Simple Electric Scooter

Monday, 29 July 2024 08:41 AM Simple Energy has raised $20 million in primary equity funding, bringing the total funding to about $40 million. The funds will be used to expand production from 300 scooters a month to 5,000 scooters a month. The company aims to sell 15,000 scooters by the end of FY25 and reach a revenue of Rs 150 crore. I think this funding will be a significant boost to their production and market presence.

Wednesday, 27 December 2023 12:07 PM The price of the Simple Dot One electric scooter is set to be hiked by Rs 40,000 from January 2024. Initially priced at Rs 99,999 for those with existing Simple One bookings, this increase reflects market adjustments. I think this price hike might affect its competitiveness in the budget segment.

Friday, 15 December 2023 07:55 AM Simple Energy has launched its most affordable electric scooter, the Simple Dot One, in India at an introductory price of Rs 99,000 (ex-showroom). This scooter is positioned below the flagship Simple One and is expected to attract more budget-conscious buyers. I believe this move will help Simple Energy tap into a broader market segment.

Saturday, 10 June 2023 12:53 AM Simple Energy has commenced deliveries of its Simple One electric scooter, with the company targeting to deliver around 100 units in June. Despite delays, the scooter has garnered significant interest, with over 30,000 pre-bookings. The Simple One promises a range of 212 kilometres on a full charge. I believe the long-range capability will be a major selling point in the Indian market.