SoftBank to fund Ola with e-car rider

Growing the number of electric vehicles on Ola's platform is part of the terms SoftBank has put forth for the funding

Ola, the country’s largest taxi hailing company, has been mandated to step up its play in the electric mobility segment as part of its latest funding round that would see it raise $2 billion from investors including SoftBank and Tencent.

Ola would soon begin replicating its experiment with electric mobility in Nagpur to other cities, with a focus on smaller towns where it can quickly set up charging infrastructure. 

Delhi could become the first large city after Nagpur where Ola would invest in growing its fleet of electric vehicles. The company already has a small number of e-rickshaws on its platform in