Softbank-backed Ola Electric Mobility wants to be India's Tesla, affordably

Softbank-backed Ola Electric Mobility wants to be India's Tesla, affordably

Ola founder Bhavish Aggarwal. Photo: Bloomberg

On around 500 acres in Tamil Nadu’s Krishnagiri district, Ola Electric Mobility Pvt Ltd is building what it calls a ‘Future Factory’, which when fully ready will produce 10 million e-scooters annually, making it the largest two-wheeler maker globally.

Given that the land – 260 acres for the plant and 240 acres for two supplier parks – is still in excavation mode, the Bengaluru-headquartered firm has a somewhat audacious plan to start production in the first phase, as early as June. The first phase itself will produce 2 million units, which will be retailed in India and exported.

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