Ola Bullish On Electric Vehicles, Announces Mission: Electric

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On Monday, the ride-hailing company, which operates in over 110 cities throughout India (and now, Australia), announced a commitment to place 10,000 three-wheeled e-rickshaws and electric auto-rickshaws in its service over the next 12 months.

On the other hand, in a video shared of Mission:Electric, Ola has emphasised on electric models of Mahindra and said that company will partner with Mahindra and others to lead the electric vehicle revolution. Ola is now in discussions with several state and municipal governments about where to launch its electric rickshaw program and is "willing to work with any city committed to sustainable mobility solutions". "It also represents an immediate opportunity to improve outcomes for all stakeholders while reducing pollution across towns and cities", said Bhavish Aggarwal, co- founder and CEO of Ola.

A year after Ola, in partnership with Mahindra & Mahindra, launched a programme to build an electric mass mobility ecosystem in Nagpur, the firm is now aiming to expand this across the country. Building on the pioneering electric vehicle pilot by the company in Nagpur, Ola believes electrification can improve outcomes for drivers, customers, and its business model.

Earlier, Ola was said to have partnered with Tata Motors to launch an EV version of Nano, called Jayem Neo, and deploy it in its fleet. The team did not comment on which three cities it is looking to at.

According to the company, the pilot project provided significant insights into effectively managing vehicles, batteries, and operations. It added that it plans to continue exploring ways to optimise batteries and charging.

Ola did not say which manufacturers would provide the three-wheelers or whether it woud be the company making the purchases or whether the vehicles would be driver-owned. Ola intends to leverage its scale to bring cleaner, more comfortable, and safer products to market. Last May, media reports had suggested that Ola was headed the electric auto way, or at least that its lead investor-SoftBank-was bullish about the electric vehicle market in India.

Infrastructure will be provided as part of the initiative, with drivers being given rooftop solar panels and charging stations.

India wants to ensure that by 2030 all new vehicles will be electric, though it has failed to back up this ambition with any explicit policy or roadmap.

Amid such scalability in electric vehicle space, Ola's plans and commitment with Mission: Electric to push for electric vehicles market is a promising and continuous work. Electric rickshaws have already shown to be popular in India, with over 100,000 battery powered three wheelers being operated in Delhi.