Ola said the electric scooter would be class-leading in speed, range, boot space as well as technology. It would be priced aggressively to make it widely accessible and the features and exact price would be revealed in the coming days.
The scooter will be made-in-India for the world. It will be manufactured at the company’s two-wheeler factory, being built in Tamil Nadu, the company said in a release.
The company had announced INR 2,400-crore investment last year for setting up its first electric scooter factory in Tamil Nadu. The first phase of the Ola Futurefactory is nearing completion and will be operationalised soon, while the full capacity of 10 million vehicles per annum will be built by next year.
Last year, Ola Electric acquired the Amsterdam-based Etergo BV for an undisclosed amount. The acquisition is to expand its engineering and design capabilities in the electric mobility space, the company said.
When launched, the Ola electric scooter will go up against Hero MotoCorp-backed Ather Energy, Bajaj Auto and others.