Ola to Roll Out 10000 EVs in 12 Months

Ola launches

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.

Wholesale price inflation slows down to 2.47% in March
The Wholesale Price Index ( WPI )-based inflation came in at 2.47 per cent for March 2018, below market expectations. That compares to the Reserve Bank's quarterly projection of 0.6 per cent for an annual rise of 1.1 per cent.

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.

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