Ola Electric on Thursday revealed its plans to set up the world’s largest electric two-wheeler charging network. SoftBank-backed Ola Electric plans to provide charging solutions to all its electric two-wheeler customers. It unveiled the Ola Hypercharger Network, the charging network for its upcoming two-wheeler products starting with the Ola Scooter to be launched in the coming months.
The Ola Hypercharger Network will be the widest and densest electric two-wheeler charging network in the world, with more than 100,000 charging points across 400 cities. In the first year alone, Ola is setting up over 5,000 charging points across 100 cities in India, more than double the existing charging infrastructure in the country. Ola along with its partners would set it up at an estimated cost of $2 billion over a period of five years.
“For us to ensure aggressive and large scale adoption of electric vehicles, a strong charging network is required,” said Bhavish Aggarwal, chairman and group CEO, Ola. “One of the key infrastructure gaps in our country has been the charging network.”
Aggarwal said 'electric' is the future of mobility and Ola is reimagining the entire user experience of owning an electric vehicle. The plans to build a comprehensive charging network is a key piece of this. “By creating the world’s largest and densest 2-wheeler charging network, we will dramatically accelerate the customer adoption of electric vehicles and rapidly move the industry to electric,” said Aggarwal.
In India, Ola is now in direct competition with electric two-wheeler makers, such as Ather Energy, Hero Electric, and TVS Motor Company. However, Aggarwal said the charging network won’t be available to other electric vehicle players and only the customers of Ola Electric.
https://www.business-standard.com/article/companies/ola-electric-to-set-up-world-s-largest-ev-two-wheeler-charging-network-121042200645_1.html
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