0
0
INDIA, 22 June 2023: Ola has commenced construction of its 100GWh gigafactory in Tamil Nadu, India. The factory, which is spread across 115 acres, is expected to commence operations by early next year with an initial capacity of 5GWh. It will be scaled up to 100GWh in phases, making it one of the world’s largest cell manufacturing facilities.
OLA Gigafactory with capacity of 100GWh
The gigafactory is a major milestone in India’s electrification journey, bringing the country closer to becoming a global EV hub. Ola has also invested in cell and battery research and development and has set up one of the advanced cell R&D facilities in Bengaluru.
The factory will be located in Krishnagiri, Tamil Nadu, and will create over 10,000 jobs. It will be a major boost to the local economy and will help to attract investment from other EV companies.
Ola CEO Bhavish Aggarwal said, “This is a proud moment for us as we installed the first pillar of our gigafactory today. Our gigafactory will be a major milestone in India’s electrification journey, bringing us closer to making India a global EV hub.”
The gigafactory is a significant investment by Ola, and it demonstrates the company’s commitment to the EV market. It is also a vote of confidence in India’s potential as a global EV hub.
Key Highlights
- The Ola gigafactory is expected to produce enough cells to power over 1 million electric vehicles per year.
- The factory will use a range of advanced technologies, including automation and robotics, to ensure high quality and efficiency.
- Ola is also planning to set up an electric vehicle hub at the site of the gigafactory, which will house a range of supporting businesses, such as battery recycling and testing facilities.
