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Ola Electric enters Nepal; S1 Pro launch by the end of this year.
After Nepal, Ola Electric plans to enter Latin America, ASEAN (Southeast Asian Nations), and Europe.
EV maker Ola Electric today announced its plan for the international markets. Ola Electric is beginning its international journey with the neighboring country Nepal.
Ola Electric has signed an MoU with Nepal-based CG Motors to launch electric scooters. CG motors will be Ola’s local distributor for S1 and S1 Pro electric scooters in Nepal. The scooters will be available in Nepal by the end of this year.
The company also announced its plan for other international markets. After Nepal, Ola Electric plans to enter Latin America, ASEAN (Southeast Asian Nations), and Europe.
CEO of Ola Electric, Bhavish Aggarwal, shared this news on Twitter and said that the World’s EV transition will be led by India!
He also said: The global EV revolution so far has been limited to the West and China. To truly take the EV revolution to humanity scale, India will have to be the epicenter of change. Ola is committed to creating the EV paradigm for the rest of the world by building half of the vehicles that the world needs right here in India. Our international expansion not only means that we will as a company be able to serve customers in these similar regions, but it is also a testament to the fact that India will lead the EV revolution for the world.
Ola Electric recently revealed its plan to build India’s largest EV ecosystem. The company is on the way to becoming a vertically integrated mobility company that will have complete control over overall end-to-end manufacturing.
The company recently unveiled its electric car and Li-ion cell manufacturing projects. Ola is building a car manufacturing plant and a Li-Ion cell manufacturing plant in India.
The upcoming car manufacturing plant will have the capacity to produce 10 lakh cars per year. It will be India’s largest integrated and automated manufacturing plant.
Ola is also the only Indian EV company selected by the government under its ambitious Rs 80,000 crore cell PLI scheme to manufacture Li-ion cells.
Ola’s cell plant will be India’s largest Lithium-Ion cell manufacturing plant, with a capacity of 100GWh. This plant will be spread across 100 acres of land and will produce four different cell variants. The production is expected to begin next year.
The Ola Electric EV ecosystem at its full scale will produce:
- 10 lakh electric cars
- One crore electric two-wheelers
- 100 GWh cell per year