“If you are in a disruptive industry, businesses don’t scale in a linear way. There comes a moment when you have the right product at the right price point with the right value proposition."
The electric vehicles manufacturer will utilise the fundings to accelerate its development of other vehicle platforms such as electric motorbikes, mass-market scooters and electric cars.
Elon Musk's Tesla will imminently have a new competitor in India. Ola, a name synonymous in India with mobility, will be rolling out its electric car by 2023.
This is the best scooter ever made, and not just the best e-scooter, Ola's chairman and group CEO Bhavish Aggarwal said.
Ola Electric has plans for a mega facility that will make one e-scooter every two seconds. But before Ola conquers the world, it has to contend with local rivals and India’s anaemic EV sales.
Ola chairman and group CEO Bhavish Aggarwal discusses his bold, big bet on e-scooters in an exclusive interview with Fortune India.
Ola Electric is seeking to disrupt the e-scooter market with its mega factory in Tamil Nadu. This could accelerate the shift to electric vehicles and shake up the EV market in India.
Ola is expanding into the EV space with an electric scooter factory in Tamil Nadu, where it will deploy ABB's robots. But it will face stiff competition from top players in the EV space.
Ride-hailing company will initially induct 10,000 e-rickshaws and electric auto-rickshaws into its service across three Indian cities over the next 12 months.
