Back to the complete issue
Tuesday, 21 February 2023

An electric scooter startup is looking to build world’s biggest EV hub in India

India’s electric scooter startup Ola Electric Mobility will build the world’s largest electric vehicle (EV) hub worth USD 920 mn in the Tamil Nadu state, Bloomberg reports. The company intends for the mega hub to localize its supply chain and manufacture cars and battery cells, as well as house vendors and suppliers. Plans to mass produce the cells will kick off later this year, the business news service reports.

Enterprise Climate is available without charge thanks to the generous support of HSBC (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; and Infinity Power (tax ID: 305-170-682), the leading generator and distributor of renewable energy in Africa and the Middle East. Enterprise Climate is delivered Mon-Thurs before 4 am UAE time. Were you forwarded this copy? Sign up for your own delivery at climate.enterprise.press. Contact us on climate@enterprisemea.com.