Hyperdrive
Ola Plans to Build World’s Largest Electric Vehicle Hub in India
Ola Electric Mobility Pvt. electric scooters in Bengaluru.
Photographer: Samyukta Lakshmi/BloombergThis article is for subscribers only.
India’s Ola Electric Mobility Pvt. plans to build what it says will be the world’s largest electric vehicle hub with an investment of 76.1 billion rupees ($920 million) to localize the supply chain for cleaner transport.
The hub, spanning 2,000 acres (809 hectares) in the southern Indian state of Tamil Nadu, will be used for manufacturing electric two-wheelers, cars and battery cells, in addition to housing vendor and supplier parks, Ola said in a statement Friday. The Indian startup will begin mass production of cells from the hub later this year, it said.