# Ola Electric Starts Construction On New Gigafactory Facility In India
On June 21, 2023, Ola Electric announced that it was beginning the construction of its new Gigafactory facility in Tamil Nadu, India. To commemorate this milestone, the company held a ceremony and shared a video of the installation of the first pillar of the new construction on its official Instagram account.
Once completed, the new Ola Electric Gigafactory facility will cover an area of 115 acres and will add to the manufacturing capacity of the company’s first manufacturing hub called Futurefactory. The company aims to have the Gigafactory fully operational by early 2024 if everything goes according to plan. Given Ola Electric’s track record of building the 500-acre Futurefactory and quickly starting manufacturing operations, achieving this goal seems feasible.
In addition to the Gigafactory construction, Ola Electric has been keeping itself in the news with the upcoming launch of its new S1 electric scooter, which its CEO Bhavish Aggarwal has been teasing. This, along with its impressive manufacturing expansion plans, will help the company maintain its position and attract more riders and potential customers in India.
However, Ola Electric also faces challenges as it continues its growth in line with India’s electrification goals. The company’s social media channels reveal some customer complaints about its services and products, although the company promptly responds to these comments with direct messages, promising to address the issues.
While the company initially focused on electric two-wheelers, it also made headlines in February 2023 when it announced plans to invest $920 million in the production of its own electric cars and batteries. All of these vehicles, including two-wheeled and four-wheeled ones, will be manufactured in Tamil Nadu. Ola Electric aims to produce 140,000 electric cars per year once it reaches full production capacity. Furthermore, the company has expressed interest in expanding beyond India’s EV market and exploring opportunities in neighboring countries like Nepal, Southeast Asia, Latin America, and the European Union.
Ola Electric’s current hashtag of choice is #EndICEAge, underscoring its commitment to replacing internal combustion engines with electric vehicles. As the company’s journey continues, we will provide updates on any future developments.
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