The OLA S1 electric scooter, Ola Electric’s first offering, has passed the one lakh mark. Bhavish Aggarwal is the co-founder and CEO at Ola Electric. He shared images of the 100,000th vehicle on Twitter. The white Ola rolls off of the assembly line, surrounded by a female workforce. Ola’s future plant in Krishnagiri, Tamil Nadu produces the locally-built electric scooter.
After bookings opened in July, Ola Electric received more than 15,000 orders for its S1 e-scooter. It took the company 10 months to reach this production milestone. Due to supply chain disruptions in the industry Ola also experienced production delays and long waiting periods. The company appears to have improved production at its facility.
Bhavish Aggarwal, who spoke at the Ola S1 Air launch last week, said that the company had increased production and now produces more than 1,000 vehicles per day.
Aggarwal stated, “We have sold upwards to lakh units (since August last year when the company entered the electric two-wheeler market). We have a lot of momentum. The future factory is already producing over 1,000 units per day. It will be significantly scaled up beyond that.”
He said, “We believe that within the next six-to-eight months we will exhaust (current) installed capacities and we are also expanding our capacity at the future factory.”
Ola Future Factory has the capacity to produce two million units every ear. The plant can produce 10 million electric two-wheelers annually once it is fully operational. In the future, the plant will produce newer models as well as the highly anticipated Ola electric car which is due to arrive in 2024.