12 Dec 2021
Electric two wheeler startup Simple Energy has signed a memorandum of understanding (MoU) with the Tamil Nadu government for an investment of upto Rs 2,500 crore for an electric two wheeler factory in Dharmapuri (Hosur) which, at peak capacity, will crank out more than 12 million units. In an exclusive chat with TOI, Suhas Rajkumar, founder-CEO, Simple Energy said the company will invest Rs 1,000 crore in phase 1 over the next 2 years constructing the plant which will have a capacity to produce 1 million two wheelers and employ 2,500 people directly and indirectly .Phase 1 will see construction of the first plant spread over 200,000 sq ft near Shoolagiri (Hosur). Phase 2 will see the building of the second plant spread over 600 acre. “In the second phase we will invest the rest over five years and hit our maxed out capacity of 12.5 million units,” he added. The company will crank out not just its flagship Simple One e-scooter launched in August 2021 whose deliveries will start early 2022 but has planned an entire electric range. The Hosur factory will make new products including a more affordable e-two wheeler, a B2B logistics two wheeler and even an electric motorcycle. In the second phase the employee count will go up to 10,000 or 12,000, added Rajkumar.
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