Ola Electric forays into international markets, Nepal will be the first pit stop
Bangalore India’s largest electric vehicle (EV) company Ola Electric has announced its plans to enter international markets from Nepal. The company has signed an MoU with CG Motors in Nepal to partner as local distributors for its popular Ola S1 scooters (S1 and S1 Pro). These scooters will be available in Nepal from the next quarter. Subsequently, Ola Electric also plans to foray into LATAM, ASEAN and EU in the next phase, expanding the company’s presence to five international markets.
“The global EV revolution has so far been confined to the West and China. In order to truly take the EV revolution to the scale of humanity, India has to be the center of change. Bhavish Aggarwal, Founder and CEO, Ola said that Ola is committed to creating the EV paradigm for the rest of the world by manufacturing half of the vehicles that the world needs right here.
“Our international expansion not only means that we as a company will be able to serve customers in these similar regions, but it is also a testament to the fact that India will lead the EV revolution for the world.”
Ola Electric worth $5 billion It is on a strong footing to become a vertically integrated mobility company, which will exercise complete control over overall manufacturing to ensure very high quality and product delivery.
The company recently unveiled India’s most ambitious 4W project, marking the first public showing of a car that boasts of the best performance, design and technology ever built in India. Ola Electric is the only Indian EV company shortlisted by the government under its ambitious Rs 80,000-crore SAIL PLI plan, having received a maximum capacity of 20 GW for its bid in March. Apart from this, it has also won the PLI for manufacturing the EV.
Last year, Ola embarked on a mission to make it clean and green by ensuring only EVs on Indian roads in the future, eliminating environmental damage. Ola built the world’s largest 2W factory, the world’s best scooter, the largest direct sales and service network, reaching every nook and corner of India. With over 80,000 EV enthusiasts today, Ola would like to take its products and services internationally.