Women Only for Ola's E-Scooter Factory Which Is World's Largest
NDTV
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.
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, 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. Backed by SoftBank Group Corp. and Tiger Global Management, Ola Electric looks to roll out a scooter every two seconds after completing a planned expansion next year. The factory will be substantially automated and include 3,000 robots working alongside the all-female workforce.More Related News