In the next phase, Ola will explore entry into LATAM and ASEAN countries.
As it continues its efforts to bring its homeland operation on the straight and narrow, Ola Electric is also making its presence felt worldwide. The company showcased its range of S1 electric scooters at EICMA 2022 in Milan, giving attendees a preview of what’s to come. Because Ola has also announced plans to begin exports to Europe by the first quarter of 2023.
The company has been scaling up production at its Futurefactory in Tamil Nadu, and it claims to be producing 1,000 scooters per day at the moment. Its first international foray will be in the form of an expansion to Nepal, and the next step is going to be Europe. Ola says it is in talks with local partners to make this happen, and in the next phase of expansion, it will explore entry into LATAM and ASEAN countries.
Bhavish Aggarwal, Founder and CEO, said, “Since embarking on our journey towards electrification of India, we have unlocked the potential of EVs in our country by offering customers a much superior product and experience than what any petrol alternative can offer. This milestone is just the beginning. The next 1 lakh will be in half this time as the transition to EVs gathers even more pace. India is closer towards making Mission Electric a reality than ever before.”