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Ola Consumer, formerly Ola Cabs, is an Indian transportation company that provides ride-hailing services and operates other business verticals such as financial services and cloud kitchens. It is headquartered in Bangalore , and operates in 250+ Indian cities.
BluSmart functions on an asset-light business model. [15] Cars are procured on a monthly lease from companies like EESL. [2] The company's mobile application can be used to purchase rides that are similar to Uber, Ola Cabs and Lyft.
NEW DELHI (Reuters) -Indian ride-hailing firm Ola Electric plans to start producing electric cars in India in 2024 with a range of up to 500 km (310 miles), Chief Executive Bhavish Aggarwal said ...
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 ...
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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.
The yearly depreciation of a car is the amount its value decreases every year. Normally a car's value is correlated with the price it has on the market, but on average a car has a depreciation around 15–20% per year. [12] [13] Depending on market conditions, cars may depreciate 10–30% the first year. [14]
It offers a range of 115 km and a true range of 90 km on a single charge, and it has a top speed of 90 km/h. It takes 6 hours 36 minutes from 0–80% and 8 hours 36 minutes from 0–100% with a portable home charger. [25] It has features like an emergency stop signal (ESS), Vehicle FallSafe, a guide-me-on light, Trip Planner, and Theft & Tow ...