Ola plans to foray into electric scooter manufacturing
Ola, founded by Bhavish Aggarwal and Ankit Bhati, plans to foray into electric scooter manufacturing, switching gears from being a taxi aggregator to a vehicle manufacturer. It is in talks with multiple state governments for 100 acres of unencumbered land on which it plans to build the world’s largest e-scooter facility.
Currently, Japanese major Honda operates the world’s largest scooter manufacturing site in Gujarat, which turns out 1.2 million fossil fuel-powered vehicles a year. The move will pit the homegrown ride-hailing company, in which Hyundai has an investment, against Bajaj Auto, TVS and Hero MotoCorp-backed Ather Energy.
Ola’s India manufacturing plan follows its recent purchase of Netherlands-based Etergo, owner of the App Scooter electric brand.
