Ola Hypercharger Network will also be the densest network, spread over 400 cities with more than 100,000 charging points
With 35 years at Hyundai Motor and Kia, Yongsung brings global auto sales experience from North America, Europe, UK, Middle East, Africa, ASEAN and Asia Pacific
Known for its phones and emerging from nowhere in the segment, it might take on the scooter Goliaths
By setting up massive capacities in a limited market against entrenched competition, founder Bhavish Aggarwal has his work cut out proving the sceptics wrong
Ola will initially source the cells for the Li-ion battery used in its soon-to-be-launched e-scooters from South Korea
From Mutual funds becoming net sellers of Indian equities first time in 7 years to Ola Electric planning to set up Li-ion battery plant, here are the top headlines this morning
Ola Electric's scooter: Pricing would be critical as cost is the biggest deterrent at present
Bhavish Aggarwal-led Ola Electric's Rs 2,400 crore unit is being built at record-breaking speed to become the world's largest two-wheeler plant
The world's largest two-wheeler factory is expected to create 10,000 jobs.
The manufacturing facility is coming up in Tamil Nadu
The network is for electric two-wheelers
The MoUs were signed in the presence of Tamil Nadu Chief Minister K Palaniswami
Earlier this year, Ola announced plans of hiring over 2,000 people for its electric business
In May, Ola had announced laying off 1,400 employees, or over 33 per cent of its workforce, as Covid-19 continued to pound the transportation industry
Deal will bolster Ola Electric's engineering and design capabilities with Etergo's extensive vehicle development experience with leading auto firms Tesla, General Motors, Ferrari, Jaguar and BMW
Business Standard brings to you the top headlines of the day
Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.
The Ola-backed company, which operates in Bengaluru, Hyderabad and Mysore, is also betting on electric mobility and aims to have 20 per cent of its fleet as EVs
The agreement, valid for a period of three years, will hasten adoption of electric vehicles in the city
B V R Subbu currently manages a boutique strategy-consulting firm, advising global PE funds. He is also on the boards of various automotive and tech firms