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.
