Electric automobile manufacturing firm Ola Electric has declared on Thursday ,22nd December 2022 that it has been focusing on the manufacturing the commercial vehicles along with the two-wheeled and four-wheeled electric vehicles and the company focuses to set its foot into the market with the launch of such vehicles in a year.
The above statement was made by the Co-founder of the company Mr Bhavish Agarwal.
In addition to the above statement, the Co-founder further added to his statement that in the next 12 months, the company facilitates to provide more announcements related to the existing products manufactured including the electric motorcycles, four-wheeled light motor vehicles and scooters.
He also said that the company has several teams working on various projects of manufacturing electric commercial vehicles using exactly same type of software, electronics and cells used in the manufacturing of the existing products manufactured by the company.
According to the reports, the company plans to launch electric vehicles below 3.5 tons of gross weight under affordable rates. Thus, the electric vehicles manufacturing company focuses on redesigning the vehicles to manage the cost and worth of its products as compared to its competitors.
The Plans of Ola Electric in Expanding its Business
The company also wishes to manufacture its own electric battery cells which, the company reported that it will begin by the end of the year 2023.
The company wishes to be the world’s leading electric vehicle manufacturing Ola Electric is planning to expand its business in the different geographical regions of the world including in the European Continent, the Southeast Asian countries and the Latin America.
Whereas, the company has already established its roots in Nepal and Italy and has said that the company’s newly launched third electric scooter Ola S1 Air to be available in these countries by the end of the year 2023.
About the Company Ola Electric
The India-based Electric Motor vehicle developing company Ola Electric was established by the Co-founders Bhavish Agarwal and Anand Shah in the year 2017. The company headquarter is situated in Bengaluru and its production units are located in Krishnanagari, Tamil Nadu.
The company offers the manufacturing and distribution of the electric vehicles, Charging solutions and Electric batteries. The products manufactured by the company are Ola S1, Ola S1 Air and Ola S1 Pro.
Photo Credit-The Financial Express
- Enzene Biosciences Ltd Secures $50M from its Parent Company and Other Investors - January 30, 2023
- Zoho’s Financial Gains for the Fiscal Year 22 Reach Beyond Rs 2700 Cr - January 29, 2023
- D’chicha Bags an Amount of Rs 1.62 Cr from Velocity - January 27, 2023