Posts filtered by tags: Ola Electric[x]


 

Ola Electric plans to go international this year — but only after India launch

Ola, an Indian-based e-scooter company, is setting its sights on serious global expansion. After its proposed India launch in July, a company executive told PTI it plans to introduce its vehicle to Europe. Ola will focus particularly on Mediterranean countries such as France, Italy, and Spain, but also plans to bring its scooter to Germany and the UK. This news further cements the company’s lofty ambitions. In April, Ola unveiled details about its Hypercharger fast-charging network, which it cla...
Tags: Startups, UK, Germany, India, Spain, Mediterranean, Shift, PTI, France Italy, Europe Ola, Ola Electric


Ola Electric Cars to Launch After Their First e-Scooters

Ola Electric, the cab-sharing platform-turned-EV-manufacturer, will soon launch...
Tags: Autos, Ola Electric, Ola Electric Cars


Jaguar F-Type Designer Joins Ola Electric as Head of Vehicle Design

Ola Electric has announced that it has appointed Wayne Burgess as the Head of...
Tags: Autos, Jaguar, Wayne Burgess, Ola Electric


Ola Electric Scooter Revealed in First Set of Official Pictures

A bunch of first official pictures of the Ola electric scooter has been...
Tags: Autos, Ola Electric


Ola to invest $327M to set up ‘the world’s largest scooter factory’ in Tamil Nadu

Ola said on Monday that it has signed a memorandum of understanding with the government of Tamil Nadu in India to set up what it claims would be the “world’s largest scooter manufacturing facility” in the South Indian state as the Indian ride-hailing firm begins a new push with electric vehicles. The SoftBank-backed Indian ride-hailing firm said it will invest about $327 million in setting up the factory, which it says would create almost 10,000 jobs and have an initial capacity to produce 2 ...
Tags: Transportation, Uber, Asia, India, Softbank, Tech, Amsterdam, Ola, Scooter, Tamil Nadu, Europe Asia, Bhavish Aggarwal, South Indian, Etergo, Ola Electric, India One of India


Ola electric scooter launch likely in Feb 2021; to be priced under INR 1 lakh

Bengaluru-based Ola Electric had earlier stated that it plans to introduce its...
Tags: Autos, Ola Electric


The Station: Amazon eyes Zoox, Aurora goes back to school and Cabana hits the road

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. The mobility world got busy this week. Really. busy. This is gonna be a long one, buckle up. Take a look at the most r...
Tags: Google, Amazon, TC, Transportation, Electric Vehicle, Facebook, Europe, Elon Musk, Youtube, China, Germany, Boston, India, Africa, Tech, Tesla


Ola Electric acquires Etergo, to launch electric two-wheeler in 2021 - IAB Report

Ola Electric has acquired Netherlands-based electric scooter OEM Etergo. The...
Tags: Netherlands, Autos, Ola Electric


SoftBank-backed Ola Electric buys Dutch scooter company Etergo

A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.
Tags: Money, Softbank, businessNews, Amsterdam, Ola, SoftBank Group, Etergo, Ola Electric


Ola Electric acquires Etergo, to launch own line of electric two wheelers this year

Ola Electric, the EV business that spun out of the ride-hailing giant Ola last year, has acquired an Amsterdam-based electric scooter startup as the Indian firm looks to locally produce and launch its own line of two wheelers as soon as this year. The Indian firm said Wednesday it had acquired Etergo, a Dutch firm that has built a scooter that uses swappable, high energy battery that delivers a range of up to 240 km (149 miles). The scooter’s built, design, and efficiency is so impressive tha...
Tags: Transportation, Asia, India, Softbank, Tech, Tesla, Amsterdam, Ola, App Annie, Ola Cabs, Etergo, Ola Electric, Crunchbase Etergo, Tesla General Motors Ferrari Jaguar, BMW Etergo, Here Electric Vehicles and Ather Energy


Indian ride-hailing firm Ola cuts 1,400 jobs

Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive of Ola, shared the job elimination update with the team in an email today, in which he also revealed that the company’s revenue had dropped by 95% in the last two months as India enforced a ...
Tags: Transportation, Uber, Asia, India, Tech, New Delhi, Ola, Oyo, Bhavish Aggarwal, India Food, An Ola, Ola Electric, Coronavirus, COVID-19, COVID, Covid19


CCI approves Hyundai, Kia investment in Ola and Ola Electric

The Competition Commission of India (CCI) has approved a $300 million investment in ride hailing service Ola and its subsidiary Ola Electric Mobility, by automakers Hyundai and Kia. As part of the deal, the two automakers will acquire minority equity stake in Ola and Ola Electric. @CCI_India approves acquisition of shares in ANI Technologies & […] ...
Tags: Travel, News, Investments, Softbank, Electric Vehicles, Hyundai, Kia, Ola, CCI, Hyundai Kia, Competition Commission of India, Competition Commission of India CCI, Online Cab booking, ANI Technologies, Ola Electric Mobility, Ola Electric


India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and it has now been joined by a series of investors who have pumped Rs. 400 crore ($56 million) into Ola Electric. Notably, those backers include Tiger Global and Matri...
Tags: Fundings & Exits, Electric Vehicle, Uber, Asia, Collaborative Consumption, India, Softbank, Funding, Tech, Companies, Automotive, United States, Transport, Tencent, Bmw, Tiger Global


Ola’s electric mobility unit raises $56 million in first funding round: Reuters

Ola Electric Mobility Pvt Ltd, a company backed by Indian ride-hailing platform Ola, said on Friday it raised 4 billion rupees ($56.4 million) in a funding round led by several of Ola’s early investors including Tiger Global and Matrix India. This is the first round of investment for Ola Electric, which currently runs several pilots to deploy electric vehicles and charging solutions. The announcement comes a day after India’s cabinet approved a scheme to spend $1.4 billion to subsidize sales of ...
Tags: India, Trends, Ola, Reuters, VC Deals, Ola Electric Mobility Pvt Ltd, Ola Electric