Simple Energy EV: This Bengaluru-based startup, Simple Energy, is now standing out as very unique in the market for a few of the unique features that they have built. One of the most important things to discuss is the motors that they developed that reduce the dependency on major elements while maintaining the performance of the electric scooters.

Simple Energy EV Unique Elements:  

Electric car motors usually use heavy rare-earth elements, which are mostly supplied from a few nations, because of their compact size and high torque density. These materials’ supply disruptions have forced producers to look for substitutes.

Simple Energy’s motor technology manages heat and torque distribution using proprietary algorithms and substitutes other compounds for hefty rare-earth magnets. The company has patents for the motor architecture and created this technology with its own in-house research and development team. The new motors perform on par with conventional heavy rare-earth-based systems, the company claims.

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Simple Energy Operation and Company Details:

In 2019, Suhas Rajkumar and Shreshth Mishra launched the business. Currently, Simple Energy manufactures electric scooters such as the Simple ONE, which has a 181-kilometer range, and the Simple ONE Gen 1.5, which has a 248-kilometer claimed range. The business has secured more than $41 million in capital from a range of sources, including private investors and family offices.

Simple Energy has 95% localization in its supply chain and manufacturing processes, and it runs 46 showrooms around Indian cities. By the conclusion of fiscal year 2025, the firm intends to open 200 service centers and 150 additional stores.

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