FUTURE OF OLA ELECTRIC IN INDIA|STARTUP ERA.

Today Ola is India’s largest mobility platform and is one of the world’s largest ride-sharing companies. Ola has swooped into the booming electric vehicle market from being a mobility service provider. Ola Electric has plans to build the world’s largest Two-wheeler factory Named Ola Future Factory, which will manufacture Ola Electric Scooter in India.

India expects the Electric Vehicle market to hit over 65 lakh unit mark annually by 2030, as stated in a report by India Energy Storage Alliance(IESA). There has been a continuous push for electric vehicles and home-grown technology in line with PM Narendra Modi’s Atmanirbhar Bharatvision. The ‘Ola Future Factory’ will be a major carrier of this vision.

In the first week of March 2021, Ola Electric Mobility Pvt Ltd., the subsidiary of Ola, announced that it would be setting up the World’s largest electric Two Wheeler plant in Hosur, Tamil Nadu. The plant is named ‘Ola future factory‘.

Mr. Bhavish Aggarwal, a 35-year-old co-founder of the Indian mobility provider, invited journalists to show the 500-acre electric scooter manufacturing site in the Krishnagiri district of Tamil Nadu.

The 500-acre site will easily make it the world’s single largest Electric two-wheeler manufacturing plant in the world. High on sustainability, Ola Electric claims there will be 100 acres of forest cover around the factory, with manufacturing operations powered by solar and renewable energy covering 2 acres of forest inside the factory. Considering the climate changes, the company aims for carbon-negative operations in their factory.

This Ola future factory would also lead to the creation of almost 10,000 new jobs. The factory will be 90% automated with 3000 robots for precision in manufacturing the ola electric scooter in India. Ola has chosen ABB Robotics as one of its key partners for the automation of its mega-factory project.

  1. world’s largest two-wheeler factory
  2. 10,000 new jobs created in India 
  3. Annual, 10 million Two-Wheeler Production 
  4. Electric Scooter is expected to be priced nearly ₹1 lakh.

Ola Mission Electric India 

Ola wants to own the entire EV value chain- right from engineering, manufacturing, and also the sales of electric vehicles. It is beginning with its ola electric scooters and plans on building Electric cars in the future.

This integrated manufacturing facility in Tamil Nadu will have everything from a battery manufacturing unit to supplier parks. It will even have a test track inside the factory. Ola said it had designed, engineered, and will manufacture its batteries, motors, charging and motor controllers, and the software that will power scooters, helping keep the cost down. also, the plant will house a separate battery manufacturing unit that Ola will operate.

The factory aims to produce 10 million ola electric scooter units annually or 15% of the world’s e-scooters by mid-2022. Ola also boasts that one e-scooter will roll out every two seconds after the plant expands. About 30%-40% of the production will be earmarked for exports across Europe, the U.K, America, Australia, and New Zealand.

Leave a Comment

Your email address will not be published. Required fields are marked *

Open chat