Ola's e-scooter plans can disrupt the two-wheeler market
Ola's aggressive volume targets has not only given the existing manufacturers greater confidence but also spawned several firms in the e-two wheeler space
Bhavish Aggarwal against sale of petrol 2-wheelers after 2025
The SoftBank-backed company said that anybody who wants to import into India, should invest in the country.
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 Bhavish Aggarwal.
Ahead of the company's launch of e-scooter on Independence Day, experts say market transition may take time
The company will launch its first electric scooter in March 2022
Competition Commission has given its nod for the proposed investments worth USD 500 million in ride-hailing platform Ola by Temasek, Warburg Pincus and Ola founder Bhavish Aggarwal. ANI Technologies Private Limited offers taxi and auto rickshaw aggregation services under the brand name 'Ola'. The Competition Commission of India (CCI) has approved acquisition of shares by MacRitchie Investments (Temasek), Fort Canning Investments, Plum Wood Investment Limited (Plum Wood) and certain voting rights by Bhavish Aggarwal in ANI Technologies, according to two releases issued on Friday. MacRitchie is an investment holding company and is a subsidiary of Temasek Holdings (Private) Limited. Singapore-based Temasek is an investment company. Fort Canning is also an investment holding company. Plum Wood is also an investment holding company and its shareholders are certain private equity funds managed by Warburg Pincus LLC. The latter, headquartered in New York, acts as a manager to certain priv
Ola to share full specs and details of the electric scooter and the availability dates on the launch day
The initiative by the SoftBank-backed mobility firm is aimed at long term meaningful wealth creation in the run up to IPO.
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The e-scooter's pre-launch garnered bookings of close to 100,000 in 24 hours
Ola wants to position itself as an attractive alternative to the popular ICE 125 cc scooter range through its own electric offering
Those who reserve early will get priority delivery
The Ola Futurefactory is coming up on a 500-acre site in Tamil Nadu. At full capacity of 10 million vehicles annually, it will be the world's largest two-wheeler factory
The company has claimed this to be the largest long-term debt financing agreement for the Indian EV industry
This is amongst the largest investments in the Indian consumer internet space by these funds and is a testament to the robust and resilient business built by Ola
Vandana Gombar assesses the green energy plans of Reliance, NTPC, Tata and Ola
Last year, Ola had announced a Rs 2,400-crore investment for setting up its first electric scooter factory in Tamil Nadu