Ola Electric's New Manufacturing Facility Aims To Roll Out EV Every Two Seconds
Cab aggregator Ola’s electric vehicle venture Ola Electric is all set to erect the world’s largest electric scooter plant on this vacant plot in Bangalore's outskirts. The firm aims to reach production of about 2 million a year with a target of producing an Electric Vehicle (EV) every 2 seconds. In a segment that is crowded by names from Tesla Inc. to China’s Nio Inc. Ola albeit with a humble two-wheeler initially.
The firm has the potential to play in a USD 200 billion domestic EV industry in a decade. For keeping costs in check Ola is designing, engineering, and manufacturing its own battery pack, motor, vehicle computer, and software. Ola Electric Mobility Pvt hopes to make 10 million vehicles annually or 15% of the world’s e-scooters by the summer of 2022.