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Sources say Ola scouting for building network of charging stations in India, Europe – Business News

The ride-hailing platform is scouting for several sites in major cities in India and for creating a network of charging stations for electric two-wheelers, according to Ola sources.

The Bengaluru-based company recently announced the signing of an agreement with the Tamil Nadu government to set up its first electric scooter factory in the state.

According to private sources for development, Ola is scouting for several sites in 50 cities in India and several major locations in Europe to build a global network of charging infrastructure. He said that these strategically located setups can be used by Ola customers to fast charge their electric two-wheelers. A source said that Ola’s e-scooter will feature a removable battery, with the availability of a network of charging stations addressing any concerns around charging requirements.

An e-mail sent to Ola on the matter remained unanswered. Ola is preparing to launch its first electric scooter range in the coming months.

The new manufacturing plant – expected to be operational in a year – will invest Rs 2,400 crore by the Softbank-backed company. Upon completion, the factory will create approximately 10,000 jobs and will be the world’s largest scooter manufacturing facility, initially with an annual capacity of 2 million units.

The factory will cater to customers not only in India but also in worldwide markets including Europe, Asia and Latin America.

In May this year, Ola Electric announced the acquisition of an Amsterdam-based Erto BV for an undisclosed sum to enhance its engineering and design capabilities in the electric vehicle (EV) space. It also announced plans to employ more than 2,000 people for its electric business.

Ola Electric – EVA arm of Ola – has raised US $ 400 million in funding from Tiger Global, Matrix India, Tata Sons Chairman Emeritus Ratan Tata and others.

Ola CEO Bhavish Aggarwal has in the past spoken of aggressively focusing on the company’s global electric two-wheeler business and playing across various vehicle segments over the next few years.

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