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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 ...
By Aditya Kalra (Reuters) -India's top product certification agency will investigate e-scooter maker Ola Electric's deficiency in service standards and product issues, India's consumer affairs ...
In April 2018, Ola acquired Ridlr (formerly Traffline), a public transport ticketing app. [17] Later in August 2018, Ola financed Series A funding of the scooter rent startup Vogo, and again in December, invested another $100 million. [18] In 2019, more than 10,000 drivers applied both in online and offline mode, ahead of its launch in London ...
In November 2010, the Government of India (GoI), through the Ministry of New and Renewable Energy (MNRE), announced a subsidy of ₹950 million for electric vehicles. The subsidy provided benefits up to 20% on the ex-factory price, with a maximum benefit of ₹100,000 on electric cars, ₹4,000 on two-wheelers, ₹5,000 on high speed two ...
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 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 ...
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