Ola Electric, the electric mobility company, has officially commenced the construction of its highly anticipated Gigafactory facility on June 21, 2023. In a momentous event, the company organized a ceremony to mark the occasion, and a captivating video capturing the installation of the first pillar was shared on its official Instagram account.
Spanning an impressive 115 acres, the forthcoming Ola Electric Gigafactory will augment the manufacturing capacity of the company’s initial production hub, known as Futurefactory. Optimistic about the timeline, Ola Electric aims to achieve full operational capacity of the Gigafactory by early 2024.
Building upon its remarkable success in swiftly constructing the expansive 500-acre Futurefactory and initiating manufacturing operations at the first facility, Ola Electric exhibits the determination to meet its targets. To further captivate the attention of riders and potential customers in India, Ola CEO Bhavish Aggarwal has been teasing the imminent launch of the S1 electric scooter, scheduled for July.
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While Ola Electric flourishes in tandem with India’s electrification drive, the company faces some challenges. A glance at Ola’s social media platforms unveils a range of customer feedback, including complaints about service and products received, expressed in various languages. Nevertheless, Ola Electric demonstrates commendable responsiveness by promptly addressing these concerns and urging customers to provide their order IDs for swift resolution.
Initially focusing on electric two-wheelers, Ola Electric garnered international attention in February 2023 when it unveiled plans to invest a substantial $920 million in the production of electric cars and batteries. All vehicles, encompassing both two-wheeled and four-wheeled models, will be manufactured in Tamil Nadu.
Upon reaching full production capacity, Ola Electric aims to manufacture an impressive volume of 140,000 electric cars annually. In late 2022, the company expressed interest in expanding beyond India’s lucrative electric vehicle market, eyeing potential future markets in neighboring Nepal, Southeast Asia, Latin America, and the European Union.
The path ahead remains uncertain, but Ola Electric confidently embraces its current mantra, #EndICEAge, emphasizing the transition away from internal combustion engines. As developments continue to unfold, we will diligently report on Ola Electric’s progress.
