Bhavish Aggarwal surveys the empty 500-acre expanse encircled by neon-painted homes, tiny shrines, and mango groves. The high-profile Ola founder hopes to erect the world’s largest electric scooter plant on this vacant plot on Bangalore’s outskirts within the next 12 weeks, cranking out about 2 million a year – a landmark for one of India’s largest startups. A two-and-a-half-hour drive southeast of Bangalore, Aggarwal’s envisioned $330 million (roughly Rs. 2,400 crores) mega-factory marks a bold foray into uncharted territory for an entrepreneur who’s spent 10 years building a ride-hailing giant. His follow-up Ola Electric is getting into an electric vehicle market already crowded by names from Tesla to China’s Nio – albeit with a humble two-wheeler initially – but that could play in a $200 billion (roughly Rs. 14,64,550 crores) domestic EV industry in a decade. A worker surveys the construction site of Ola’s electric scooter manufacturing plant in Tamil Nadu If all goes according to plan, his Ola Electric Mobility hopes to make 10 million vehicles annually or 15 percent of the world’s e-scooters by the summer of 2022, starting with sales abroad later this year. That would be one scooter rolling out every two seconds after the plant… Read full this story
- Protected Special Agricultural Zone in Tamil Nadu’s Cauvery delta: Experts seek powers to implementing authority
- CK Motors to set upEV plant in Tamil Nadu
- It's official: Ola will go for IPO in next few years
- I'm a 'visiting actor' in Tamil cinema, says Dulquer Salmaan ahead of ‘Kannum Kannum Kollaiyadithaal’
- Pune’s Arai academy launches specialised courses for electric vehicles
- Jack Welch, Former General Electric Chairman and CEO, Dead at 84
- Venezuela: Maduro calls on armed groups to keep order amid electricity rationing
- TVS iQube Electric Scooter Review (First Ride): TVS Motor Company's First Take At Charging Life
- How congested Brussels is planning for climate change
- GM's new electric car battery tops Tesla's
Ola Electric Plans to Make Vehicles Every 2 Seconds at World’s Largest E-Scooter Factory in Tamil Nadu have 305 words, post on gadgets.ndtv.com at March 8, 2021. This is cached page on Vietnam Colors. If you want remove this page, please contact us.