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Home Technology

Ola All Set To Produce E-Vehicles In India In The Upcoming Months Of 2021

by Aparna Singh
March 14, 2021
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Ola All Set To Produce E-Vehicles In India In The Upcoming Months Of 2021
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Ola company announced that the company will set up a factory in India that will produce 10 million E-Vehicles per year. The factory will be set up in Tamilnadu’s Krishnagiri district which is expanded up to 500-acre land.

The factory will be set up in a mega block of 41-acre land. The company’s CEO Bhavish Agarwal shared the visuals of his plan on Twitter.

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Visuals of the Ola Futurefactory pic.twitter.com/ZzMVOujxsE

— Bhavish Aggarwal (@bhash) March 8, 2021

About Ola Company 

Ola creates a partnership with drivers and cab owners to provide diverse cab services across India, presently serving in more than 250+ cities. Ola is an Indian ridesharing company founded in 3rd Dec 2010 by Bhavish Agarwal and Ankit Bhati but according to the data available company’s major shareholder includes DST Global (6.72%), Matrix Partners (8.57%), Tencent (10.39%), Tiger Global (15.94%) and Soft Bank Group (26.1%).

The Vision of Ola Company

Ola company’s vision is to establish itself as a manufacturer that will produce low-cost e-vehicles globally. Initially its aim to manufacture 2 million scooters per year After that it will manufacture at its full capacity of 10 million per year.

The company wants to produce high-performance e-scooter (two-wheelers) across India and international markets including UK, Latin America, Asia Pacific, Australia New Zealand, and Europe with a low price segment (Price not disclosed yet). Long term plan of the company is to also manufacture the e-vehicles car which will give high competition to Elon Musk’s model in India. 

high-performance e-scooter

The company is hoping to start its first phase will be operational in the upcoming months. Rs 2400-crore MoU already signed with the Tamilnadu government and the Land acquisition was completed in January itself.

Sharing our vision of the Ola Futurefactory! With 10M units/yr, it'll be the largest 2W factory in the world, 15% of world’s capacity! With 3000+ robots, it'll be the most advanced & with 100 acres of forest, carbon negative operations, it‘ll be the most sustainable. @OlaElectric pic.twitter.com/1iSjFCMJIS

— Bhavish Aggarwal (@bhash) March 8, 2021

Job opportunity through this project

Ola is expected to provide 10000+ job opportunities in India but the company will also use the latest technology Artificial Intelligence and 3000+ robots on a big level.

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