Broadening the scooter range
The current portfolio includes Simple One, Simple Wave and Simple Ultra. In-house development covers the vehicles and their key components, while research will support the next product cycle.
Building capacity and support
The new all-equity financing backs an additional manufacturing facility and greater production capacity. Distribution, servicing and supply-chain investment will support the wider rollout.
Where the funding goes
- New manufacturing facility and production capacity
- Distribution and service network
- Next product cycle research
- Hiring, marketing and supply-chain operations