The company is setting up over 5,000 charging points across 100 cities in India in the first year
Ola Electric is all set to advance its efforts to electrify mobility in India, and in a similar sentiment has announced the launch of its branded electric scooter in the home market in July this year. In addition to that, the company is also looking to set up one lakh charging points across 400 cities through a ‘Hypercharger Network’.
Ola Chairman and Group CEO Bhavish Aggarwal said, “To get adoption of electric vehicles, a strong charging network is required. Today, one of the key infrastructure gaps in our country is a charging network…(Our) Hypercharger Network will be the largest fast-charging network for two-wheelers…(across) 400 cities and towns and we will be building more than 1,00,000 charging points as part of this network.”
Ola and its partners have teamed up to build the Ola Hypercharger network. The company is setting up over 5,000 charging points across 100 cities in India in the first year. These charging stations will be deployed as stand-alone towers as well as in popular locations such as malls, IT parks, office complexes and cafes to ensure that Ola Electric customers always have a charging point nearby. The network will charge 50 per cent of the Ola Scooter battery in 18 minutes for a 75 kms range.
The Ola Scooter will include a home charger that will require no installation and will allow customers to charge their vehicle at home by plugging it into a regular wall socket for charging. The pricing of the scooter has not been revealed by Ola.
Earlier, Ola had announced that it is developing the world’s largest scooter manufacturing facility in Tamil Nadu with an investment of Rs 2,400 crore which, upon completion, will initially have an annual capacity of 2 million units.
“We will put out the factory by June, which will have the capacity to manufacture 2 million units and then we’ll ramp up – over the next 12 months – after the factory is set up…the sale will also start at the same time, so the factory gets completed in June, sale starts in July.” Aggarwal informed.
Talking about the investments made into the development of the charging infrastructure, Aggarwal said, “Together, the ecosystem (partners and company) will be investing over five years about USD 2 billion into this over five years.”
