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First Ola Electric vehicle will be launched in June once factory is ready: Bhavish Aggarwal

We will go global within the first quarter or two. We will first be looking at Europe and then beyond that too, says Bhavish Aggarwal, Founder, Ola Electric, in an interview with Uttkarsh Chaturvedi of ET NOW You are setting up a facility with a capacity to manufacture 10 million two-wheeler EVs in a market […]

M&M to invest Rs 3,000 cr on electric vehicle business in next 3 years

Ola wants to be the Tesla of affordable EVs

Ola wants to own the entire value chain—from engineering, manufacturing and sale of electric vehicles (EVs)—beginning with electric scooters and then small electric cars. Bengaluru: Ola is seeking to transform itself from being a mobility services provider to a player in the burgeoning low-cost electric vehicle (EV) market globally, modelling itself on Elon Musk’s Tesla […]

M&M to invest Rs 3,000 cr on electric vehicle business in next 3 years

Ola’s 500-acre e-scooter factory in Bengaluru to make EV every 2 seconds

Ola Electric Mobility Pvt hopes to make 10 million vehicles annually or 15% of the world’s e-scooters by the summer of 2022, starting with sales abroad later this year Bhavish Aggarwal surveys the empty 500-acre expanse encircled by neon-painted homes, tiny shrines and mango groves. The high-profile Ola founder hopes to erect the world’s largest […]

M&M to invest Rs 3,000 cr on electric vehicle business in next 3 years

Ola partners with Siemens for its EV Manufacturing Facility

Ola partners with Siemens for Rs 2,400 crore EV manufacturing facility 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 New Delhi: Ride-hailing major Ola on Wednesday said it has partnered with Siemens […]

M&M to invest Rs 3,000 cr on electric vehicle business in next 3 years

Ola Electric acquires Amsterdam-based Etergo

Ola Electric acquires Amsterdam-based Etergo that developed AppScooter Ola Electric said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM’s engineering and design capabilities. The deal value has not been revelaed. Ola Electric Mobility (OEM), on May 27, acquired Amsterdam-based Etergo BV. This will […]

M&M to invest Rs 3,000 cr on electric vehicle business in next 3 years

Bhavish Aggarwal On How Ola Battled Uber To Come Out On Top In India

Uber was outspending Ola 5:1, Aggarwal claimed at a recent fireside chat Also revealed that Ola had just half a million dollars in account when Uber entered India The company will be ramping up hiring in Silicon Valley this year Everyone knows that Uber gave Ola a serious run for its money when it launched […]

ACEEE Study: Few States, Utilities Ensure Equity in EV Charging Investments