+
Phase 1 of Ola e-scooter factory almost completed: Bhavish Aggarwal
Technology

Phase 1 of Ola e-scooter factory almost completed: Bhavish Aggarwal

On Saturday, Bhavish Aggarwal, CEO, Ola Group, told the media that the first phase of Ola's electric scooter factory is nearing completion, and the company anticipates to start rolling out vehicles soon.

In 2020, Ola had declared a Rs 2,400 crore investment for establishing its first electric scooter factory in Tamil Nadu.

After completion, the factory is expected to be the world's largest scooter manufacturing facility that will initially have a yearly production capacity of 2 million units.

While the company is yet to reveal the pricing and specifications of its e-scooter, Ola has said that it is working on establishing a 'Hypercharger Network' to cover one lakh charging points across 400 cities.

Earlier, Aggarwal had said that the e-scooter was likely to be launched in India in July this year and that Ola Electric would look at taking the vehicle to international markets, comprising countries like Italy, Germany and France in this fiscal as well.

The launch of the electric scooter is in order with Ola's global vision of moving mobility into a more accessible, sustainable, and connected future.

Aggarwal had also embraced the recent announcement of the Gujarat State Electric Vehicle Policy, 2021, which aims to encourage the deployment of electric vehicles in the state.

In 2020, Ola Electric had also received Amsterdam-based Etergo BV for an undisclosed amount. The acquisition of Etergo was aimed at further supporting its engineering and design capabilities in the electric mobility space.

Image Source


Also read: An EV every 2 sec from world’s largest 2-wheeler plant

Also read: IIIT Hyderabad designs end-to-end charging solution for e-scooters

On Saturday, Bhavish Aggarwal, CEO, Ola Group, told the media that the first phase of Ola's electric scooter factory is nearing completion, and the company anticipates to start rolling out vehicles soon. In 2020, Ola had declared a Rs 2,400 crore investment for establishing its first electric scooter factory in Tamil Nadu. After completion, the factory is expected to be the world's largest scooter manufacturing facility that will initially have a yearly production capacity of 2 million units. While the company is yet to reveal the pricing and specifications of its e-scooter, Ola has said that it is working on establishing a 'Hypercharger Network' to cover one lakh charging points across 400 cities. Earlier, Aggarwal had said that the e-scooter was likely to be launched in India in July this year and that Ola Electric would look at taking the vehicle to international markets, comprising countries like Italy, Germany and France in this fiscal as well. The launch of the electric scooter is in order with Ola's global vision of moving mobility into a more accessible, sustainable, and connected future. Aggarwal had also embraced the recent announcement of the Gujarat State Electric Vehicle Policy, 2021, which aims to encourage the deployment of electric vehicles in the state. In 2020, Ola Electric had also received Amsterdam-based Etergo BV for an undisclosed amount. The acquisition of Etergo was aimed at further supporting its engineering and design capabilities in the electric mobility space. Image Source Also read: An EV every 2 sec from world’s largest 2-wheeler plant Also read: IIIT Hyderabad designs end-to-end charging solution for e-scooters

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?