New Delhi: The first phase of Ola’s electric scooter factory is nearing completion and the company expects to launch the vehicles in the Indian market soon, Ola Group CEO Bhavish Agarwal said on Saturday.
Taking this on Twitter, Agarwal said, “In just four months, this place has transformed from one acre of vacant rocky land to the world’s largest 2W factory. Ola Futurefactory Phase 1 is nearing completion! Scooters coming soon Brilliant work by the team @olaelectric.”
Last year, Ola announced an investment of Rs 2,400 crore to set up its first electric scooter factory in Tamil Nadu.
He also shared a picture of himself from the factory site. Upon completion, the factory will create approximately 10,000 jobs and is expected to be the world’s largest scooter manufacturing facility with an annual production capacity of 2 million units initially.
While the company is yet to reveal the pricing and specifications of its e-scooter, Ola has said that it is working on setting up a ‘hypercharger network’ to cover one lakh charging points across 400 cities.
Agarwal had earlier said that the e-scooter is likely to be launched in India in July this year, and that Ola Electric will look to take the vehicle to international markets, including countries such as France, Italy and Germany, this financial year.
The launch of the electric scooter is in line with Ola’s global vision of taking mobility to a more sustainable, accessible and connected future.
Agarwal also welcomed the recent announcement of the Gujarat State Electric Vehicle Policy, 2021, which aims to boost the deployment of electric vehicles in the state.
He said, “The EV revolution is coming! From Karnataka to Gujarat in 2017, this week 21 states and union territories are now encouraging electric vehicles to be affordable. We are at #OlaFuturefactory and to accelerate it with our scooters. Committed to what is to come soon.” tweeted. Read also: 7th Pay Commission: Central government employees should get these benefits even before today’s meeting on DA arrears
Last year, Ola Electric also bought Amsterdam-based Itergo BV for an undisclosed amount. The acquisition of Etergo was aimed at further strengthening its engineering and design capabilities in the electric mobility space. Read also: Electric Scooters Range Up to 240KM – Check Upcoming India Offers from Ola, Yamaha, Suzuki
live TV
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