy. Under this, cars older than 20 years and commercial vehicles older than 15 years will be phased out from the roads. These vehicles will need to undergo a test at automated centres to determine whether they are fit for driving or need to be scrapped, Sitharaman said in her budget speech (pdf) on Feb. 1, without further details.
Budget 2021: Lower GST, better infra, push for EV form part of Auto players wishlist adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Bengaluru-based EV start-up Simple Energy raises funds
January 11, 2021
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Simple Energy, the Bengaluru-based EV start-up has raised an undisclosed amount from angel investors Vel Kanniappan and four others who participated in this round of funding.
Simple Energy is also planning to raise $8-10 million in series A funding in the second quarter of this year. The launch of the scooter will be in May starting with Bengaluru, and Delhi, followed by Chennai, Mumbai, and Hyderabad, a press statement from the company said.
Thespecification for the Mark 2 scooter is 240 km range in eco mode with a top speed of 100 kmph, a mid-drive motor along with a removable battery and futuristic design. It comes with features like a touch screen onboard navigation, Bluetooth, etc.