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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 ...
Apart from the ride-hailing business Ola Cabs, the holding company ANI Technologies operates Ola Fleet, Ola Financial Services, and Ola Foods. [3] As of September 2019, it also owns a 6% stake in the electric scooter manufacturing company Ola Electric.
The new e-scooter models, S1X and S1X+, will be priced at 99,999 rupees ($1,199.15) and 109,999 rupees, respectively, with the cheapest variant of S1X about 36% lower than Bangalore-based Ola's ...
India's IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its e-scooter business, two people with direct knowledge of the decision ...
BENGALURU (Reuters) -Ola Electric's $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target amid a sharp sell-off in global equity markets.
The Ather 450X is an electric scooter manufactured by Ather Energy in India. It was launched in Bengaluru in September 2018. [2] [3] It is powered by a 5.4 kW (7.2 BHP) Brushless DC electric motor, and a 3.7 kWh lithium-ion battery pack. The scooter can accelerate 0–40 km/h (0–25 mph) in 3.3 seconds.
As of November 2020, the number of electric scooters in China had reached around 300 million, with annual sales of more than 30 million units. [80] There were only 31,338 electric scooter sales outside the Asia-Pacific region including Europe. The US market is comparatively small, with an estimated 2,000 sold in 2012. [81]
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.
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