It is becoming a hub of electric two-wheeler investment by a slew of manufacturers and component suppliers
Pranay Jivrajka was CEO of Ola Foods and an early employee of the ride-hailing firm
SMEV data shows that two-wheeler EV sales between April and December stood at around 80,000 units - 3,000 units in Q1 (April-June), rising to 35,000 units in Q2 and 42,000 in Q3
EVs will become a more than $300-bn market by 2030. Charging of these vehicles is still a constraint and, therefore, all the players in this segment have created their own captive charging stations
The funds will help expansion plans, fight with rival Uber
Chinam Netaji Patro, who drove the research and development (R&D) of electrical and electronics at Bajaj Auto, joined Ola last month as its senior director for EVs