The absence of stable leadership and clear-cut business plan is hurting the electric vehicles unicorn.
What does Ola Electric do? This is a question that has often vexed analysts and venture capital investors. The company is ostensibly meant to deal in building out infrastructure and technology for us in electric vehicles. The mandate is broad, and it has dabbled in charging stations, three-wheelers, two-wheelers, battery swapping and more.
Ola Electric Mobility Pvt. Ltd started life as a wholly owned subsidiary of ANI Technologies Pvt. Ltd, the corporation that runs ride-hailing service Ola. In March 2019, it was spun out as an independent company, with Ola CEO and co-founder Bhavish Aggarwal buying almost all of the …
Nikhil used to a writer at The Morning Context. He is a graduate of the Asian College of Journalism, and has worked with several publications including the Deccan Herald, The Hindu and The Indian Express. He has reported on a wide range of topics, from technology to automotives to books.
nikhil@mailtmc.com