Phase 1 construction of Ola factory nearly complete; e-scooter launch soon
Ola Electric is quickly moving to mark its foray into the world of electric vehicles in India and it shows. A few days ago, Bhavish Aggarwal, co-founder, Ola, teased the company’s upcoming electric scooter, asking people what colour options they would like to see offered with the Ola EV. Well, the man seems to be on a roll with these updates off late, for he took to social media yet again to announce to the world that the phase 1 construction of Ola Electric’s electric scooter factory in Tamil Nadu is nearing completion. The first phase of production will start soon at the facility, which the company refers to as the Ola Future factory. This means the much-awaited Ola electric scooter will be rolled out soon as well.
Bhavish Aggarwal took to Twitter to share the update about the company’s electric scooter factory. He wrote, “In just 4 months, this place has transformed from acres of empty rock land to the world’s largest 2W factory. The Ola Future factory phase 1 is nearing completion! The scooters are coming soon! Great work by team @OlaElectric.”
The Ola Future factory, first announced in December 2020, is being constructed with an investment of about ₹2,400 crore. The manufacturing facility will be spread across a 500-acre site and offer an initial annual production capacity of 2 million units. Ola had previously said this factory will be both, the most automated in India and the biggest electric scooter factory in the world once it becomes operational at full capacity.