SpecialArrangement
Ola founder Bhavish Aggarwal plans to build the world’s largest electric scooter plant on Bengaluru’s outskirts in the next 3 months. The plot is a 500-acre stretch.
The $330 million factory makes a mark on Aggarwal’s career. His electric scooter is already receiving attention from big names in the EV industry like Tesla Inc, Nio Inc(China).
The Ola Electric Mobility Pvt is expecting to make 10 million vehicles annually or 15% of the world’s e-scooters by the summer of 2022. Scooter sales will start abroad later this year.
“It’s a vehicle we’ve engineered ground-up so India can get a seat at the world EV table. Indian companies have the smarts and energy to leapfrog into the future of EV,” Aggarwal said in an interview.