Ola wanted to build 2 million electric scooters per year, but it’s hit a big problem
December 23, 2021
Ola Electric became the darling of the Indian electric scooter market when it unveiled its S1 and S1 Pro electric scooters earlier this year. The high-performance scooters boasted speeds of over 70 mph (115 km/h) yet came affordably priced at between US $1,050-$1,300.
The ambitious company built a sprawling mega-factory designed to meet the surging demand for its scooters, intending to produce 2…