Ola Electric, the electric vehicles unit of Ola, which provides cab services through the app, is planning to sell electric scooters in the international market. The company said that the sale of its S1 and S1 Pro scooters will be started in Nepal soon. For this an agreement has been signed with CG Motors in Nepal.
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 abroad means the growth of the company as well as the world. EV India has an important role to play in moving the segment forward.” He said that India will have to make a big contribution to take the electric vehicle segment to the next level. Had it.
The company has decided to reduce around 200 engineering jobs. Ola, which is invested by Japan’s SoftBank Group, says it is looking to become an integrated mobility company. Hailstone The company has made preparations to strengthen its position in two-wheelers, four-wheelers and manufacturing. Ola has overtaken Uber to capture 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 deferred its stock market listing plans in the first half of this year. The reason for this was 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 km in a single charge. It will be able to catch 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. In this, the designing of the car is shown, in which the outer structure of the car is being made through computer and clay modeling.
(This news has not been edited by digitnews team. It has been published directly from Syndicate feed.)