Ola Electric is planning to build India’s largest EV ecosystem.
The Ola Electric EV ecosystem at its full scale will produce 10 lakh electric cars, one crore electric two-wheelers, and 100 GWh cells per year.
Ola Electric has revealed its plans to build India’s largest EV ecosystem. Not only electric two-wheelers, but the company is also developing electric four-wheelers and Lithium-ion cells.
On 15th August, Ola Electric announced that it would launch its first electric car in 2024. The company will launch six different models of the car. It will have a range of more than 500 km and will accelerate from 0-100 km/h in under four seconds.
To develop the country’s largest electric vehice ecosystem Ola Electric is building a car manufacturing plant and a Li-Ion cell manufacturing plant. Currently, the company’s Future factory in Krishnagiri, Tamil Nadu produces electric two-wheelers, and after being fully complete, it will be the world’s largest two-wheeler factory.
The upcoming car manufacturing plant will be spread across 200 acres of land and will have a capacity to produce 10 lakh cars per year. It will be India’s largest integrated and automated manufacturing plant.
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. Ola also got the PLI scheme approval from the MHI.
The Ola Electric EV ecosystem at its full scale will produce:
- 10 lakh electric cars
- 1 crore electric two-wheelers
- 100 GWh cell per year
Ola is also building a state-of-the-art EV cell R&D facility known as Battery Innovation Center (BIC) in Bangalore. The company is investing $500mn (almost ₹4000 crores) to build this R&D unit. More than 500 engineers and PhDs will work here to make the EV cell more advanced and efficient.