Economy

Ola to introduce 10000 electric three-wheelers in a year

Ola to introduce 10000 electric three-wheelers in a year”

The Bangalore-based startup, which is backed by major investors such as Japan's SoftBank, did not elaborate on how it plans to grow its electric fleet so rapidly.

The additional 10,000 e-rickshaws and electric auto-rickshaws will be introduce across three more cities in the country this year, though it was not specified which three cities the company is exactly looking into. Electric cabs and buses, as well as rickshaws, were included in the Nagpur roll out. Ola wants to have about a million electric vehicles on the roads by 2021. The company also partnered with Mahindra for an exclusive EV mass-transit ecosystem in Nagpur. The Bengaluru-based company had started its electric vehicle project in May previous year in Nagpur and claims to have clocked 4 million kilometres of travel by these electric vehicles in the city.

Ola will work with driver-partners, cities, vehicle manufacturers, and battery companies to make sustainable technologies cost-effective and viable in daily mobility. It says the program has delivered knowledge into effectively managing vehicles, batteries and operations. "The company plans to continue its experimentation with ways to optimize batteries and charging, to develop a strong business model for EV deployment in the country" the company said in a statement. 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.

With a mission for nearly 100 percent electric mobility by 2030, the government is trying out different models to give EV a push in the country. 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".

The latest move will now help government, private operators and OEMs to join hands in developing a robust model for wider adoption of EVs in the country. The company has also installed rooftop solar panels, charging stations and battery-swapping terminals in the city. As per the new law, it does not in any way include the sale of electricity to any person and vehicles have to be charged within premises.



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