Ola is going to revolutionise the EV market of India ⚡️
Here's how the master plan of Bhavesh Aggarwal will make this revolution possible 👇
@Olacabs @OlaElectric @bhash #olaelectric
Here's how the master plan of Bhavesh Aggarwal will make this revolution possible 👇
@Olacabs @OlaElectric @bhash #olaelectric
1/ Introduction
We all know Ola as the biggest Cab Service provider in the country. But little do we know that Ola has started to work on creating the most Affordable, Reliable, and Environment-friendly scooters in the world.
We all know Ola as the biggest Cab Service provider in the country. But little do we know that Ola has started to work on creating the most Affordable, Reliable, and Environment-friendly scooters in the world.
2/ The Master Plan
Ola has bought 500 acres of barren land in Tamil Nadu’s Krishnagiri. And they plan on converting that land into a Mega factory which will produce 10 million(1 crore) electric scooters annually.
Every two seconds an E-scooter will be created! 😮
Ola has bought 500 acres of barren land in Tamil Nadu’s Krishnagiri. And they plan on converting that land into a Mega factory which will produce 10 million(1 crore) electric scooters annually.
Every two seconds an E-scooter will be created! 😮
3/
This will be 20 per cent of the current global two-wheeler capacity.
Ola is well aware of the needs of the common people of the country. The total units of two-wheelers sold in 2020 were around 17.4 million(17,400,00). And these numbers will keep on increasing as the demand
This will be 20 per cent of the current global two-wheeler capacity.
Ola is well aware of the needs of the common people of the country. The total units of two-wheelers sold in 2020 were around 17.4 million(17,400,00). And these numbers will keep on increasing as the demand
4/
This factory will create every scooter from scratch!
Each and every part will be created and assembled inside the factory. This is the first time in the country people will witness a product solely made in India for the Indians. This will also make the scooter price affordable
This factory will create every scooter from scratch!
Each and every part will be created and assembled inside the factory. This is the first time in the country people will witness a product solely made in India for the Indians. This will also make the scooter price affordable
5/ Benefits
▪️ The project will create around 10,000 jobs for the youth.
▪️ These scooters will be sold all around the globe which will increase the "Goods export" value.
▪️ The production is completely environment-friendly and Ola is also creating a green belt around the site
▪️ The project will create around 10,000 jobs for the youth.
▪️ These scooters will be sold all around the globe which will increase the "Goods export" value.
▪️ The production is completely environment-friendly and Ola is also creating a green belt around the site
6/ Investment
The ambitious project is backed by the likes of Legendary Ratan tata, Softbank and Tiger Global.
Softbank invested $250 million (18,500,000,000 rupees) in Series B.
Ola even acquired Amsterdam-based EV startup Etergo in May 2020.
The ambitious project is backed by the likes of Legendary Ratan tata, Softbank and Tiger Global.
Softbank invested $250 million (18,500,000,000 rupees) in Series B.
Ola even acquired Amsterdam-based EV startup Etergo in May 2020.
7/ OutCome
With the CO2 level increasing steadily all around the globe. The world needs more and more EVs. And this is the perfect start of India. It will add value in both economic and environmental ways.
Hats off to Ola & the team.
Make in India - Made for the world 🇮🇳
With the CO2 level increasing steadily all around the globe. The world needs more and more EVs. And this is the perfect start of India. It will add value in both economic and environmental ways.
Hats off to Ola & the team.
Make in India - Made for the world 🇮🇳
About me
I'm a college student who writes threads/posts about Startups and tech weekly to keep you all updated and curious.
Like, Retweet and follow if you learned something new and interesting.
Follow -> @prcWrites
I'm a college student who writes threads/posts about Startups and tech weekly to keep you all updated and curious.
Like, Retweet and follow if you learned something new and interesting.
Follow -> @prcWrites
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