Ola and Ola Electric co-founder says India’s EV industry saw 20x growth by 2022-end, with monthly run rate increasing from just 4,000 units a month in June 2021 to 80,000 units towards 2022-end.
Bhavish Aggarwal says Ola Electric recorded the highest ever sales in India in Oct. Okinawa Autotech, the second biggest EV maker, sees 111.8% growth on month-on-month.
After announcing a physical presence at over 200 locations by FY2023, Ola Electric has taken the first step to be present in up to five international markets.
Bhavish Aggarwal says Ola is exploring alternate chemistries to lithium and is also working on sulfur-based chemistries, which will fructify in the long term
Ola CEO Bhavish Aggarwal says Ola is building the "world's most advanced" cell research centre and that having a robust local EV ecosystem is crucial for India to become a global EV hub
Ola Electric’s market share in April grew 39% when compared to March. It dethroned segment-leader and one of its oldest incumbents, Hero Electric, for the pole position
Ola CEO Bhavish Aggarwal says group CFO GR Arun Kumar will help him manage operations at the company; adds he wants to double down on “building future” at Ola.
Ola intends to develop the Futurefactory as the largest scooter-manufacturing facility in the world with an annual production capacity of 10 million units.