Oh-la la… Ola!
The integrated Ola electric scooter manufacturing facility spread over 500 acres at Hosur, Tamil Nadu will house production areas for batteries, motors, paint shop, welding, general assembly, finished goods… and also two supplier parks. The plant will have its own test track.
The description of Ola’s electric scooter project by promoter Bhavish Aggarwal is so impressive: a capacity of 10 million electric scooters. A single, completely automated plant. Great resort to artificial intelligence (AI). Swedish industrial giant ABB providing a tech system with over 3000 robots and automated guide vehicles. Siemens’ Digital Enterprise software to optimise factory layout. Investment of Rs 2400 crore.
Aggarwal has been working at great speed. The MoU was signed in December 2020 and the land was taken possession within weeks. Production targeted to commence mid 2021.
Ola acquired Netherland’s Etergo company last year. Etergo’s electric scooter is powered by a swappable high-energy-density battery and claimed to be capable of running 240 km on a single charge.
The promoters have attracted handsome support from Ratan Tata, Pawan Munjal (Hero MotoCorp), Hyundai and Kia Motors and SoftBank of Japan among others.
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