Etergo AppScooter

Ola Electric acquires Etergo, looks like we’ll see a version of the AppScooter some time next year

Etergo AppScooter:

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Ola electric to set up an electric scooter manufacturing plant with an annual capacity of 2 million units. They are currently in talks with different state governments (Karnataka, Tamilnadu, AP, and Maharashtra) for the plant. The facility is proposed to be established on a 100-acre land and is envisaged to be state-of-the-art, use solar energy, and have a zero-effluent footprint.

Good to see more models and electric vehicle factories being set up in the country. With Ather production to come up online soon, Bajaj’s 0.5 million plant and Ola electric’s 2 million plant, customers will have good choices and actual product availability for electric vehicles. Hopefully, these will come to fruition in the next 1-2 years as planned and forces the traditional companies like Hero, TVS, Honda, Yamaha and Suzuki to develop electric 2 wheelers.

Source:

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Ola Electric just announced that they will set up the world’s largest scooter factory with an annual capacity of 2 million units per year in Tamilnadu with an investment of Rs 2,400 crores. Ola plans to sell the electric scooters in Europe, Asia and Latin American markets in addition to India.