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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 ...
Karnataka approved the Electric Vehicle and Energy Storage Policy 2017, [44] which aims to attract investment of ₹ 310 billion and create about 55,000 jobs. The union government has announced its vision to make India an all-electric-vehicle market by 2031 to reduce the country's dependence on fossil fuels and reduce its carbon footprint.
In Sept 2021, to boost the automotive industry with the newer and green technology the Government of India (GoI) launched 3 PLI schemes, a Rs. 26,000 cr (US$3.61 b) scheme for production of electric vehicles and hydrogen fuel vehicles (PEVHV), the Rs 18,000 crore (US$2.5 b) "Advanced Chemistry Cell" (ACC) scheme for new generation advance ...
Ultraviolette Automotive was founded in 2016 by Narayan Subramaniam (CEO) and Niraj Rajmohan (CTO). By 2022, the company had received US$15 million Series C Funding from TVS Motor Company and Zoho Corporation.
Mahindra Electric, also known as Mahindra Last Mile Mobility Limited, formerly known as Mahindra Electric Mobility Limited (2016–2023) and Reva Electric Car Company (2010–2016), was an Indian company based in Bangalore that designs and manufactures compact electric vehicles. The company's first vehicle, the REVAi electric car, was available ...
The share of electric vehicles in the global light vehicles market increased to 11.3% during the six months, as compared to 6.3% in H1 2021. ... The company has set up four electric vehicle ...
The company is co-founded by Chetan Maini, the founder of the Reva Electric Car Company [13] (now known as Mahindra Last Mile Mobility Limited), Uday Khemka, Vice Chairman of SUN Group, and Ajay Goel, Co-Founder & Executive Director. [14] Anant Badjatya is the current CEO of the India business, since March 2022. [15]
Within a year, the company again invested ₹38.49 crore and increased the stakes to 81.23% in Jul 2019. [17] Greaves Cotton wholly owned the Coimbatore-based electric vehicle manufacturer Ampere Electric Vehicles. The acquisition marked the entry into the ever-booming EV industry. [18]