Ola in talks with states for land to set up cell, electric car factories
Mobility giant Ola Electric is scouting for land to set up its cell and electric car factories and is in talks with multiple states, sources said.
Ola Electric needs 1,000 acres of land to set up its cell gigafactory and electric car factory which is expected to attract an investment of Rs 10,000 crore.
Some states are already vying, sources aware of the matter said.
Ola Electric’s four-wheeler ambitions are taking a serious shape with some concept designs almost ready.
It is in talks with governments of Uttar Pradesh, Maharashtra, Gujarat, Karnataka, Tamil Nadu, and Telangana for land acquisition, they said adding the company is likely to finalize it as early as next month.
