Ola in talks with India’s best automakers to manufacture custom made electric vehicles.
E-vehicles will have only required features and will cost low.
The company is planning to bring one million electric vehicles on road by 2022.
Ola Electric mobility raised Rs. 400 Crore from Matrix India and Tiger Global.
Ride-hailing unicorn Ola enhances its reach towards an eco-friendly mode of transport by talking with India’s best automakers to manufacture some custom made electric vehicles.
According to a person aware of the matter, these special purpose vehicles will be designed by Ola itself. The conversation between the two is also concentrated on using a battery management system that can assist in using these vehicles at a mass scale.
China’s top cab-hailing platform, Didi Chuxing Technology Co. is also using custom made vehicles and has collaborated with automobile giant Volkswagen AG. Ola is taking this step aggressively to replace Didi Chuxing.
Bengaluru based Indian ride-hailing unicorn Ola initiated its first step into electric mobility space by using Mahendra and Mahendra Ltd’s electric cars in Nagpur but vehicle endurance and quality came as an obstacle and firm can’t grow at that time. It is continuously planning to make a partial shift to electric mobility and this could be possible once these e-vehicles become more efficient and affordable for the operations.
Softbank backed ride-hailing startup has now put few reformations as it by itself decide features to be put in e-vehicles and will suggest automakers manufacture cars according to requirements. This time these cars will have fewer features and will be of low cost. The company is in talks with different car manufacturers and is planning to use currently raised funds to enhance reach towards electric mobility space. The Bhavik Agrawal owned Indian start-up is putting its high efforts to bring eco-friendly vehicles of the future to live on roads in a mass amount in the future.
Ola Electric mobility, an arm of Ola dedicated to electric mobility has raised its first external fund of Rs. 400 Crore from Matrix India and US-based hedge fund Tiger Global. The company is planning to bring one million electric vehicles on road by 2022.
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