RIYADH: Indian electric vehicle startup Simple Energy is seeking to invest ($330 million) to increase production of electric scooters with the help of the southern state Tamil Nadu’s government. The Bengaluru-based startup is building a facility located an hour away from Hosur, which is expected to become operational in 2022 with a production capacity of 1 million electric scooters per year, Bloomberg reported. It also plans to launch a second larger plant in Dharmapuri in 2023, with an annual production capacity of 12.5 billion scooters. Simple Energy aims to raise “three digit millions” in another funding round, after raising $21 million earlier, Bloomberg reported citing the CEO Suhas Rajkumar.