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Startups

Ola readies largest-ever e-motorbike plant with global ambitions

Indian unicorn to leverage massive facility to become 'Tesla of two-wheelers'

Ola says its e-motorbike factory in Tamil Nadu will produce 10 million units a year and will roll out a product every two seconds at full capacity of the plant. (Photo courtesy of the company)

MUMBAI -- Indian ride-hailing service Ola, one of the country's largest startups, is readying a 10-million-units-per-year electric motorcycle manufacturing facility in south India with the ambition of joining the ranks of leading players like U.S.-based Tesla and China's Nio in the e-mobility space.

Built with an investment of 24 billion rupees ($332 million), the factory will serve as "the company's global manufacturing hub for its range of electric-powered scooters and two-wheelers [for] across India and international markets including Europe, UK, Latin America, Asia Pacific, Australia and New Zealand," Ola said in a statement.

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