Upon completion, the factory will create almost 10,000 jobs and will initially have an annual capacity of 2 million units Six months after it acquired the Dutch start-up Etergo B.V., Ola Electric has announced a Rs 2,400-crore ($320 million) investment plan to set up, what it calls, the ‘world’s largest’ electric scooter (e-scooter) manufacturing plant […]
SoftBank-backed Ola targets European market for electric vehicle business
The SoftBank-backed ride-hailing firm has roped in Julien Geffard to lead Europe operations for its electric business Indian ride-hailing firm Ola is gearing up to tap the European markets for its electric vehicle business. The SoftBank-backed company is planning to bring the first of its range of electric scooters to Europe in the coming months. […]
Ola plans to foray into electric scooter mfg
Ola’s India manufacturing plan follows its recent purchase of Netherlands-based Etergo, owner of the App Scooter electric brand. Its senior management is in discussions with four Indian states Mumbai : Ola, founded by Bhavish Aggarwal and Ankit Bhati, plans to foray into electric scooter manufacturing, switching gears from being a taxi aggregator to a vehicle […]
Ola plans to set up e-scooter manufacturing plant in India: Report
Ola Electric is in talks with various state governments, including Karnataka, Tamil Nadu, Andhra Pradesh and Maharashtra, to set up an e-scooter manufacturing plant with an annual capacity of about 2 million units, the report says NEW DELHI : Ola is in talks with various state governments to set up India’s largest e-scooter manufacturing plant, […]
Ola Electric raises $1 million from Munjal family trust
The Pawan Munjal Family Trust has been allotted 18 preference shares of Ola Electric with a face value of ₹10 each at a premium of Rs 39,87,608 each. Ola Electric has reportedly raised $1 million (around Rs 7.2 crore) from the family trust of Pawan Munjal, the Chariman and Managing Director of Hero MotoCorp as […]
Mahindra Jumps Into Urban Mobility, Challenges Ola, Uber With Cab Aggregator Service
Ola and Uber are currently the only two online cab aggregating services in India, and the competition amongst them is huge! Well, there will soon be another cab aggregator to jump into the war, and this one will be launched by one of India’s most powerful businessmen – Anand Mahindra of the Mahindra & Mahindra […]
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 […]
Hyundai needs ‘more clarity’ on India’s electric vehicles policy, per report; our take
Hyundai believes that “more clarity is needed” on India’s electric vehicles policy framework for its “right implementation”, reports the Economic Times. SS Kim, MD, Hyundai Motor India said that while India’s push towards electric mobility is a “step in the right direction”, his company is still unsure if the government’s plans for EVs were “officially […]
India set to order Uber, Ola, other taxi aggregators to go electric
All new cars sold for commercial use to be electric from 2026 Scooters, motorbikes sold for commercial use to be electric from 2023 New Delhi: India plans to order taxi aggregators such as Uber and Ola to convert 40% of their fleet of cars to electric by April 2026, according to a source and records […]
Uber, Ola rides could soon be in electric cars in India: When and how
As a part of the new draft for electric mobility policy, all new cars sold for commercial use to be electric from 2026. While Scooters, motorbikes sold for commercial use will be electric from 2023. The Indian government is preparing to order Ola and Uber to convert 40% of its fleet to all-electric vehicles by […]