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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement