Ola Electric Mobility Pvt’s new electric-scooter factory aims to build 10 million two-wheelers annually, or 15% of the world’s e-scooters by 2022, in an operation run and managed entirely by women.
Led by Bhavish Aggarwal, the e-mobility business is a follow-up to ride-hailing startup Ola, which is expected to make its debut on public markets next year. The vision for his newest venture is to provide the world “clean mobility, a carbon-negative footprint, and an inclusive workforce,” the founder said.
The first group of workers started this week at the factory in Krishnagiri, about 2.5 hours southeast of Bangalore, which will cost $330 million to complete. “At full capacity, Futurefactory will employ over 10,000 women, making it the world’s largest women-only factory and the only all-women automotive manufacturing facility globally,” he wrote in a blog on Monday.