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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 ...
Ola Electric's $734 million IPO is India's biggest so far in 2024. The company is the leading player in a country where adoption of EVs is still low, but rising, as Prime Minister Narendra Modi's ...
India's Ola Electric has slashed its sales goals for 2023-2025 by more than half and delayed its target of achieving profits by a year, after reduced government incentives pushed up e-scooter ...
Indian e-scooter maker Ola Electric has received regulatory approval to go ahead with its $660 million Initial Public Offering, said two sources with direct knowledge, paving the way for the ...
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The Tesla Model Y is the first electric vehicle to become the world's best-selling car in 2023, outselling the Toyota Corolla. [1]Battery electric vehicles are vehicles exclusively using chemical energy stored in rechargeable battery packs, with no secondary source of propulsion (e.g., hydrogen fuel cell, internal combustion engine, etc.).
Uber is locked in a fierce battle with SoftBank-backed Ola, rival Rapido, as well as all-electric ride-hailing app BluSmart in India, one of the company's biggest markets outside the United States ...
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.