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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 ...
On 21 April 2014, Hero MotoCorp announced its plan on a ₹ 254 crore (equivalent to ₹ 406 crore or US$47 million in 2023) joint venture with Bangladesh's Nitol-Niloy Group in the next five years to set up a manufacturing plant in Bangladesh. The plant started production in 2017 under the name "HMCL Niloy Bangladesh Limited".
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 ...
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.
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 ...
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]
Note there is no single fixed definition of a scooter (also known by the full name motor-scooter), but generally a smaller motorcycle with a step-through frame is considered a scooter, especially if it has a floor for the rider's feet (as opposed to straddling the vehicle like a conventional motorcycle). Other common traits of scooters can ...
Ather Energy is an Indian electric two-wheeler manufacturer headquartered in Bangalore. It was founded by Tarun Mehta and Swapnil Jain in 2013. It was founded by Tarun Mehta and Swapnil Jain in 2013. It currently manufactures electric scooters including the Ather 450 Apex, Ather 450S , Ather 450X , Ather 450X Pro , and Ather Rizta.
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