Ola

Since the fall in the number of rides last year, the company has been focusing on getting its EV business up and running as soon as possible.

In 2019, Ola had said it would go public by March 2021. However, the pandemic has derailed its plans and it’s currently focusing on building its electric vehicle fleet.

Grouping together other sectors with e-retailers has become a source of worry and discontent among e-commerce firms.

Propelled by the two-wheeler and three-wheeler segment, EV adoption in India is on the rise. But there are still challenges to overcome.

Sprawling network will power ride-hailing company’s two-wheelers.

Ola is building the world’s largest two-wheeler manufacturing plant, which plans to churn out ten million EVs by 2022.

Vanguard Group, that slashed Ola’s valuation is a minority investor with less than 1% in the firm.

In May 2020, Ola Electric turned its focus to become a full-stack manufacturer of two-wheeler EVs.