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Ola plans to invest $2 billion in TN two-wheeler factory - The Hindu BusinessLine


‘Future Factory’ will be able to produce 10 million electric scooters per year
Tucked away at the foothills of a line-up of rocky hills, after a 150-km drive from Bengaluru towards Chennai, one can spot dozens of bulldozers levelling a 500-acre land where construction workers will soon start building the world’s largest two-wheeler factory.
Once completed, Ola ‘Future Factory,’ the brainchild of Bhavish Aggarwal, the pioneer of the ride-hailing company in India, Ola Mobility, will be able to produce 10 million electric scooters per year. Ola Electric, a sister company of Ola Mobility, expects to invest about $2 billion for the entire project. For the first phase of the project which is expected to be completed by June this year, Ola will invest around ₹2,000 crore. About 2 million scooter units are expected to roll out of the project once the first phase is completed. ....

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