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Mar 2, 2021 · Bitten by the startup bug, Suhas Rajkumar started Bengaluru-based Simple Energy to come up with affordable, made in India EV scooter that will now compete with smart bikes. But his journey has been no mean feat.
- The Backstory
- Founding Team
- Market Size and Revenue Model
- Funding and Future Plans
Back in 2018, Suhas Rajkumar,the CEO and Founder of Simple Energy, was looking to buy a two-wheeler for his family. Even after doing thorough research, he was unable to find the right EV as there was nothing close to what he considered as a good value for money EV in the market. To begin with, he started reading about battery technology and chargin...
Suhas and Shreshth, along with a team of five other like-minded people, formed the core team. As an entrepreneur, Suhas had earlier founded a few startups in the areas of clothing, footwear, and watches. Before Simple Energy, he was working on a robotics startup. The rest of the core team comes with experience in EV domain, mechanical engineering, ...
The electric vehicle market is estimated to be a Rs 50,000 crore ($7.09 billion) opportunity in India by 2025, according to a report by Avendus Capital. The expected price of the Mark 2 e-scooter will be between Rs 1,10,000 to Rs 1,20,000. “We also have multi-dimensional revenue models as we develop a lot of components in-house, which gives us an e...
Initially, the company was bootstrapped with Rs 1.3 crore. Recently, Simple Energy has raised an undisclosed amount of pre-Series A funding from angel investors, including Vel Kanniappan, Thomas George, and four others. The company is also looking at penetrating Tier-II and III cities over the next two years after the launch, setting up the manufac...
Mar 19, 2022 · we spoke to Suhas Rajkumar, Founder & CEO, Simple Energy Pvt. Ltd. Mentioned below are the excerpts from the interaction. Simple Energy was in the news recently when it announced a motor upgrade that promises riders a higher range, thereby lowering the range anxiety.
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Nov 27, 2023 · Suhas Rajkumar, Founder and CEO, Simple Energy, spoke at length about the ongoing speculations with TOI Auto and revealed the company's future plans, both immediate and distant, which includes new product launches.
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- Executive Producer
- Rpg Productions
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