The high-profile Ola founder, Bhavish Aggarwal hopes to erect the world’s largest electric scooter plant on Bangalore’s outskirts within the next 12 weeks, cranking out about 2 million a year — a landmark for one of India’s largest startups. Bhavish Aggarwal on Monday, March 8, tweeted the pictures and video of Ola Future Factory, which he says will be the largest two-wheeler plant in the world.
With an annual capacity of 10 million units, the 10 production lines at the plant are expected to grind out 1 scooter every 2 seconds, at full capacity. The facility, located in Krishnagiri, Tamil Nadu, when ready will manufacture 10 million e-scooters every year. Ola will invest around Rs 2,000 crore in the plant. With an aim to put Ola electric vehicles (EVs) on the global map, the Bengaluru-based firm is mulling to begin production as early as June. Set up in 2017, Ola Electric had become a unicorn within one year of its inception. Ola Electric is the EV arm of transportation platform Ola (ANI Technologies Pvt. Ltd.). While the company will begin with manufacturing scooters at the facility, it will also establish separate plants for four-wheelers as well as motorcycles.