The second facility will be spread over 600 acres, surpassing Ola Electric’s 500 acre factory.
Bangalore-based start-up Simple Energy has announced that it has signed a memorandum of understanding (MoU) with the Tamil Nadu government to set up what it claims will be the largest electric 2-wheeler factory in the world.
Simple Energy plans to invest Rs. 2,500 crore in Tamil Nadu. The first plant is being built at Shoolagiri. The factory will be spread over 2 lakh sq. ft. and will have an annual production capacity of 10 lakh units. Phase 1 will be operational by early 2022.
In the next phase, the company plans to make an initial investment of Rs. 1,000 crore to set up a second plant. It will house an R&D centre, testing facility and a vendor park.
The second facility will be spread over 600 acres, surpassing Ola Electric’s 500 acre factory. It is expected to come online by 2023.
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