• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, May 17, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Ola Electric futurefactory hit major obstacle due to global chip shortage

by Balraj
December 26, 2021
in Business, India News, Startups, Tech
Reading Time: 2 mins read
0
Ola electric scooter displayed during its launch at the Ola headquarters in Bangalore

Courtesy: Manjunath Kiran via Getty Images

TwitterWhatsappLinkedin

Ola Electric Mobility Pvt., an Indian startup that claims to be building the world’s largest electric scooter manufacturing facility, is lagging behind in terms of its high ambitions. The mass production of Ola Electric’s e-scooters is expected to be delayed until at least January, according to media reports.

You might also like

Trump Administration Targets Huawei AI Chips with Global Warning

Grok’s “White Genocide” Issue Blamed on Unauthorized Modification

Turkey’s Celebi Takes Legal Aim at India Over Security Clearance Cancellation Amid Pakistan Tensions

Ola electric scooter displayed during its launch at the Ola headquarters in Bangalore
Courtesy: Manjunath Kiran via Getty Images

Earlier this month, the company delivered around 100 scooters to customers at an event attended by founder and CEO Bhavish Aggarwal amid much excitement and celebration, but the electric scooters are likely to be delayed even further, a Bloomberg report said citing sources familiar with the company’s operations.

According to the report, Ola’s ‘Futurefactory’ is running at significantly less than full capacity due to a global chip shortage as well as an over-reliance on imported components and would face challenges to fulfill the 90,000 orders it has received. The company is struggling with the issues in its production process and can only assemble 150 units per day. Ola’s body shop is operating at half capacity while its paint shop isn’t operational yet, the source added.

Ola is not the only one who is suffering. The global semiconductor shortage is causing havoc in the Indian automotive industry. Customers who are waiting for their e-scooters have already expressed their frustration on social media channels, according to some reports. When Ola began accepting orders in September, it stated that delivery would begin in October, but this was later pushed back to November and eventually to December 15.

They also illustrate the obstacles that India, the world’s third-largest emitter, may encounter as it seeks to achieve net carbon zero-emission by 2070. Ola Electric’s capacity to fulfill its promise, which was recently valued at more than $5 billion in a fundraising round, could reflect out on its parent company, ANI Technologies, as it seeks to attract investors ahead of a potential initial public offering next year.

Varun Dubey, Chief Marketing Officer at Ola Electric Mobility in an email said, the company’s production unit is “functional with automated weld-line, battery line, and general assembly line, as well as an operational paint shop.” Adding further he said, “we had a two-to-four-week delay rather than the far longer delays (months and up to a year) that are normal in the industry,” attributed the delays to the global chip shortage that has affected automakers worldwide. Ola Electric, however, cited confidentiality as a reason for declining to share production figures.

This latest development makes Bajaj MD Rajiv Bajaj appear to be a little of a visionary as the legacy automobile manufacturer had mocked Ola Electric and other EV startups, claiming that legacy manufacturers would eventually prevail over the newbies. Earlier this year Rajiv during the launch of a new Bajaj bike in Pune said, “If we launch a motorcycle in October, you will get it in November. It is not that we will launch in 2021, you have to wait till 2022.”

Tags: ANI technologiesBhavish AggarwalElectric ScootersGlobal Chip Shortage 2021Ola ElectricRajiv BajajVarun Dubey
Tweet54SendShare15
Previous Post

Michael Saylor makes a wild price prediction while Ethereum rivals stack up huge gains

Next Post

GTA V is the most watched game on Twitch in 2021

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

Trump Administration Targets Huawei AI Chips with Global Warning

by Sneha Singh
May 17, 2025
0
Trump Administration Targets Huawei AI Chips with Global Warning

Washington has raised the stakes in its technology battle with Beijing. The Trump administration recently warned that companies worldwide could face legal consequences for using Chinese-made AI chips,...

Read more

Grok’s “White Genocide” Issue Blamed on Unauthorized Modification

by Sneha Singh
May 17, 2025
0
Grok's "White Genocide" Issue Blamed on Unauthorized Modification

xAI's chatbot Grok went rogue on Wednesday, repeatedly bringing up claims about "white genocide" in South Africa regardless of what users were asking. The company has now pointed...

Read more

Turkey’s Celebi Takes Legal Aim at India Over Security Clearance Cancellation Amid Pakistan Tensions

by Anochie Esther
May 17, 2025
0
Çelebi Aviation

In a rapidly escalating diplomatic and corporate standoff, Turkish aviation services company Çelebi Aviation has filed a legal challenge against the Indian government’s decision to revoke its security...

Read more
Next Post
GTA V most watched game on Twitch

GTA V is the most watched game on Twitch in 2021

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?