Ola to Roll Out 10000 EVs in 12 Months

Ola will add 10000 electric rickshaws to its India fleet over the next year

It's part of the company's "Mission: Electric" sustainability initiative, which wants to bring one million electric Ola vehicles to the road by 2021 - there are now 800,000 vehicles in the total Ola fleet.

From cycle rickshaws to "shuttles" and last-mile transport, three-wheelers continue to be a dominant form of daily transit for many across the country as well as "a source of livelihood for millions of people every day". "It also represents an immediate opportunity to improve outcomes for all stakeholders, while reducing pollution across towns and cities", said Bhavish Aggarwal, co-founder & CEO of Ola. After Ola launched India's first multi-modal electric vehicle project in Nagpur in May 2017, a Reuters report of March 2018 revealed that a number ofOla drivers have expressed their dissatisfaction, primarily due to long wait times at charging stations and high operating costs. Ola is one of the most vocal purveyors of electric mobility in the country.

To resolve the issue, a spokesperson for Ola said the company has set up charging docks at houses of some drivers to save time by swapping batteries. The company aims to put over one million electric vehicles on the road by 2021. "Ola leads by example, and we look forward to working with state governments and other partners to introduce accessible, affordable, and sustainable mobility solutions at scale", he added.

The company also increased its commitment to the Nagpur pilot and further expanding its EV fleet to three other Indian cities. The idea is to bring cleaner, more comfortable, and safer products to market. Last month, however, Factor Daily reported that Ola is scaling back its electric vehicle plans after India's government appeared to become less enthusiastic about creating an explicit EV policy, despite its previously stated goal of making all new vehicles electric by 2030. 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". 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.

New Kingdom Hearts 3 Trailer Highlights 8-bit Mini Games
The retailer later changed the release date to December 31, indicating that the game will arrive this year. These were The Karnival Kid , The Barnyard Battle , Musical Farmer , and Giantland .

Ola plans to continue its experimentation with ways to optimise batteries and charging, to develop a strong business model for electric vehicle deployment in the country.

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.

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

Related News:

  • Bank of America discloses record profit

    Bank of America discloses record profit

    With $37 highest and $24.0 lowest [Target] Bank of America has $33.63 average [Target] or 12.85% above the current ($29.8) price. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.91 and a quick ratio of 0.90. (NYSE:THO) or 88,270 shares.
    AIIMS bars professor from guiding PhD students for three years

    AIIMS bars professor from guiding PhD students for three years

    Police said through social media, Khurram approached a doctor staying at the hostel and they became friends. He would roam around the campus wearing the lab coat and stethoscope all the time.
    Major Fire Breaks Out at Slums in Delhi; One Injured

    Major Fire Breaks Out at Slums in Delhi; One Injured

    An NGO had set up the Rohingya camp in Delhi's Kalindi Kunj locality in 2012 on a 150-odd sqm plot it owns. It added that the fire began at the back of the camp where the toilets are located.
  • Broncos releasing CJ Anderson

    Broncos releasing CJ Anderson

    The Broncos not only saved money by releasing Anderson, they opened up playing time for Devontae Booker and De'Angelo Henderson. Anderson had been on the roster bubble for a while, and many expected the Broncos to release him earlier this offseason.
    Air China Flight Diverted After Passenger Holds Flight Attendant Hostage

    Air China Flight Diverted After Passenger Holds Flight Attendant Hostage

    The Xiaoxiang Morning Herald quoted a passenger as saying that the problem was in first or business class. It identified the man only by his surname, Xu (徐), and said he was 41 and from Anhua County in Hunan.
    All accused acquitted in Mecca Masjid blast

    All accused acquitted in Mecca Masjid blast

    - Surinder Rao, counsel of Aseemanand: The local police had found other people responsible for the crime in the initial probe. Five persons were killed in subsequent police firing near the mosque as protests broke out after the blast.
  • 'Fuller House' Star John Stamos, Wife Caitlin McHugh Welcome Son

    'Fuller House' Star John Stamos, Wife Caitlin McHugh Welcome Son

    Stamos, 54, married actress Caitlin McHugh , 32, in February after popping the question at his beloved Disneyland last October. He captioned the image: "From now on, the best part of me will always be my wife and my son".
    Wetherspoons deletes all social media accounts after constant 'online abuse'

    Wetherspoons deletes all social media accounts after constant 'online abuse'

    The decision follows the recent #DeleteFacebook movement which saw companies like Tesla Inc. and Playboy Enterprises Inc. He said that he does not believe that closing the accounts will have any affect on the business "whatsoever".
    A fiery send-off for the mother of the nation Winnie Madikizela-Mandela

    A fiery send-off for the mother of the nation Winnie Madikizela-Mandela

    The Mother of the Nation was finally in her resting place sandwiched between her great grandchildren, Zenawe and Zenani Mandela. Malema also said that Ramaphosa was Madikizela-Mandela's President and not Zuma, who had ignored her.
  • Shire Announces Sale of Oncology Business to Servier for $2.4 Billion

    Shire Announces Sale of Oncology Business to Servier for $2.4 Billion

    Ornskov said the board will consider returning the proceeds of the sale back to shareholders through a buyback programme. The process identified multiple potential strategic buyers across the U.S., Europe and Japan, Shire said.
    Sensex rises for 8th straight session; Nifty reclaims 10500

    Sensex rises for 8th straight session; Nifty reclaims 10500

    At 14:04 am, Sensex was trading at 34,246, up 53.72 points, while the broader Nifty50 was ruling at 10,506, up 25.75 points. At 10am, Sensex was down 0.12% at 34,151.86 points, while the Nifty 50 edged down 0.14% to 10,466 points.

    Nexus Investment Management INC Increased Its Cenovus Energy INC (CVE) Stake

    TRADEMARK VIOLATION WARNING: This piece was originally reported by registrarjournal.com and is owned by of registrarjournal.com. The company reported C ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.12 by C ($0.55).


Most liked

U.S. pastor in Turkey on trial for terror ties
President Donald Trump asked that the government "expeditiously" return the pastor to the U.S. In a meeting past year with his Turkish counterpart, U.S.

Manchester City confirmed as champions as rivals United lose
The Portuguese manager said that City deserved their title and he had offered them his congratulations after the derby win. But at Old Traffrord Stadium at home, Man United failed to muster an equaliser to Jay Rodriguez's 73rd-minute strike.

ConocoPhillips (COP) Hit 1-Year High at $64.61
The company's shares were assimilated at $52.06 per share worth to an investment of some $104,120 on account of Bunch Charles E. After $-2.52 actual EPS reported by bluebird bio, Inc. for the previous quarter, Wall Street now forecasts -23.41% EPS growth.

Manchester City win the title: How pundits, managers, players reacted
After sacking Alan Pardew at the start of the month, Darren Moore has been handed the West Brom until the end of the season. I've never been able to retain a title and I want to see if this team has it in it to be even more successful.

Salah Hits 40 Goals As Liverpool Beat Bournemouth
A less heralded aspect of the England midfielder's repertoire was also significant as he provided the assist for Mane's opening goal.

United States to announce new economic sanctions on Russian Federation
Reports earlier this week claimed that the United States military would notify its Russian counterparts of potential targets before a strike.

Telegram messenger app blocked in Russian Federation
Telegram founder Pavel Durov has maintained that the service does not have access to the encryption tools. The FSB has said it needs such access to guard against security threats such as terrorist attacks.

Is Tesla Inc Stock Set to Plunge 35% to Multi-Year Lows?
The stock has "Hold" rating by Oppenheimer on Thursday, August 3. "Excessive automation at Tesla was a mistake", Musk tweeted. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV).

Google Launches New Gmail Design Soon
The tech firm is said to be working on a " confidential mode " which will destroy emails after they have been sent. This link will expire after a set period of time, meaning that the email has effectively disappeared.

Despite Trilateral Attacks OPCW Will Continue Douma Chemical Weapons Investigation
Vassily Nebenzia, Russia's United Nations ambassador, said Russia has "clear evidence" that the chemical attack was staged. A number of NGOs, including the White Helmets, stated that chemical weapons were used in Eastern Ghouta on April 7.

Inmates Killed, 17 More Injured, in South Carolina Prison Violence
At least seven people are dead after fights broke out at a maximum security prison in SC , according to authorities. ET Sunday and involved "multiple inmate altercations in three housing units", Taillon said.

The ideal party speaker? Sony thinks it has hit the spot
Both the headphones offer up to 20 hours of backup while the WH-CH300 with a neckband design promises eight hours of battery life. Lastly, the WI-C300, WH-CH400, and WH-CH500 are wireless headphones that come with a one-button shortcut to Google Assistant .

Pratyeka Hoda Sadhana Samithi demands special status for AP
However, the Centre has been assuring the people of Andhra Pradesh that it will do everything to help the cause of Andhra people. The Chief Minister made it clear that he will not compromise on securing interests of the state.

Weekly BHP Billiton Limited (NYSE:BHP) Ratings on April 14, 2018
Finally, Sensato Investors LLC purchased a new position in shares of BHP Billiton in the fourth quarter valued at about $222,000. Great West Life Assurance Com Can holds 0% in Endurance International Group Holdings, Inc. (NASDAQ:FB) for 40 shares.

Manchester City win Premier League title as rivals United lose
West Brom had the first chance in the 12th minute, Jake Livermore's low shot saved by a stretching De Gea. Hopefully [he will be back] for the last games, if we need him, and especially for the World Cup ".