Ola Electric, the e-mobility business of Bengaluru-based ride-hailing startup, is manufacturing electric scooters on a 500-acre site near Krishnagiri in Tamil Nadu. The factory is expected to have an annual capacity of 10 million vehicles.
“Atmanirbhar Bharat needs self-reliant women! proud to share that Hailstone FutureFactory will be run entirely by women, 10,000+ in full scale! This will be the world’s largest women’s factory.
Atmanirbhar India needs self-reliant women! Proud to share that Ola will be run entirely by FutureFactory… https://t.co/FgqqxkDQxQ
— Bhavish Aggarwal (@bhash) 1631515265000
In a blog post on Olaelectric.com, she said this is the first step in a series of initiatives the company is taking to create a more inclusive workforce and provide economic opportunities for women across the board. “For India to become the manufacturing hub of the world, we must prioritize upskilling and creating jobs for our female workforce,” his post read. “But this requires proactive and conscious efforts from all of us, especially in the manufacturing sector where participation is lowest at just 12%.”
Hailstone
is introduced Its electric scooter has two variants – S1 priced at Rs 99,999 and S1 Pro priced at Rs 1,29,999. company
has been delayed Citing technical difficulties, the launch of its electric scooters has been done from a week to 15 September.
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In another tweet earlier this month, Agarwal said 10 million people used Ola
for the first time in the financial year ended 31st March. The company’s business crossed pandemic levels last month, he said. The company is encouraging Ola drivers to get vaccinated. He had then tweeted, “3L+ drivers on Ola have been vaccinated and we will be 100% vaccinated soon.”
Hailstone
expanding Its employee stock ownership scheme pools Rs 3,000 crore and gives employees an additional Rs 400 crore in stock in an initial public offering (IPO). It is exploring the possibility of an IPO in 2022 to raise $1.5-2 billion at a valuation of $12-14 billion.
was informed on 31 August.