The worlds leading mobility platform Ola announced to invest approximately $631 million in India to set up worlds largest scooter manufacturing facility. The worlds largest scooter manufacturing facility will create almost 10,000 jobs in India.
- The new facility will initially have an annual capacity of 2 million units.
The factory will produce Olas upcoming range of two wheeler products starting with Olas electric scooter.
- The factory will also galvanize Indias electric vehicle (EV) ecosystem and establish India as a key player in the EV manufacturing space.
In Dec 2020, Ola, announced that it will bring its electric 2 wheeler range of products to New Zealand. The introduction of Olas electric scooters will help support the New Zealand governments goal of on-roading 64,000 new electric vehicles by the end of 2021, while also helping the public sector become carbon neutral by 2025.
In July 2020, Ola, had entered into a strategic partnership with PhonePe, Indias leading payments platform. With this integration, Ola users can now enjoy a seamless and superlative payment experience on the Ola app. Millions of Olas customers across the country can now pay for their ride using PhonePe.
In May 2020, Ola Electric Mobility Pvt Ltd (Ola Electric) announced the acquisition of Etergo BV, an innovative electric scooter OEM, based out of Amsterdam, the Netherlands. With this acquisition, Ola Electric has also announced its entry into the premium electric two-wheeler market, both globally and nationally.
Founded in 2014, Etergo has developed an all-electric state-of-the-art AppScooter, which has won multiple awards across the world for its innovative design and engineering at CES 2019 and Automotive Brand Contest, Germany amongst others. First revealed in 2018, the AppScooter uses swappable high energy density batteries to deliver a range up to 240km and class-leading acceleration.
Ola, headquartered in Bengaluru, India, is worlds leading mobility platform and one of the worlds largest ride-hailing companies. The companys mobility offering is supplemented by its electric-vehicle arm, Ola Electric and Ola Fleet Technologies. The company also involves in micro-insurance and credit led payments through Ola Financial Services. The company offers food services through a range of owned food brands with Indias largest network of cloud kitchens through Ola Foods.
The Ola app offers mobility solutions by connecting customers to drivers and a wide range of vehicles across bikes, auto-rickshaws, metered taxis, and cabs. The company provides service in more than 250 cities across India, Australia, New Zealand, and the UK including key global markets like London and Sydney.