Simple Energy to set up Rs 2,500-cr electric vehicle facility in Tamil Nadu

The EV maker's first manufacturing unit with a capacity to produce one million units a year

Electric two-wheeler maker Simple Energy on Wednesday said it will invest up to ~2,500 crore over the next five years to set up an electric vehicle manufacturing facility in Tamil Nadu. The proposed facility, spread across 600 acres, will be the company's second such production unit and is expected to be functional by 2023, the Bengaluru-based company said in a release.

“Tamil Nadu gave us the confidence in creating the EV ecosystem, which can be sustainable in achieving our long-term goals. With the MoU, we commit to leading the Indian E2W market in India by setting up a resourceful ecosystem that