These funds will be allocated to the expansion of Ola's EV business and the establishment of India's inaugural lithium-ion cell manufacturing facility in Krishnagiri, Tamil Nadu.
Ola Electric Registers Over 400 Percent YoY Growth in August, Ola Electric registered a total of 19,000 units in August 2023, a growth of over 400% from the 3,600 units it registered in August 2022 and more Full Detail Here at news18.com
Ola Electric has temporarily halted the production of the S1 electric scooter at its Futurefactory in Pochampalli, Tamil Nadu, to carry out scheduled plant upgradation and capacity expansion.According to a media report, Ola's Futurefactory will halt all operations from August 24 to 28, 2023.