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Rideshare company Ola aims to make India a global electric vehicle hub

An employee speaks over his phone as he sits at the front desk inside the office of Ola cab service in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 20, 2016.  REUTERS/Anindito Mukherjee/File Photo

December 2 (Reuters) – Indian rideshare company Ola has received 1 million bookings for its electric scooter, chief executive Bhavish Aggarwal said on Thursday, with the first deliveries on track for December 15.

Aggarwal also said that Ola’s first electric car will be released in 2023 as the company, backed by Japanese group Softbank (9984.T), aims to make India a global hub for electric vehicles.

“Our electrification ambitions are to make India the global hub for electric vehicles,” Aggarwal told the Reuters Next conference.

Ola, which has a majority share of the Indian ride-hailing market, where it competes with Uber Technologies (UBER.N), is increasingly present in several global markets such as Australia and Great Britain.

Founded in 2010 by Aggarwal, Ola plans to raise up to $ 1 billion through an Initial Public Offering (IPO) in the coming months, joining a large number of Indian start-ups preparing to go public. .

Our Standards: Thomson Reuters Trust Principles.

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