Ola Electric To Set Up EV Two-Wheeler Hypercharger Network

Ola Electric, the electric vehicle arm of the Indian ride-hailing firm Ola is setting up a mega factory to produce e-scooters and will invest $2 billion in the next five years to build an electric two-wheeler charging network along with its partners. Called ‘Hypercharger Network’, Ola's plan is to set up a 100,000 strong network of EV chargers, across 400 cities in India over the next five years.The company said it will install 5,000 chargers in the current financial year, including a few hundred chargers ahead of the launch of its first electric two-wheeler, which is due to go on sale in July this year. When complete, the company claimed it will be the largest electric two-wheeler charging network in the world. Ola along with its partners would set it up at an estimated cost of $2 billion over a period of five years.Ola will offer the most comprehensive set of charging options to its electric vehicle customers. This would be done through a combination of widely deployed high-speed Ola Hyperchargers and the home-charger that will come bundled with the Ola Scooter. Ola Hypercharger will also be the fastest two-wheeler charging network. The Ola Scooter can be charged 50 percent in just 18 minutes for a 75 km range, providing superior range confidence. Ola Hyperchargers will be widely deployed across cities and will be found in city centers and dense business districts as stand-alone towers as well as in popular locations such as malls, IT parks, office complexes, and cafes, ensuring that Ola Electric customers always have a Hypercharger nearby.The Ola Hypercharger network, being built by Ola along with partners, will be complemented by the home charger that will be bundled with the Ola Scooter. The home charger will require no installation and will provide Ola customers with the convenience of charging at home by simply plugging into a regular wall socket for overnight charging. Ola’s factory on 500 acres of land in Tamil Nadu’s Krishnagiri district is expected to be ready by June and will produce 10 million e-scooters every year, making it the largest two-wheeler maker globally.