Ola Electric plans to foray into electric scooter with largest eScooter manufacturing facility
Ola, founded by Bhavish Aggarwal and Ankit Bhati, plans to foray into electric scooter manufacturing, switching gears from being a taxi aggregator to a vehicle manufacturer. It is in talks with multiple state governments for 100 acres of unencumbered land on which it plans to build the world’s largest e-scooter facility.
Currently, Japanese major Honda operates the world’s largest scooter manufacturing site in Gujarat, which turns out 1.2 million fossil fuel-powered vehicles a year. The move will pit the homegrown ride-hailing company, in which Hyundai has an investment, against Bajaj Auto, TVS and Hero MotoCorp-backed Ather Energy.
Ola’s India manufacturing plan follows its recent purchase of Netherlands-based Etergo, owner of the App Scooter electric brand. Its senior management is in discussions with four Indian states — three from the southern region and another from the western belt — to build a 2-million electric scooter capacity plant, said people in the know. Ola, in response to an e-mailed query by TOI, said it was unable to comment at this time.