Ola could launch electric scooters soon as its Futurefactory is almost complete

Date:
Mon, 28 Jun 2021 06:53:17 +0000

Description:
Ola's Futurefactory has a capacity of making 2 million scooters a year. The company is also setting up a 'Hypercharger Network' to include one lakh charging points across 400 cities.

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When it comes to giving a push to the adoption of electric vehicles in the country, we need a major brand to introduce affordable battery-powered two-wheelers. While Ather and Bajaj are doing their bit, their electric scooters are priced at a premium.

Ola Group which last year announced its first electric scooter facility in Tamil Nadu that could change the market dynamics. Its CEO Bhavish Aggarwal
has now revealed that phase 1 of the Rs 2,400-crore Futurefactory is now almost complete and the company is planning to start rolling out scooters
from it, soon.

According to Aggarwal, this is the worlds largest two-wheeler factory and has taken just 4 months to get ready. He said, In just 4 months, this place has transformed from acres of empty rock land to the worlds largest 2W factory. The Ola Futurefactory phase 1 is nearing completion! The scooters are coming soon. Indian States vie with each other on EV policy and incentives -
Gujarat, the latest India plans fresh incentives to woo electric automakers

Once completed this factory is expected to create over 10,000 jobs and will have a production capacity of over 2 million scooters every year. Just a few days back, Aggarwal teased an image of the upcoming scooter and asked his Twitter follower base about their preferred colour options. He also confirmed that the black colour has already been finalized. Time to order some paint! What color would you like on the Ola Scooter? Already got you covered for Black! What else? @OlaElectric pic.twitter.com/NXMftKJrrq June 24, 2021 See more

The teaser image shared by him reveals the front design of the scooter and shows that the new electric scooter will be available in a dual-tone finish and will have a unique twin headlamp cluster surrounded by LED daytime
running lamps.

The design, however, is similar to the AppScooter from Etergo BV, the company Ola acquired back in May last year. Now these India-made scooters will cater to the domestic market and are also expected to be made available in markets like Europe, UK, Latin America, Asia Pacific, Australia, and New Zealand by the end of the year. Ecosystem and affordable pricing

Apart from the scooter itself, the company is looking to set up a
Hypercharger network and is promising the installation of 100,000 charging stations in 400 cities and towns across the country. Out of these, the
company plans to install 5000 charging points within this year.

The scooter is expected to come with a range of 150 Kms when fully charged
and the fast charger is expected to top up from 0 to 50% in just 18 minutes offering a range of 75 Kms. While the scooter will come with a home charger, Ola setting up the Hypercharger Network will help the company once it
launches electric four-wheelers as well.

Ola is yet to announce the retail price of this scooter; however, it is said to be one of the most affordable and stylish electric scooters in the
country. With the new FAME II electric vehicle policy in place, the incentive on Electric Scooters has been increased to Rs. 15,000 per kWh from an earlier Rs 10,000 per kWh.

At an expected price point of Sub-Rs. 100,000, the Ola scooters will take on the competition like the Ather 450X, Bajaj Chetak and TVS iQube etc. However, the massive production capacity and plans will offer Ola an upper hand in
both supply and competitive pricing. Hero and Gogoro form JV for electric vehicles in India

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Link to news story: https://www.techradar.com/news/ola-could-launch-electric-scooters-soon-as-its- futurefactory-is-almost-complete/


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