SoftBank-backed Ola to roll out 100,000 scooter chargers in India
Indian ride-hailing startup Ola will create a network of more than 100,000 two-wheeler charging points nationwide to accommodate the company's electric scooters slated for launch later this year.
The Ola Hypercharger Network will start out with a first-year push to install 5,000 charging stations in 100 cities -- "more than double the existing charging infrastructure in the country," the company says.
Plans are for 100,000-plus charging points in 400 cities in five years. They will be compatible with Ola two-wheeler products, including the Ola Scooter due out in the coming months.
Backed by Japan's SoftBank Group, Ola offers a ride-hailing app serving mostly India. In 2020, it announced the acquisition of Dutch manufacturer Etergo with the aim of building electric two-wheelers. Talent hailing from General Motors and elsewhere has been brought on board.