Ola to add 10000 EVs in next 12 months

Marco Green
April 16, 2018

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. Moreover, as India's largest private vehicle fleet operator, Ola represents a natural catalyst for the electric vehicle technology.

Three-wheel rickshaws are a popular way of making quick trips in many cities and can be hailed through Ola's app; the company's electric vehicle trial program in Nagpur, which started in May 2017, already includes rickshaws.

The company plans to have one million EVs across categories on the roads by 2021.

Last May, Ola launched a pilot project to test a fleet of electric vehicles in the Western city of Nagpur. Nagpur drivers faced difficulties with long waits for charging stations and higher costs than traditional fossil fuel consuming vehicles.

In its latest Mission Electric, the company is planning to work with drivers and collaborate with city administrations.

OLA will help to build a cost-effective EV ecosystem, which will be viable in daily EV mobility. "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. 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".

Ola is also discussing with original equipment manufacturers (OEM) partners and EV innovators across the globe to launch the vehicles at the planned time.

Electric vehicle sales in India, one of the world's fastest-growing auto markets, made up less than 0.1 percent of annual sales of more than 3 million passenger cars.

India wants to ensure that by 2030 all new vehicles will be electric, though it has failed to back up this ambition with any explicit policy or roadmap.

With the latest amendment in Electricity Act of 2003, there is no need for a license to set up an electric charging station anymore. The company has also installed rooftop solar panels, charging stations and battery-swapping terminals in the city.

Didi Chuxing, the dominant player in China, is offering electric vehicle sharingin partnership with 12 companies including Renault, Nissan and Kia.

Other reports by Click Lancashire

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