Ola CEO Bhavish Aggarwal, speaking at the Reuters Next Conference, stated that as part of his ambitions for its EV business, it planned to list the company EV business as well in the future.
Ola like a host of other tech-based startups has witnessed exits of several senior executives. The list includes chief financial officer Swayam Saurabh and chief operating officer Gaurav Porwal.
Additionally, the company announced plans to hire 10,000 people to steer the company's ambitions.
In a blogpost, Ola CEO Bhavish Aggarwal announced that keeping in mind their production plans, customers have time till today to place orders for their S1 and S1 Pro Scooters
The EV sales in India stood at 3,80,000 in 2019-20, and the EV battery market stood at 5.4GWh during the year, according to India Energy Storage Alliance (IESA).
The traditional taxis have always remained heavily male-dominated, but female drivers have always posed a serious threat to the long-established ideas of patriarchy and masculinity.
Ola is a taxi service provider in India, Australia, and New Zealand, established by Bhavish Aggarwal and Ankit Bhati in 2011. In some markets, it also competes with Uber.
The company said this will be a one-time exercise and will be complete by the end of this week for the India Mobility business, and by the end of next week for Ola foods and Ola Financial Services.
It would be wrong to look at the taxi services to identify the slump. The reasons are elsewhere, related to the overall slump of the economy which showed a low GDP growth of 5 per cent in August this year as compared to 8 per cent growth in the same month last year.
Swastika Dutta, a popular name in Bengali serials, said in a Facebook post on Wednesday that the app-based cab driver cancelled the ride midway and misbehaved with her in Kolkata.
In the largest financing by an individual in the history of Ola, Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in the Indian ride-hailing company to compete with the rival Uber.
The incident took place on Friday, when the cab driver got a booking from Adugodi and reached the pick-up point.
In this file image, Army Chief Gen Bipin Singh Rawat along with his wife Madhulika Rawat attends the funeral of Marshal of the Indian Air Force, Arjan Singh at Brar Square in New Delhi. An Indian Air Force helicopter...PTI Photo/Kamal Singh
Nihangs or Sikh religious warriors take out a religious procession on the occasion of Guru Teg Bahadur's martyrdom day, at Singhu Border, in New Delhi.PTI Photo
In this file image, Union Defence Minister Rajnath Singh being presented a memento by Chief of Defence Staff Bipin Rawat during the celebration of Swarnim Vijay Varsh of 1971 war victory against Pakistan at Yelahanka...PTI Photo/Shailendra Bhojak
Leaders from the opposition parties Sanjay Singh, Mallikarjun Kharge and Tiruchi Siva address the media at Vijay Chowk in New Delhi.PTI Photo/Ravi Choudhary
In this file image, Prime Minister Narendra Modi is greeted by Army Chief Gen Bipin Rawat during the 68th Republic Day Parade at Rajpath in New Delhi. An Indian Air Force helicopter with Chief of Defence Staff General...PTI Photo
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