Phase 1 of Ola e-scooter factory nearing completion: Bhavish Aggarwal

The first phase of Ola’s electric scooter factory is nearing completion and the company expects to start rolling out vehicles soon, Ola Group CEO Bhavish Aggarwal said on Saturday in a tweet. The company had last year announced a Rs 2,400-crore investment for setting up its first electric scooter factory in Tamil Nadu.

“In just four months, this place has transformed from acres of empty rock land to the world’s largest 2W factory. The Ola Futurefactory phase 1 is nearing completion! The scooters are coming soon! Great work by team @OlaElectric,” Aggarwal tweeted.

Once completed, the plant will create nearly 10,000 jobs and is expected to be the world’s largest scooter manufacturing facility. The manufacturing plant will initially have an annual production capacity of 2 million units. However, the company is yet to disclose the pricing and specifications of its e-scooter. Ola has stated that it is working on setting up a ‘Hypercharger Network’ to include one lakh charging points across 400 cities.

Aggarwal had earlier 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, including countries like France, Italy and Germany, in this fiscal as well. The launch of the electric scooter is in line with Ola’s global vision of moving mobility into a more sustainable, accessible, and connected future.