<p>Ride-hailing major Ola is foraying into electric scooter manufacturing and plans to hit the market with its first vehicle in January next year, sources said.</p>.<p>The electric scooter, initially manufactured at a facility in the Netherlands, will be sold in India as well as Europe, the sources close to the development said.</p>.<p>Ola did not respond to emailed queries.</p>.<p>In May this year, Ola Electric announced the acquisition of Amsterdam-based Etergo BV for an undisclosed amount. At that time, the firm had said it aimed to launch electric two-wheeler in India in 2021, and that the acquisition of Etergo further bolstered its engineering and design capabilities.</p>.<p>The sources said Ola Electric, EV arm of the ride-hailing company, plans to launch e-scooter simultaneously across India and several European markets by January next year.</p>.<p>The e-scooter is expected to be priced competitively against the current petrol scooters, as the company is looking at tapping into a majority of the 20 million units-two wheeler market in India, they added.</p>.<p>One of the sources said Ola is looking at sales of a million e-scooters in the first year.</p>.<p>The person added that while the initial batches of vehicles will come from the manufacturing facility in the Netherlands, Ola Electric is looking at setting up a facility in India to meet the local demand more efficiently and participate in the government's Atmanirbhar Bharat vision.</p>.<p>Ola is said to be in talks with various state governments to set up India's largest e-scooter manufacturing plant with an annual capacity of about 2 million units.</p>.<p>Founded in 2014, Etergo has developed an all-electric 'AppScooter' that uses swappable high energy density batteries to deliver a range of up to 240 km.</p>.<p>The move to offer e-scooters will pitch the SoftBank-backed company against players like Bajaj Auto, Hero MotoCorp-backed AtherEnergy, Hero Electric and others that currently make electric two-wheelers in the country.</p>
<p>Ride-hailing major Ola is foraying into electric scooter manufacturing and plans to hit the market with its first vehicle in January next year, sources said.</p>.<p>The electric scooter, initially manufactured at a facility in the Netherlands, will be sold in India as well as Europe, the sources close to the development said.</p>.<p>Ola did not respond to emailed queries.</p>.<p>In May this year, Ola Electric announced the acquisition of Amsterdam-based Etergo BV for an undisclosed amount. At that time, the firm had said it aimed to launch electric two-wheeler in India in 2021, and that the acquisition of Etergo further bolstered its engineering and design capabilities.</p>.<p>The sources said Ola Electric, EV arm of the ride-hailing company, plans to launch e-scooter simultaneously across India and several European markets by January next year.</p>.<p>The e-scooter is expected to be priced competitively against the current petrol scooters, as the company is looking at tapping into a majority of the 20 million units-two wheeler market in India, they added.</p>.<p>One of the sources said Ola is looking at sales of a million e-scooters in the first year.</p>.<p>The person added that while the initial batches of vehicles will come from the manufacturing facility in the Netherlands, Ola Electric is looking at setting up a facility in India to meet the local demand more efficiently and participate in the government's Atmanirbhar Bharat vision.</p>.<p>Ola is said to be in talks with various state governments to set up India's largest e-scooter manufacturing plant with an annual capacity of about 2 million units.</p>.<p>Founded in 2014, Etergo has developed an all-electric 'AppScooter' that uses swappable high energy density batteries to deliver a range of up to 240 km.</p>.<p>The move to offer e-scooters will pitch the SoftBank-backed company against players like Bajaj Auto, Hero MotoCorp-backed AtherEnergy, Hero Electric and others that currently make electric two-wheelers in the country.</p>