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    Home»Merger and Acquisition»Ola partners Siemens for EV manufacturing facility
    Merger and Acquisition

    Ola partners Siemens for EV manufacturing facility

    Finance KhabarBy Finance KhabarJanuary 20, 2021No Comments2 Mins Read
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    New Delhi: “Ola’s factory will be built on Industry 4.0 principles and will be the most advanced manufacturing facility in the country. It will have almost 5,000 robots deployed across various functions,” a statement said.

    As part of the partnership, Ola will have access to Siemens” integrated ”Digital Twin” design and manufacturing solutions to digitalise and validate product and production ahead of actual operations, it added.

    A digital twin is a virtual representation of a physical product that can help understand and predict the physical counterpart’s performance characteristics. Digital twins are used to simulating, predict, and optimise the product and production system before investing in physical prototypes.

    “The factory will be artificial intelligence-powered with Ola’s proprietary AI Engine and tech stack deeply integrated into every aspect of the manufacturing process, continuously self-learning and optimising every aspect of the manufacturing process,” Ola said.

    This will provide unprecedented control, automation and quality to the entire operations, especially with Ola”s implementation of cyber-physical and advanced IoE systems, it added.

    Ola said the entire material handling at its factory would be fully automated for maximum efficiency – right from raw materials to materials movement inside the factory, to the storage, to the finished scooter rolling off the production lines and being loaded onto trucks.

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