Some 1.5 v LED flasher circuits are available on the internet and we like to present you four of them. The flasher circuits below operate on a single 1.5 volt battery.
The top circuit, designed by Andre De-Guerin illustrates using a 100uF capacitor to double the battery voltage to obtain 3 volts for the LED. Two sections of a 74HC04 hex inverter are used as a squarewave oscillator that establishes the flash rate while a third section is used as a buffer that charges the capacitor in series with a 470 ohm resistor while the buffer output is at +1.5 volts. When the buffer output switches to ground (zero volts) the charged capacitor is placed in series with the LED and the battery which supplies enough voltage to illuminate the LED. The LED current is approximately 3 mA, so a high brightness LED is recommended.