Ola to deploy 10000 e-rickshaws in next one year

  • Ola to deploy 10000 e-rickshaws in next one year

Ola to deploy 10000 e-rickshaws in next one year

(Image for representation only) India's largest ride hailing company Ola plans to put 10,000 E-rickshaws and electric auto-rickshaws on its platform in the next 12 months.

It's part of the company's "Mission: Electric" sustainability initiative, which wants to bring one million electric Ola vehicles to the road by 2021 - there are now 800,000 vehicles in the total Ola fleet.

Ola, which operates in 110 Indian cities and has over a million driver partners, said the electric three-wheelers will be introduced in three cities but did not name them.

Ola co-founder and chief executive Bhavish Aggarwal said three-wheelers also offer an immediate opportunity to improve results for all stakeholders, while lessening pollution across towns and cities.

The company is now in discussions with stakeholders regarding the launch of its electric rickshaw program and is "willing to work with any city committed to sustainable mobility solutions". The project includes electric cabs, electric auto rickshaws, electric buses, rooftop solar installations, charging stations and battery swapping experiments.

Launched in 2011, with a cheeky $1.1 billion from major investors under its belt, Ola now claims to have 125 million users.

A year after Ola, in partnership with Mahindra & Mahindra, launched a programme to build an electric mass mobility ecosystem in Nagpur, the firm is now aiming to expand this across the country. After more than 4 million electric kilometers traveled and many lessons learned, we are significantly expanding our commitment to electrify mobility in India.

A million electric Olas by 2021In line with its Mission Electric programme, Ola is planning introduction of a million shared EVs on the country's roads by 2021, and improve outcomes for its driver partners, as well as work towards solving mobility issues in the country with environmentally sustainable solutions. The team did not comment on which three cities it is looking to at.

Ola claims that the Nagpur program has provided it with significant insights into effectively managing vehicles, batteries, and operations. Global OEM partners and EV innovators are also being talked to in order to execute the project in a planned and phased manner. Ola is the market leader in app-based hailing and intends to leverage its scale to bring cleaner, more comfortable, and safer products to market.

Reports also surfaced in May 2017 that Ola's chief investor SoftBank revealed plans to pivot Ola into an electric vehicle manufacturer.

However, two sources stated in March that Ola is downsizing its plans for its EV fleet, following the Indian government's statement of not needing an EV policy, despite Prime Minister Narendra Modi's goal to make all new cars battery-operated by 2030. As part of the initiative, the company rolled out electric vehicles made by Mahindra's Reva unit.