Mahindra Lifespaces Announces Industry-First Group Health Insurance For Homebuyers

Mahindra Lifespaces today announced a first-of-its-kind group health insurance plan for real estate consumers in India.  Under the offering, which will initially be available to homebuyers in Mahindra Lifespaces’ newly launched value housing project in MMR (Mumbai Metropolitan Region) Mahindra Happinest Kalyan 2, buyers will be provided a health insurance cover of between Rs 3 lakh and Rs 5 lakh. This novel “Group Care 360” policy is underwritten by Care Health Insurance. This scheme will ensure access to quality healthcare services for all homeowners in the project.

The scheme will cover hospitalization expenses, 30 and 60 days of pre-and post-hospitalization expenses respectively, day-care treatments, and ambulance charges. Other benefits of this policy include unlimited e-consultation with a general physician and 10 specialists for up to 6 family members, and app-enabled claim intimation and tracking. 

Arvind Subramanian, Managing Director and CEO, Mahindra Lifespaces, said, “The central role that the home and living conditions play in the health and well-being of the families residing in them has not been given its due.  The Covid-19 pandemic has surfaced the important contribution of well-planned homes on public health.  Mahindra Happinest Kalyan 2 has embraced climate responsive design to ensure adequate light and ventilation in all homes, and incorporated unique amenities for physical, mental and social wellbeing of the residents.  Our partnership with Care Health Insurance, one of India’s most trusted health insurance companies, will additionally ensure that our customers have access to quality healthcare services at their fingertips at a significantly lower cost than a comparable retail health policy.  To support our customers’ wellbeing, Mahindra Lifespaces will bear the premium cost during the period of construction.”

Commenting on this development, Ajay Shah, Director & Head–Retail, Care Health Insurance said, “It is our consistent endeavour to launch products that serve specific requirements of every consumer segment, and this is yet another initiative towards that objective. Like all our other products, Group Care 360 is a value-for-money offering backed by technology-based, quality servicing.”

Under this scheme, Mahindra Lifespaces’ customers will be able to access healthcare services through Care Health Insurance’s cashless network of over 19,200 quality healthcare providers.  The partnership between Mahindra Lifespaces and Care Health Insurance was facilitated by Mahindra Insurance Brokers Ltd., one of India’s leading composite insurance broking companies. 

About Mahindra Lifespace Developers Ltd.

Established in 1994, Mahindra Lifespace Developers Ltd. (‘Mahindra Lifespaces’) brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems.  The Company’s development footprint spans 28.2 million sq. ft. (2.6 million sq. m.) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development/management at its integrated developments / industrial clusters across four locations.

Mahindra Lifespaces’ development portfolio comprises premium residential projects; value homes under the ‘Mahindra Happinest®’ brand; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands respectively.  The Company leverages innovation, thoughtful design, and a deep commitment to sustainability to craft quality life and business growth.

The first real estate company in India to have committed to the global Science Based Targets initiative (SBTi), all Mahindra Lifespaces’ projects are certified environment friendly. With a 100% Green portfolio since 2013, the Company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India.  Mahindra Lifespaces® is the recipient of over 80 awards for its projects and ESG initiatives.

Learn more about Mahindra Lifespaces® at  www.mahindralifespaces.com

About Care Health Insurance

Care Health Insurance is a specialized health insurer offering products in the retail segment for Health Insurance, Top-up Coverage, Personal Accident, Maternity, International Travel Insurance and Critical Illness along with Group Health Insurance and Group Personal Accident Insurance for Corporates, Micro Insurance Products for the Rural Market and a Comprehensive Set of Wellness Services. With its operating philosophy being based on the principal tenet of ‘consumer-centricity’, the company has consistently invested in the effective application of technology to deliver excellence in customer servicing, product innovation and value-for-money services.

Care Health Insurance has been adjudged the ‘Best Health Insurance Company’ at the Emerging Asia Insurance Awards, 2019 & ‘Best Claims Service Provider of the Year’ at the Insurance India Summit & Awards 2018. The Company was also conferred the ‘Best Medical/Health Insurance Product Award’ at FICCI Healthcare Excellence Awards 2019.

Castrol India Reports Highest-Ever Revenue From Operations In 2021, Amidst A Challenging Business Environment

* Castrol India Limited announces 4Q (Oct-Dec) & Annual Results (Jan-Dec) for 2021

* Company reports strong earnings and resilient growth for the fiscal year ended 31 December 2021

* Continued revenue growth in 4Q 2021 amidst an inflationary environment 

* Final Dividend of Rs 3 per equity share declared

Castrol India Limited (BSE: 500870; NSE: CASTROLIND) has announced its results for the fourth quarter (4Q 2021) and fiscal year ended 31 December 2021. The Company follows the calendar year (January to December) for its financial reporting.

For the full year ended 31 December 2021, the Company registered Revenue from operations of Rs 4,192 crores, which is its highest-ever till date. It also marks an overall revenue growth of 40% compared to Rs 2,997 crores for the full year ended 31 December 2020. Castrol India’s Profit Before Tax stood at Rs 1,029 crores in 2021, marking a 31% growth compared to Rs 785 crores in 2020. The Company achieved this growth amidst a very challenging environment marked by an unprecedented rise in input costs and supply chain disruptions resulting from the ongoing Covid-19 pandemic.

In addition to the interim dividend of Rs 2.50 per equity share, the Company’s Board of Directors have recommended a final dividend payment of Rs 3 per equity share each for the year 2021, subject to shareholders’ approval.

In 4Q 2021 (October to December), Castrol India registered Revenue from Operations of Rs  1,091 crores, delivering a strong growth of 17% compared to Rs 935 crores in 4Q 2020. Profit Before Tax for the quarter stood at Rs 257 crores, compared to Rs 250 crores in 4Q of 2020.

Commenting on the 4Q 2021 results, Sandeep Sangwan, Managing Director, Castrol India Limited, said, “Castrol India delivered resilient performance and strong topline growth in the fourth quarter of 2021, registering a 17% growth over the corresponding quarter in 2020. Despite an adverse environment with rising input costs and softer market demand, we also grew our bottomline through focused investments and prudent cost actions.”

Adding further, Sandeep Sangwan said, “At Castrol India, we are leveraging growth opportunities through independent workshops, premium branded products, and new formats such as the Castrol Auto Service centers and Castrol Express Oil Change outlets. Apart from investing in our brands, we are strengthening our service & maintenance offerings to customers and scaling up adjacencies with 3M to offer co-branded products.”

Castrol India’s key highlights from 4Q 2021 include:

Launch of Castrol ‘Express Oil Change’ service at India’s first Jio-bp Mobility Station inaugurated in Navi Mumbai in October 2021. 25 Express Oil Change outlets are currently operational in Jio-bp sites across India, offering swift and reliable oil change to two-wheeler consumers on the go. The Jio-bp Mobility Stations also include the Wild Bean Café, bringing convenience and mobility under one roof for Indian consumers.

Expansion of Castrol Auto Service (CAS) network to 94 centers in 40+ cities across India.

Castrol’s alliance with 3M to scale up adjacencies and develop a co-branded range of car care products was reinstated and expanded to 10 cities across India. The alliance combines 3M’s expertise & technology with Castrol’s route-to-market and branding know-how.

In addition to existing partnerships with manufacturers of four-wheeler electric vehicles (EV), Castrol India initiated technology collaboration discussions with some of the leading two-wheeler EV manufacturers in India.

Continued focus on digital initiatives and technologies to automate business processes further and make our operations more agile and efficient.

As part of the sales teams’ on-ground community support for independent auto mechanics, Castrol India actively encouraged vaccination for mechanics and their families. Fully vaccinated mechanics were incentivized with a free of cost 2-liter pack of Castrol Activ.

Castrol launched a new digital marketing campaign #PerformanceThatSurprises for POWER1 ULTIMATE, its premium engine oil brand for two-wheelers, featuring Bollywood actor Tiger Shroff. The campaign highlights the brand’s 5-in-1 full synthetic formula that offers superior engine health for two-wheelers.

The fourth edition of the Castrol Super Mechanic Contest launched in October 2021 registered participation from 140,000 mechanics, of which 35,000 shortlisted mechanics received certified advance technical training from the Automotive Skills Development Council of India (ASDC). The top 1,000 mechanics have moved to the semi-finals of the contest, which will culminate with the winners being announced in March 2022. 

On the social front, Castrol India’s flagship CSR programmes for mechanics and truck drivers continued to provide holistic development and upskilling to enable sustainable livelihoods and a greater sense of pride for mechanics and truck drivers in their profession. The Company also undertook a Covid-19 vaccination drive for community members, reaching out to more than 70,000 beneficiaries.

In line with Castrol’s global Path 360 strategy to help deliver a more sustainable future, Castrol India advanced its sustainability agenda in 2021 and introduced targeted interventions in its operations, packaging, and distribution, with a focus on saving waste, reducing carbon, and improving people’s lives. The Company optimized its packaging design for small bottles, achieving 20% less plastic consumption and reduction of logistics footprint. In addition, Castrol India successfully commercialized reduced temperature blending for select product variants and conducted an energy audit at its three plants. This will help identify options to switch from non-renewable energy to renewable & solar energy solutions to power Castrol India’s plant operations and supply chain.

Komprise Partners With Microsoft To Support Microsoft Azure File Data Migration Program

* The Azure File Data Migration service brings Komprise Elastic Data Migration to Azure customers at no cost. Customers can now migrate file data to the right Azure tier for cost savings and to drive value from their data.

Komprise, a leader in analytics-driven data management and mobility, announces that it has been selected for the Microsoft Azure File Migration Program launched today by Azure. The new program gives customers access to industry leading file-migration at no cost and complements the Azure Migrate portfolio which customers use to automate and orchestrate the migration of servers, desktops, databases and web applications to Azure. Komprise is one of a select few Microsoft ISVs chosen for this exclusive program.

Migrating on-premises applications such as file workloads, high-performance computing (HPC) and analytics requires identifying and migrating tens of terabytes to several petabytes of file data stored on NAS appliances and other on-premises storage to the right tier of Azure Files, Azure NetApp Files and Azure Blob Storage. Customers often guess at which data to migrate and to where and these migrations can be laborious, error-prone, and slow when moving large data sets.

Komprise Elastic Data Migration eliminates the cost and complexity of managing file data by providing analytics-driven data migration to Azure without creating any vendor lock-in:

Provides analytics across existing NAS (eg NetApp, Dell, Windows) to identify which data sets to migrate and to which tier of Azure;

Systematically migrates files 27 times faster.  Komprise Elastic Data Migration scales elastically according to the distribution of your shares, directories and files;

Ensures full data integrity by migrating all file attributes and permissions with full MD5 checksums on every file.

Customers will have the opportunity to upgrade to the full product, Komprise Intelligent Data Management, which means they can transparently tier across Azure Storage platforms, cutting 70% of cloud costs. Data is tiered natively, allowing users and applications nondisruptive access.  Organizations can leverage the Komprise Global File Index to query, tag and move the right data to the right place for AI, ML and data processing.

Krishna Subramanian, President and COO of Komprise says, “By working closely with the Microsoft Azure Storage team, we can help enterprises accelerate their path to the cloud for file and object data and make their data available to cloud-based data lakes and AI services without locking their data to proprietary storage technology,”.

“Moving data to Microsoft Azure Storage needs to be fast and easy for our customers,” said Jurgen Willis, Vice President, Optimized Workloads and Storage. “We are excited to work with Komprise on delivering a valuable service so that our customers can more easily and reliably move file data from expensive on-premises NAS devices to the cloud native storage services on Azure.”

The Azure File Migration Program offers free software licensing, an onboarding session, and limited access to support after selecting the Azure-sponsored offer from the Azure Marketplace. Learn more about the Komprise offering here.

To learn more about this program, visit the Azure Tech Community Blog.

Also, read the Komprise Data Migrations blog for best practices in using Komprise for moving on-premises file data to the cloud.

About Komprise

Komprise is a provider of unstructured data management and mobility software that frees enterprises to easily analyze, mobilize, and monetize the right file and object data across clouds without shackling data to any vendor. With Komprise Intelligent Data Management, you can cut 70% of enterprise storage, backup and cloud costs while making data easily available to cloud-based data lakes and analytics tools. www.komprise.com.

Abbott Announces Collaborations, Reinforces Its Commitment Towards Access To Holistic Diabetes Care

* Abbott provides holistic diabetes care to 8 million people through partnerships

* Abbott’s FreeStyle Libre enables users to check their glucose readings more frequently, which is associated with greater time in glucose range4

* Innovative technology in diabetes management has the potential for better outcomes and minimizes complications3

Abbott, the global healthcare leader, announced new collaborations with key health-tech partners BeatO, Sugar.fit, PharmEasy, GOQii, 1MG, Zyla Health, Healthifyme and Fitterfly to usher a new era of holistic diabetes management care. Through these collaborations, Abbott aims to offer glucose monitoring solutions to 8 million people living with diabetes, of which approximately 6.5mn users can access through PharmEasy and 1MG. The company is focused on maintaining effective glucose level along with remote consultations, diabetes-specific coaching, and dietary plans.

India has the second-highest diabetes population in the world1. Recent studies show that healthcare for non-communicable diseases has been interrupted in India, with up to 87% of people with diabetes reducing visits to their doctor due to the pandemic, and less than half possessing a blood glucose measuring device at home.2. For adults with type 2 diabetes on intensive insulin, studies showed average HbA1c drop from 8.9% to 8% with at least three months of using sensor-based devices, which continuously monitored glucose.[1] Through these collaborations, Abbott endeavors to enable personalized lifestyle and therapy interventions, so people with diabetes can achieve holistic glucose management goals.

The pandemic led to the deployment of disruptive technologies in the healthcare industry leading to breakthroughs in patient care. For example, sensor-based monitoring devices and virtual consultations are helping people manage glucose levels at home. Availability of wearable devices such as Abbott’s FreeStyle Libre have enabled patients to continuously monitor glucose levels and provide real time insights to doctors. Abbott has also partnered with BeatO, a digital health platform to launch a holistic, data-based continuous glucose monitoring program for better diabetes management. The program provides users access to targeted diet, help in controlling diabetes and lifestyle counselling from experts based on the data recorded by FreeStyle Libre.

Kalyan Sattaru, General Manager of the diabetes care business at Abbott, said, “Continued research and strategic partnerships have simplified and strengthened diabetes management over the years. New diabetes technology has paved the way for precise and informed decision making. Connecting our partner brands’ products with the FreeStyle Libre portfolio will enable users to capture their glucose data easily as part of an integrated system.”

Gautam Chopra, Co-founder & CEO, BeatO commented, “Leveraging Abbott’s FreeStyle Libre with BeatO’s app ecosystem will give our users precise data, along with actionable insights to effectively manage and control blood glucose levels. We are continuously striving to make diabetes management more effective and convenient for our members and this program is a step in the same direction.”

Addition of Abbott’s FreeStyle Libre to BeatO’s current offerings prompts diabetes educators and nutritionists to provide more patient-specific and targeted diet counselling to users. For members who had uncontrolled diabetes, this has resulted in 90% of them now having their blood glucose levels within a time in range of more than 75%.

Madan Somasundaram, Co-founder and CEO, Sugar.fit said, "At Sugar.fit, our mission is to empower people with chronic conditions to live better and healthier lives and reverse chronic metabolic disorders. Technology is combined with science and human coaching to help millions of Indians manage and reverse diabetes through a highly consumer-centric data-driven digital health experience."

Sugar.fit’s program, launched in June 2021, has helped 90%+ of its users see drastic improvement in sugar levels with most users seeing an average drop of 1.9% in HbA1c levels, just within 3 months. This was in addition to sustained weight loss and significant reduction in medicines for patients with more than 8% HbA1c levels.

About Abbott:

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritional and branded generic medicines. Our 113,000 colleagues serve people in more than 160 countries.

MYRE Capital Offers New Grade A+ Office Asset In A Large Tech Hub- Vaishnavi Tech Park, Bangalore

* Office asset leased to Smartworks and further subleased to Groww

MYRE Capital is India’s first Neo-Realty investment platform. It is a venture by renowned architectural firm Morphogenesis. MYRE ended calendar year 2021 having aggregated 100+ crore in AUM. They have begun this year with the launch of their latest offering in Vaishnavi Tech Park (VTP), Bangalore.

MYRE Capital is providing investors an opportunity to invest in a rare commercial real estate (CRE) institutional grade asset with a minimum investment of 25 lakhs. The proposed space of 36,230 Sq. Ft. is situated in the south tower of VTP and spans the entire 4th floor. This opportunity is set to offer an entry yield of 8.7% and a target internal rate of return (IRR) of 16.2%. This comes at a time when office space demand in Bangalore is expected to be at pre-pandemic levels in 2022, strongly led by the financial and tech sectors. Bangalore is widely regarded as ‘The Silicon Valley of India’ owing to the presence of the largest IT firms in the country.

Vaishnavi Tech Park (VTP) is located strategically at the intersection of Outer Ring Road (ORR) and Sarjapur Micro Market. ORR is the largest IT hub of Bangalore whilst the Sarjapur Micro Market has a 0% vacancy rate. These micro markets are home to some of the most prominent MNC tenants, including - LinkedIn, Deloitte, Microsoft, Accenture, HCL, Tata, Wipro. Due to the favourable micro market fundamentals, historically the buildings in this area have been majorly owned by institutional investors with a long term plan to retain these assets. This limits the available stock for sale in this micro market for HNI’s and retail investors to acquire making VTP a rare off market opportunity. 

VTP is a newly constructed development with 2 office towers and a dedicated retail space. As a testament to the quality of the asset, the entire development has been designed for IGBC platinum rating. State of the art construction technology has been used to achieve long term minimisation of utility cost and maintenance cost.

The subject building has been entirely leased to Smartworks, the market leader in managed leasing solutions, for a total tenure of 9 years. Considering the strong demand from blue chip tenants and MNC occupiers, within a few days of taking up the space, Smartworks has been able to sub tenant more than 90% of the tower to enterprise clientele. Smart works is the largest operator in the managed leasing space and have demonstrated strong leasing capabilities by securing 500+ enterprise clientele in their pan India offices, including Amazon, Tata, EY, Starbucks, Microsoft among others. The space being acquired by MYRE is occupied by Groww, one of the largest fintech platforms in the country. Groww recently on-boarded Mr. Satya Nadella, executive chairman & CEO and of Microsoft, as an investor and active board advisor. Groww is also the anchor subtenant in VTP.

MYRE Capital has also launched a first of its kind 3D virtual walkthrough tour of the development which takes the investors through the entire property virtually, for them to get a more meaningful insight of the development.

Speaking on the development, Mr. Aryaman Vir, Founder & CEO, MYRE Capital said “We are elated to launch our newest offering in one of the largest office markets in the country. Managed leasing is the future of CRE and we have brought this revolution to our investors by offering them the second property in this domain. While the asset we are offering has great micro market fundamentals, attractive lease terms and marquee tenants, the main highlight that differentiates this building is the unparalleled asset quality and the use of futuristic energy efficient and sustainable architecture - making it a preferred choice for environmentally conscious occupiers.  Sustainability is the new revolution and we also want to be a part of it through our property offerings. We have also been able to negotiate an attractive capital value, which is at a significant discount to market rate.”

One of the key benefits for landlord in managed leasing is that the operator is contractually liable to service the agreed upon rental irrespective of sub tenant occupancy. In a post pandemic world, Managed leasing has become the preferred leasing model for corporates and MNC tenants. Landlords and investors are also preferring to lease their office space to managed leasing operators due to the added layer of rental security and stability with minimal vacancy risk.

This asset offered by MYRE Capital is pre-leased and managed so investors can look to earn stable monthly rental income and long term capital appreciation. Through MYRE Capital’s expertise and offering, investors can build their Commercial Real Estate portfolio and begin a secure investment journey.

Some of the flagship properties in the MYRE portfolio include - Maker Maxity (BKC Mumbai); Magarpatta Cybercity (Pune); Times Square (Mumbai).

Be Internet Insured And Stay Protected From Cyber Frauds With HDFC ERGO Cyber Sachet Insurance

HDFC ERGO General Insurance Company, a leading general insurance company in the private sector and a digital-first company, announced the launch of its Cyber Sachet Insurance Policy, a unique cyber insurance policy aimed at mitigating cyber-related / digital risks for individual customers and keeping them internet insured.

The pandemic acted as a catalyst increasing the number of cyber-crime attacks across the globe. According to the latest report by the National Crime Records Bureau, India recorded 50,035 cases of cyber-crime in 2020 i.e., an 11.8% surge in such offences over the previous year. Cyber criminals are especially targeting new technology users and senior citizens as they are most susceptible to such attacks.

While financial loss is one the biggest concerns, there is a growing concern around data loss, cyber bullying and stalking. The new Cyber Sachet policy offers a comprehensive range of cover, providing 360-degree protection to its customers against the uncertainty of the cyber world. The modular product is structured into 14 sections, empowering the customer with the flexibility to customise and personalise the cover to meet their individual requirements. This new digitally enabled policy provides protection against online fraud, email spoofing, phishing, identity theft, online shopping, and reputation restoration.

Moreover, keeping in mind the socioeconomic spread of our country, HDFC ERGO has addressed the affordability criteria of new-age emerging risks, by pricing each section on an individual basis and further adding discounts to incentivise customers opting for multiple sections. Customers can be internet insured with a pocket-sized insurance cover at a nominal premium of less than ? 2 per day. The sum insured ranges from ? 10K to ? 5 crores for choice of covers opted for by the customer, that includes Financial Loss, Reputation Loss, Data Loss & Recovery, Cyber Liability Protection, Smart Home devices, and Cyber Bullying. The policy offers value for money through affordable premiums and an option to extend the cover to other family members.

Speaking about the launch of the Cyber Sachet policy, Mr. Sanjay Kaw, President – Commercial Business, HDFC ERGO General Insurance Company said, “With the increase in cyber threats, a product like Cyber Sachet Insurance will prove to be a benefit, given everyone is an easy target to cybercrimes in some or the other form. We believe in helping customers with solutions that are digitally accessible, innovative, and unique. Through the launch of the new Cyber Sachet Insurance, our purpose is to offer our customers the much-needed protection against the various online threats while making sure that the product is affordable.”

The Cyber Sachet policy also provides a wide range of liability covers arising from various online activities such as claims due to social media activities, malware attacks on third party systems, and the legal costs caused due to data breach.

About HDFC ERGO:

HDFC ERGO General Insurance Company is a joint venture between HDFC Ltd. and ERGO International AG; the primary insurance entity of the Munich RE Group of Germany. HDFC ERGO is one of India’s largest non-life insurance company in the private sector. A digital-first company, transforming in to an AI-first company, HDFC ERGO is a leader in implementing technology to offer consumers the best-in-class service experience. The company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), Robotics and IBM Watson. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~93% of retail policies issued digitally. The self-help tech platform developed by HDFC ERGO has empowered the customers to avail 58% of the services virtually in a self-help mode on a 24x7 basis with ~40% of the customer requested services digitally.

The Company offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real time.

Simple One Gets A Motor Upgrade — Further Boosting The Scooter’s Performance

* The upgraded motor allows the Simple One to achieve better performance and efficiency

* The motor can produce 72Nm of torque, which is not only the category highest but has also never been achieved in such a compact size.

* Simple Energy is the only electric scooter OEM to develop or manufacture its own motors in India.  

India’s leading electric vehicle and clean energy start-up Simple Energy unveiled an upgraded motor for its flagship scooter, Simple One, which will be delivered to customers June onwards. The new motor boosts the performance of the scooter further by offering better efficiency and thermal management.

Simple Energy is the only automotive company in India that developed a high-spec motor in 2020 for the flagship product — The Simple One. The newly unveiled motor is an upgrade to the already existing high-spec motor and can produce 72 Nm of torque, which is not only the highest in the industry but has never been achieved on a form factor this small. This allows to scooter to house a large 4.8 kWh battery pack, providing 200+ km of range.

Commenting on the breakthrough, Suhas Rajkumar, Founder and CEO, of Simple Energy, said, “When we began working on the Simple One more than two years ago, we knew it had to be the best in the industry. While we had already developed the most powerful motor last year, we found there was room for further improvement. This breakthrough is an upgrade on efficiency and performance for us as the motor is the key to a perfect EV. 50 iterations later, this has only added to making the scooter even better. We are certain that the end consumer will be thrilled to experience it.” 

The higher level of vertical integration allows the electric scooter to attain an unmatched efficiency of 96%, allowing users to enjoy riding without worrying about the range. By developing the motor in-house from the ground up, future product development also gets accelerated. 

In designing the upgraded motor, which is also patented and an IP of the company, Simple Energy has showcased some fine engineering with the team spending over two years in extensive R&D and improving the scooter specs to make it the best in its class, thus resonating with the Make-in-India spirit. 

Simple One is India’s first premium affordable electric scooter with unparalleled specifications such as over 200 km of range in Eco mode, a 0-40 kmph acceleration in under 2.85 seconds, top speed of 105 kmph, a large boot with a capacity of 30 litres and a powerful 8.5 kW motor. It can be booked on simpleenergy.in for a price of Rs 1,947 and will be delivered starting June. There are additional upgrades and surprises too, which will be announced in the coming weeks.

Simple Energy aims to be at the forefront of the ongoing global transition to clean transport. Its flagship product, Simple One, will be produced at phase 1 of the company’s manufacturing unit located at Hosur, Tamil Nadu. The state-of-the-art manufacturing plant has an annual capacity of up to 1 million units. The factory is currently getting ready for mass manufacturing and will be operational in the coming weeks. The company has also commissioned a second plant in Dharmapuri, Tamil Nadu, which will spread across 600 acres and have a capacity of 12.5 million units annually — making it the largest two-wheeler producer in the world.

About Simple Energy

Founded in 2019, Simple Energy is amongst India’s top three premium, smart electric vehicle company. The Bangalore-based electric vehicle (EV) and clean energy start-up aims to redefine electric mobility in the country by making e-mobility solutions more accessible, accessible, secure, and comfortable to end-customer. The brand believes in innovating and developing everything in-house while adhering to high standards of integrity, quality, and transparency. From surface design to chassis design, battery development to motor development, the Company has developed comprehensive, ‘Made in India’ e-mobility products that addresses three major concerns: range anxiety, charging time, and affordability. The brand is dedicated to advancing the country's sustainability goals, thereby contributing to a greener and cleaner future.