Even as Uber is exiting all ancillary businesses to focus on ride-hailing, Ola’s Aggarwal is gaining breadth and sinking deeper into electric mobility.
Wise men say the future of mobility is electric. It would seem Ola CEO and co-founder Bhavish Aggarwal has taken this prediction to heart. While Ola has been charging its electric mobility dreams for over three-and-a-half years now, its biggest bet came earlier this week. On Monday, the company announced its plan to set up the world’s largest electric two-wheeler manufacturing facility at Hosur, an industrial town in north Tamil Nadu, bordering Karnataka.
Indian ride-hailing firm Ola, backed by Japan’s SoftBank Group, said on Monday it planned to invest 24 billion rupees ($326 million) to set up a factory in …
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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.
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