Ola electric scooter plant phase 1 nearing completion, CEO says

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NEW DELHI: The first phase of the Ola electric scooter plant is nearing completion and the company plans to start deploying vehicles soon, Ola Group CEO Bhavish Aggarwal said on Saturday.
Last year, Ola announced an investment of Rs 2,400 crore to set up its first electric scooter factory in Tamil Nadu.
“In just four months this place has grown from acres of empty rocky terrain to the world’s largest 2W factory. Phase 1 of the Ola Futurefactory is almost complete! Scooters are coming soon! Great job from the team @OlaElectric, ”Aggarwal tweeted.
He also shared a photo of himself on the factory’s website. When completed, the plant will create nearly 10,000 jobs and is expected to be the largest scooter manufacturing plant in the world, which will initially have an annual production capacity of 2 million units.
While the company has yet to disclose prices and specifications for its electric scooter, Ola said it is working on setting up a “network of hyperchargers” to include charging points from a lakh in 400 cities.
Aggarwal had said earlier that the electric scooter would likely launch in India in July this year and that Ola Electric would also consider bringing the vehicle to international markets, including countries like France, Italy and Germany. , also during this exercise.
The launch of the electric scooter is part of Ola’s global vision to make mobility a more sustainable, accessible and connected future.
Aggarwal had also welcomed the recent announcement of the Gujarat State’s Electric Vehicle Policy, 2021, which aims to promote the deployment of electric vehicles in the state.
“The electric vehicle revolution is coming! From Karnataka in 2017 to Gujarat this week alone, 21 states and UTs are now pushing electric vehicles to make them affordable. We are committed to accelerating this with #OlaFuturefactory and our scooter coming soon, ”he said. tweeted.
Ola Electric also acquired Amsterdam-based Etergo BV last year for an undisclosed amount. The acquisition of Etergo aimed to further strengthen its engineering and design capabilities in the field of electric mobility.


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