Bhavish Aggarwal recently stated that Ola Electric experienced a 20x growth in 2022 as its production of two-wheeler electric vehicles increased from 4,000 units in June 2021 to 80,000 units toward the end of the year. Ola Electric sold 25,000 electric scooters in India in December 2022, transforming the ride-hailing company into an EV manufacturer […]
‘EVs won’t need sops once market share surges’ – EQ Mag
Bhavish Aggarwal, the outspoken entrepreneur making rapid strides in the electric two-wheeler industry, is now championing another unusual idea: End subsidies for electric two-wheelers once their market share reaches double digits. The government is encouraging adoption of EVs with subsidies, allocating ₹2,908 crore as EV subsidies for FY23, three-and-a-half times the FY22 allocation of ₹800 […]
Ola unveils lithium-ion cell built in-house – EQ Mag Pro
The use of specific chemistry & materials enables the cell to pack more energy in a given space and also improves the overall life cycle of the cell Electric vehicles company Ola has unveiled a lithium-ion cell, NMC 2170, built in-house. Ola said in a statement on Tuesday it will begin the mass production of […]
Valued at $5 bn, Ola Electric raises $200 million – EQ Mag Pro
Ola Electric has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others. The latest round has seen the company’s valuation going up to $5 billion. Ola Electric on Monday announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others. The latest round has […]
Ola Electric Says Dispatched E-Scooters To All Buyers, To Open Next Purchase Window ‘Very Soon’ – EQ Mag Pro
The company, after opening bookings at Rs 499, had initially planned to start deliveries in October but was later pushed to November and then again to the second half of December. Ola Electric has dispatched its electric scooters to all who have purchased and it will be opening the next purchase window very soon, Ola […]
Ola Electric to have 4,000 EV charging points in 2022: CEO Bhavish Aggarwal – EQ Mag Pro
As part of its ambitious charging infrastructure goal, Ola Electric will install more than 4,000 charging points for its electric scooters across cities in next year. In a tweet, Bhavish Aggarwal, Founder and CEO, Ola, said that Hypercharger roll out has begun across cities. “At key BPCL pumps as well as residential complexes. 4000+ points […]
All 2-Wheelers Should Be Electric By 2025: Ola CEO
After 2025, no petrol two-wheeler should be sold in India and it is possible to make this transition to sustainability in four years, according to Ola chairman and group executive officer Bhavish Aggarwal. To make India the global leader in electrification, he said the entire Indian industry should come together towards this ambition instead of […]
Why Ola’s Bhavish Aggarwal ‘Strongly Disagrees’ With Elon Musk On EV Import Duty
The Hyundai Motor India MD also said that lower duties in India will help ‘grow the EV market’ Reacting to this, Ola CEO Aggarwal said, ‘Let’s have confidence in our ability to build indigenously and also attract global OEMs to build in India, not just import’ Any duty rate cut by the Centre on imported […]
Electric Vehicle Revolution is Coming, Says Bhavish Aggarwal
Bhavish Aggarwal said, from Karnataka in 2017 to Gujarat just this week, 21 states and UTs are now incentivising EVs to make them affordable Gujarat govt launched Gujarat Electric Vehicle Policy 2021 with an aim to see at least 2 lakh EVs on the state roads in the next four years Aggarwal said, we’re committed […]
Ola Plans to Take its Made-in-India Electric Scooter Global After Domestic Launch
Ola Electric earlier revealed that its ‘Hypercharger’ or fast charger network will be able to charge the company’s electric scooter to 50 percent in just 18 minutes and this should be good enough for a 75 km range. Ola Electric certainly has some big plans for the Indian electric scooter segment. A few days back, […]