
The big electric scooter battle
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 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.
In the first episode of the fortnightly show ‘Biz Buzz’, with Hero Electric’s MD Naveen Munjal as our special guest, we discuss the likely disruption in India’s e-scooter space, and the way forward.
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.
These are rough times for the auto industry grappling with falling sales and the shift to BS VI emission norms. Automakers feel that two trends can spark a revival—connectivity and electric mobility.
Ola’s electric mobility arm has become India’s newest unicorn following an investment of $250 million from SoftBank.
The company has a charter to develop platforms and infrastructure to make electric mobility a reality at scale.