Ola to deploy 10000 electric vehicles in 12 months

Ola to deploy 10000 electric vehicles in 12 months

Ola, Uber's main rival in India, said Monday that as a first step it's aiming to roll out a fleet of 10,000 electric rickshaws in several cities over the next 12 months.India's ubiquitous three-wheeled taxis are normally fueled by gas.

The company said it plans to hit the 1 million vehicle target by 2021. Ltd., stated that it is negotiating with various state governments, automakers, and battery producers to meet its goal. The company is also talking to original equipment manufacturer (OEM) partners and electric vehicle innovators globally to bring vehicles on the road in a planned and phased manner.

Ola has been on an expansion spree in recent months.

Ola now has more than a million drivers across 110 Indian cities, so its plan would mean electrifying the vast majority of the vehicles available via its app.

In a statement, the company said it "will work with driver-partners, cities, vehicle manufacturers, and battery companies to make sustainable technologies cost-effective and viable in daily mobility". Building on the pioneering electric vehicle pilot by the company in Nagpur, Ola believes electrification can improve outcomes for drivers, customers, and its business model.

The company plans to create an existing trial program in Nagpur, where Ola's first EVs have already clocked more than 4 million kilometers (km). It says the program has delivered knowledge into effectively managing vehicles, batteries and operations. Ola plans to keep on testing different methods to optimize batteries and charging.

Ola already runs more than 200 electric vehicles in the western Indian city of Nagpur under a pilot project it started nearly a year ago.

"Three-wheelers are a vital means of transportation and a source of livelihood for millions of people every day".

The firm now provides ride-hailing services to 110 cities in the country and has over a million drivers. Ola co-founder and CEO Bhavish Aggarwal also pointed out that it represents an immediate opportunity to improve outcomes for all stakeholders while reducing pollution.

Reports last May had suggested that Japanese holding firm SoftBank Group Corp., Ola's main investor, was bullish about the electric auto market in India.

The company said it will further expand its EV fleet to three other Indian cities but did not disclose the names. But its drivers, unhappy with long wait times at charging stations and high operating expenses, said they want to return the cars.

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