Ola Planning to Take its Electric Scooter to the International Markets

Ola Electric is looking at taking its electric scooter to international markets this fiscal according to company Chairman Bhavish Aggarwal.

Ola Electric is looking at taking its electric scooter to international markets this financial year, including countries like France, Italy and Germany, according to company Chairman and CEO Bhavish Aggarwal. The company, which is working on setting up a ‘Hypercharger Network‘ for its electric vehicle, is slated to launch its electric scooter in India in July this year.

Wire agency PTI quoted Aggarwal saying “we are going to be launching internationally…this financial year itself, we will be selling internationally also. We start with India first but soon, we move into international markets with a focus on Europe,”

The company has however, not disclosed the details like pricing of the e-scooter, yet.

Last year, the group had announced a Rs 2,400-crore investment for setting up its first electric scooter factory in Tamil Nadu. Upon completion, the factory will create nearly 10,000 jobs and will be the world’s largest scooter manufacturing facility that will initially have an annual capacity of 2 million units.

The launch of the electric scooter is in line with Ola’s global vision of moving mobility into a more sustainable, accessible and connected future.

“We will be selling our scooters across all key markets in Europe. Key markets are the big countries especially those lying around the Mediterranean Sea, like France, Italy, even Germany is a good market. The UK is a good market, Spain is a great market,” Aggarwal said. Further adding that India is going to be the first priority given that Ola is an Indian company, but the company will also focus a lot on exports and international markets.

Aggarwal also added that the company would look at introducing electric cars as well in the future. This network, the Hypercharger Network is focused on two-wheelers. In due course, the firm will expand this network to four-wheelers also, when our four-wheeler products come out in a couple of years, the CEO was quoted.

In May last year, Ola Electric had announced the acquisition of Amsterdam-based Etergo BV for an undisclosed amount. At that time, the firm had said the acquisition of Etergo would further bolster its engineering and design capabilities in the electric mobility space.

Last month, Ola Electric had announced setting up a ‘Hypercharger Network‘ in the country that would include one lakh charging points across 400 cities.