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Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [10] [11] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
India's top e-scooter maker Ola Electric Mobility surged 20% on Friday to reach a valuation of 586.64 billion rupees ($6.99 billion), after it launched a new line of motorcycles and on bets it ...
Ola Consumer, formerly Ola Cabs, is an Indian transportation company that provides ride-hailing services and operates other business verticals such as financial services and cloud kitchens. It is headquartered in Bangalore, and operates in 250+ Indian cities. A variety of venture capitalists including Softbank have large stakes in the company. [4]
The company competes with Uber, Ola, and new cab-hailing entrants like Rapido and Namma Yatri. The company has raised $24 million, or Rs 200 crore, in a funding round led by its existing investors, Zurich-based climate finance firm ResponsAbility Investments, cricketer MS Dhoni’s Family Office, and ReNew founder Sumant Sinha.
Bhavish Aggarwal (born 28 August 1985) is an Indian entrepreneur. He is the co-founder and CEO of Ola Consumer, founder of Ola Electric [1] and founder of Ola Krutrim, a large language model artificial intelligence (AI) company which became India’s first AI unicorn in 2024 an estimated valuation of $1 billion.
Yulu Bikes Pvt. Ltd. (stylized as yulu) is an Indian company headquartered in Bengaluru. [ 2 ] [ 3 ] It provides shared low-speed two-wheeler electric vehicle (EV) services in Bengaluru, Mumbai, Navi Mumbai, Delhi, Gurugram, [ 4 ] Noida [ 5 ] and Hyderabad. [ 6 ]
In December 2023, Wardwizard Innovations and UAE's BEEAH Group signed a Memorandum of Understanding (MoU) to collaborate on the manufacturing and sale of electric vehicles (EVs) in the GCC and African countries. The collaboration aims to utilize BEEAH Group's network in the GCC and African nations to facilitate sales within these regions. [26]
The Dubai-based KMC Group and Mauto Electric Mobility will convert petrol-powered auto rickshaws into electric vehicles with an investment of ₹ 100 crore and create 5,000 jobs. The companies signed a memorandum of understanding (MOU) during Palaniswami's stopover in Dubai on his three-nation trip in September. [year needed]