As a nation, Ola Electric has been constantly making innovations in the field of technology. Today, Ola Electric is immensely proud to launch Ola Electric, India’s first multi-modal electric platform in Nagpur. This project was inaugurated by Shri Devendra Fadnavis, Hon’ble Chief Minister, Government of Maharashtra & Shri Nitin Gadkari, Hon’ble Minister of Road Transport, Highways & Shipping, Government of India.
Aligned with the Government’s vision of 100% electric vehicles by 2030, this project aims at building an electric mobility ecosystem at scale, including charging infrastructure and a range of vehicle fleet viz. electric cabs, e-rickshaws, electric auto-rickshaws, and electric buses. The vehicles have been procured from large OEM partners including Mahindra, Tata, Kinetic, BYD, and TVS amongst others.
Ola Electric unlocks huge opportunity for Ola to transform the mobility experience for the citizens, driver partners, and positively impact the environment and quality of life in our cities.
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A proposal to make all three-wheelers in India electric by 2023 and all two-wheelers by 2025 is currently being debated by policymakers, but is opposed by current manufacturers of the petrol-diesel versions of these vehicles.
Ola Electric claims that its mega factory will be solar and renewable energy powered. In terms of employment, Ola Electric says that over 10,000 jobs will be created through this new facility while vendors and suppliers will creating some additional jobs. With these overwhelming numbers, Ola Electric claims that at full capacity, its ‘FutureFactory’ will have one electric scooter rolling off the production lines every 2 seconds.
Ola Electric cooperates with vehicle and battery manufacturers, cities, driver-partners, and the mobility ecosystem, The company aims to improve the convenience of electric vehicles and make them more affordable to a wide range of people.
What is Ola Electric’s near-term, and long-term plan?
About two years ago, Ola decided that it wanted to experiment with electric mobility. If there was a way for Ola to make cleaner kilometers viable, we would like to see that happen.
Ola Electric was set up to make the Nagpur pilot possible. We spent over a year or so understanding what was working, and not working, in making electric cabs viable at scale. About a year ago we doubled down on that and decided that we are well placed to be an early mover in bringing electric vehicles on the road, in India at least. We decided to put more resources into electrification.
Ola Electric plan is to figure out how to make electric mobility viable in the immediate term, and in the long term; how do we make sure that we can trigger electric vehicle growth in all markets we work in globally, whether it is two-wheelers, three-wheelers or four-wheelers. We certainly think that the world is moving towards electric vehicles quickly, and it is important for us as a business, as well as an opportunity, to be prepared for that shift.
Ola Electric has revealed some key details about its upcoming mega factory. The said facility will have an annual capacity of 10 million units and will be ready by the year 2022. Moreover, phase 1 of the factory will be ready by June 2021, and by this time, the factory will have an annual capacity of 2 million units. That said, this is the same time during which you can expect Ola Electric to launch its electric scooter in India that will go on to rival the likes of Ather 450X, Bajaj Chetak and TVS iQube.
The company announced a ₹2400 crore MoU with the Tamil Nadu government in December 2020 and rapidly completed land acquisition in January this year. The company is racing ahead to operationalise its factory in the next few months. An estimated more than 10 million man-hours have been planned to bring the factory up in record time, with the first phase becoming operational in the coming months.
Through this entire process, Ola is maintaining its strong focus on sustainability. The company has ensured the conservation of the green belt in the area by preserving and transplanting the trees on site. Ola plans to have a large forest area within the site and reuse the excavated soil and rocks within the factory.