NEW DELHI: Ola Electric said on Thursday that it will introduce its electric scooter to the Indian market in July this year, and is working to create a “Hypercharger Network” to include a single charging point in 400 cities.
Last year, Ola announced an investment of 2.4 billion to construct its first electric bike factory in Tamil Nadu. When completed, the plant will create nearly 10,000 jobs and be the largest scooter manufacturing facility in the world, initially with an annual capacity of 2 million units.
“We will take out the plant in June, which will have the capacity to manufacture two million units, and then we will increase over the next 12 months, after the plant is established . The sale will also start at the same time.” Bhavish Aggarwal, President and CEO of Ola, said: “The time has come, the plant will be completed in June, and sales will begin in July.”
The launch of the electric scooter aligns with Ola’s global vision of moving mobility towards a more sustainable, accessible and connected future.
The company has yet to disclose details such as the price of the e-scooter.
“To achieve the adoption of electric vehicles, a strong charging network is required. Today, one of the major gaps in the infrastructure of our country is the charging network . (We have) a network of superchargers that will be a larger network for the fast charging of two-wheeled bicycles (in) 400 City and town and we will build more than 100,000 charging points as part of this network. ”
In the first year, Ola installed more than 5,000 charging points in 100 cities in India.
The network will charge 50% of the Ola Scooter’s battery in 18 minutes for a range of 75 km.
These charging stations will be deployed as stand-alone towers, as well as in popular locations such as shopping malls, IT parks, office complexes, and cafes to ensure that Ola Electric customers always have a charging point nearby.
Ola is building the Ola Hypercharger network with its partners. Customers will be able to monitor fee progress in real time in the Ola Electric app and will also seamlessly pay fees through the app.
The Ola Scooter will include a home charger that will not require any installation and will allow customers to charge their car at home by plugging it into a regular wall socket for charging.
When asked about the impact of the COVID pandemic, Aggarwal said there hasn’t been much disruption yet.
“With the development of the next few weeks, things could change, but so far, we do not expect any major disruption to our plant or roll out of the shipping network,” he said, adding that the company was able to manage supply restrictions. Better because you are building some of the components yourself.
While Aggarwal did not comment on the investment being made to create the shipping infrastructure, he said it would invest “a significant amount by ourselves and with our partners”.
“Together, the ecosystem will invest about two billion dollars in this for five years over five years,” he added.
In the cabin assembly business, Aggarwal said the mobility business has made a good recovery.
“Obviously the second wave has arrived and we are dealing with it. But our international business is doing well in the Commonwealth countries, and those countries have recovered well. Other businesses, the financial services business is also growing very well.
“We are one of the pioneers of micro insurance, microcredit, etc., and that’s growing well. So we’re also very passionate about our consumer internet business.”
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