Ola Electric said that these scooters will be available in Nepal from the next quarter. After this the company can expand in Latin America, ASEAN and Europe. Bhavish Aggarwal, Founder and CEO, Ola, said, “Our expansion overseas signifies the growth of the company as well as the important role India plays in driving the EV segment in the world.” He said that India will have to make a big contribution to take the electric vehicle segment to the next level. The company recently announced its electric four-wheeler project.
The company has decided to cut around 200 engineering jobs. Ola, invested by Japan’s SoftBank Group, says it is focusing on becoming an integrated mobility company. Hailstone Has prepared to strengthen the position in two-wheelers, four-wheelers and manufacturing. Ola has overtaken Uber to gain a major share in the country’s cab ride market. The company started manufacturing e-scooters last year and plans to make electric cars by 2024. Ola had shelved plans to list on the stock market in the first half of this year. The reason for this was the volatility in the market and weak listing of other startups.
Regarding the electric car, the company had told that the range of this car can be more than 500 kilometers in a single charge. It will be able to hold the speed of 0-100 kmph in 4 seconds. The company forayed into the EV segment last year with the launch of the Ola S1 and S1 Pro electric scooters. Aggarwal recently shared a video related to the company’s electric car on Twitter on World EV Day. It shows the designing of the car, in which the exterior structure of the car is being made through computer and clay modeling.
(This news has not been edited by NDTV team. It is published directly from syndicate feed.)
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