His key potential rival, a domestic two-wheeler with a global presence, dismisses the plan as “outrageous” and impossible to comment on. Others say it is just a game to up Ola Electric’s valuation, because its flagship ride-hailing business has faced a tough year due to the Covid-19 pandemic (Ola Cabs’ valuation was recently downgraded by one of its investors, US-based Vanguard Group).
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