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<keyword id="6358070" type="General" weightage="20" keywordseo="mumbai" source="Orion">Mumbai</keyword>, EV startup <keyword id="5489470" type="General" weightage="100" keywordseo="simple-energy" source="Orion">Simple Energy</keyword> is looking to roll out two new <keyword id="440919" type="General" weightage="20" keywordseo="e-scooters" source="Orion">e-scooters</keyword> in the next quarter which would be attractively priced for the consumers, its founder Suhas <keyword id="6357789" type="General" weightage="80" keywordseo="rajkumar" source="Orion">Rajkumar</keyword> said. 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 the company's plans to have a portfolio of three scooters, one performance bike and possibly a four-wheeler in the next three years, Simple One founder and CEO said. "Rs one lakh to Rs 1.30 lakh is the affordable price point for a low-end scooter with minimal performance. This is what would matter to the customers. And we are working on those price points and looking to compete with those brands," Rajkumar said, adding that the e-scooters, will be launched in the next quarter. <keyword id="6360326" type="General" weightage="50" keywordseo="electric" source="Orion">Electric</keyword> two-wheeler sales in the last fiscal surged over two-and-half fold year-on-year to 8,46,976 units (based on data sourced from OEMs), EV manufactures body SMEV had said in April. Of this, the industry saw sales of 1.2 lakh low-speed e-scooters with top speed less than 25 km/hour, while the total sales of high-speed E2W (top speed more than 25km/hr) stood at 7,26,976 during the year. Rajkumar said Simple Energy has shelved plans to develop a vehicle for the last-mile delivery as almost 90 per cent of the market has already been covered by the earlier entrants. Simple Energy's focus will be to develop the B2C model more going forward, he said, adding that the company is working on the charging infra, which is expected to go live in August, Rajkumar said. On funding, he said "we have a great pipeline of existing and new investors in our USD 100-million fund-raise plan for production and expansion." Besides, the company is also tapping in family-offices globally for this round of funding, he said. Earlier in February this year, Simple Energy had raised USD 20 million in a bridge round from a clutch of investors to ramp up production. The company has a manufacturing facility in Shoolagiri in Tamil Nadu with an annual capacity of around 5-lakh units.

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

<keyword id="16392199" type="General" weightage="20" keywordseo="electric-vehicle-startup-simple-energy" source="Orion">Electric vehicle startup Simple Energy</keyword> on Tuesday announced raising USD 20 million (about ₹165 crore) from a clutch of investors as a part of its ongoing <keyword id="3336625" type="General" weightage="20" keywordseo="Bridge-round" source="Orion">Bridge round</keyword>. The funds will be utilised in a phased manner to ramp up production of the company's maiden e-scooter Simple ONE, which has not yet been delivered to a single customer even after 18 months of its launch. The company has been deferring deliveries of the vehicle since December 2021. "We have received a phenomenal pre-booking response, and to cater to the demand, we are raising funds in a timely manner. The funds raised will be strategically used to aid the production ramp-up and for a quicker delivery commencement," said Suhas Rajkumar, founder and CEO of <keyword id="5489470" type="General" weightage="20" keywordseo="simple-energy" source="Orion">Simple Energy</keyword>. The company claims that it has received over one-lakh bookings for the e-scooters. "We have successfully de-bottlenecked product constraints and are confident that we will soon start deliveries of Simple ONE," Rajkumar said. The company recently inaugurated its new facility in Shoolagiri, Tamil Nadu, with an initial ₹100 crore investment, Simple Energy said in the statement. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/ndrf-personnel-with-specially-equipped-trained-dog-squad-departs-for-earthquake-hit-turkey/articleshow/97674680.cms">NDRF personnel with specially equipped trained dog squad departs for earthquake-hit Turkey</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/last-mile-deliveries-food-aggregators-to-drive-electric-two-wheeler-growth-says-redseer/articleshow/97654131.cms">Last mile deliveries, food aggregators to drive E2W growth says Redseer</a>

Simple Energy raises USD 20 mn from investors

<keyword id="4393078" type="General" weightage="20" keywordseo="ola-electric" source="Orion">Ola Electric</keyword> has postponed the sale process of its electric scooter S1 by a week to September 15 as it faced "technical difficulties" in making the website for purchases live for customers on Wednesday. The company had last month launched the <keyword id="11908704" type="General" weightage="20" keywordseo="Ola-S1" source="Orion">Ola S1</keyword> electric scooter in two variants -- S1 and S1 Pro -- at Rs 99,999 and Rs 1,29,999, respectively (ex-showroom including FAME II subsidy and excluding state subsidies). It had announced that the scooter would be available for purchase from September 8 and the actual deliveries would start in October. In a late night statement on Twitter, <keyword id="6354720" type="General" weightage="20" keywordseo="ola" source="Orion">Ola</keyword> Chairman and Group CEO Bhavish Aggarwal said the purchase process has been delayed by a week and would commence from September 15. "We had committed to start purchases today for our Ola S1 scooter. But unfortunately we have had many technical difficulties in making our website for purchases live today. "I want to apologise to all of you, who had to wait for several hours. The website was just not up to our expectations on quality. I know we have disappointed you and I sincerely apologise to each of you for what was clearly a very frustrating experience," he stated. The company has built a completely digital purchase journey, including a fully digital loan process without any paperwork, Aggarwal informed customers. "We wanted to provide this first of its kind digital purchase journey and today we haven't been able to. Getting you the right experience will take us another week. I want to let you know that we will now be starting our purchase on 15th September, 8 AM. "Your reservation and your position in the purchase queue remains unchanged, so if you reserved first, you will still be able to buy it first. Our delivery dates also remain unchanged," he noted. Ola Electric had opened pre-launch bookings of its electric scooters in July for Rs 499 and had received 1 lakh orders in just 24 hours. However, the company has not disclosed how many orders it has received so far. On August 15, the company formally announced its foray into the green mobility space with the launch of its first electric scooter, Ola S1. The scooter comes in 10 colours with in-house developed 8.5 KW motor and 3.97 kWh battery packs. Ola is setting up a manufacturing plant, spread across 500 acres, in Tamil Nadu. The company had stated that it would initially start with 10 lakh annual production capacity and then scale it up to 20 lakh, in line with market demand, in the first phase. When fully completed, Ola Electric had claimed that its plant would have an annual capacity of one crore units, "that is 15 per cent of the world's entire total two-wheeler production". SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/heres-how-to-buy-ola-electric-scooter-s1-and-s1-pro/articleshow/86032630.cms">Ola e-scooters go on sale: Here’s how you can purchase it</a> <a href="https://www.businessinsider.in/business/auto/news/ola-s1-and-s1-pro-electric-scooter-to-go-on-sale-from-september-8-price-finance-options-delivery-date-and-more/articleshow/86005963.cms">Ola S1 and S1 Pro electric scooter to go on sale from September 8: Price, finance options, delivery date and more</a> <a href="https://www.businessinsider.in/business/auto/news/ola-s1-pro-vs-simple-one-new-electric-scooters-price-charging-time-top-speed-and-more/slidelist/85365174.cms">Ola S1 Pro vs Simple One electric scooters — Price, charging time, top speed and more</a>

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

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Simple Energy raises USD 20 mn from investors

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Ola S1 and S1 Pro electric scooter sale delayed by one week

PTI

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