Ola Electric Begins Construction of 100GWh Gigafactory in Tamil Nadu
- ByStartupStory | June 22, 2023
Ola Electric, the electric mobility subsidiary of Ola, today announced the commencement of construction of its 100GWh gigafactory in Krishnagiri, Tamil Nadu. The factory, which is spread across 115 acres, is expected to be operational by early next year and will have an initial capacity of 5GWh, which will be further expanded in phases to 100GWh at full capacity.
The gigafactory will be one of the largest battery cell manufacturing facilities in the world, and will be a major milestone in India’s electrification journey. It will help to reduce India’s dependence on imports for battery cells, and will also create jobs in the EV ecosystem.
Speaking on the occasion, Bhavish Aggarwal, Founder and CEO, Ola said, “The commencement of construction of our gigafactory is a major milestone for Ola Electric. This is a significant investment in the future of mobility, and will help us to accelerate the adoption of electric vehicles in India. We are committed to making India a global EV hub, and this gigafactory is a key step in that direction.”
The gigafactory will be equipped with state-of-the-art manufacturing technology, and will use advanced cell chemistries. It will also have a research and development (R&D) centre, which will focus on developing new battery technologies.
The construction of the gigafactory is expected to create over 10,000 jobs, and will also help to boost the local economy. Ola Electric is also working with the Tamil Nadu government to set up an EV ecosystem in the state, which will include battery recycling and other ancillary industries.
The commencement of construction of the gigafactory is a major boost for the Indian EV industry. It is a sign that India is serious about its commitment to the electrification of transportation, and that it is ready to take on the global leadership in this space.
The Ola gigafactory is a major milestone in India’s electrification journey. It is a sign that India is serious about its commitment to the electrification of transportation, and that it is ready to take on the global leadership in this space.
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