Ola Electric vehicle Archives - Gizmochina

Ola Car teaser showcases sporty sedan design silhouette

Sean — Mon, 18 Jul 2022 06:30:55 +0000

The CEO of Ola, the popular ride hailing service in India, has just shared a new video teaser for the company’s upcoming electric car. This will be the first model of its kind from the brand and the teaser hints at its design.

We’re going to build the sportiest car ever built in India! pic.twitter.com/IyMKgQvTOi

— Bhavish Aggarwal (@bhash) July 16, 2022

Ola CEO Bhavish Aggarwal shared the teaser on his official Twitter handle. In the tweet, the senior official also said that the company’s first ever electric car will be the “sportiest car ever built in India,” which is a tall claim. Looking at the teaser video, we can tell that the new electric car from the brand will feature a sporty sedan type of design. As of right now, finer details regarding this Ola Car is still unknown.

However, it is believed to be announced sometime by the end of next year. Furthermore, the taxi service has also announced that it will be sharing more information regarding this electric vehicle next month, on August 15. Notably, this wasn’t the first time that the upcoming electric car was teased, with the previous one showcasing the close up of the car’s front from a side angle.

This teaser revealed that the car will feature continuous LED lights across the bumper along with U shaped headlights at the end. The company plans on building the EV entirely in India, with another recent official video revealing the battery cell that will power the brand’s upcoming EV models. Apart from the electric car, Ola is also expected to be working on a cheaper two wheeler model as well. So stick around for more updates regarding this matter.

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Ola becomes E-Scooter sales market leader in India amid fire accidents

Sean — Wed, 04 May 2022 11:46:55 +0000

Despite just recently getting into the electric scooter market, Ola Electric has already become the market leader in the segment. The popular ride hailing service has managed to take the lead, even amidst backlash over recent fire related accidents of its EVs.

To take the throne, the company even overtook the former market leader Hero Electric. According to the Vaahan Portal of the Ministry of Road Transport and Highways (MoRTH), the brand managed to sell 12,683 units of its electric scooters just last month, which marked a month on month rise of 39 percent over March 2022. Furthermore, Ola Electric has also recorded significant growth in EV sales even amid scrutiny from the government and complaints over its newly launched e-scooters.

For those unaware, we had previously reported on S1 Pro owners complaining of issues and bugs like the reverse mode. We had even covered the e-scooter catching fire in Pune and a man parading around the S1 Pro with a donkey after it stopped functioning mere days after it was purchased. The company is relatively young and had first launched the S1 Pro back in August 2021. Since then, it had seen robust orders and pre-orders for its latest release.

And despite fears of electric vehicle’s fire safety in India, the company managed to see a sharp sales rise even in the month of March 2022. On the other hand, Okinawa Autotech was the runner up in terms of sales while Hero Electric declined to the third spot after seeing a sharp fall of around 50 percent tin April 2022.

Indian e-scooter giant Ola to open an Electric Vehicles facility in the UK

Jed John Ikoba — Sat, 29 Jan 2022 17:37:25 +0000

In a clear expansionist move, Indian ride-hailing startup and fast-rising EV manufacturer Ola plans to build a £100m ($134.06m) electric vehicle research and development (R&D) facility in the United Kingdom. The news comes as a boost to the UK automotive industry which has had a mixed bag of fortunes in recent times.

Ola is a rapidly-expanding tech firm with electric vehicle manufacturing interests. It already has a few e-scooters under its belt and recently unveiled its concept car design in India. Ola’s investment in the new R&D plant is to subsequently yield electric vehicles wholly designed by the firm.

Ola Electric, days back raised $200m in funding at a reported $5b valuation from Japanese tech investor, Softbank. It is also reportedly planning a stock market float to raise as much as $2bn.

Ola is a leading ride-hailing app, with the company saying it is the third-largest in the world. Ola launched its taxi app operations in the United Kingdom in 2018. It is operational in several UK cities including London, Birmingham, and Cardiff. The new facility will be sited in Coventry in the West Midlands, the center of the UK automotive industry. It will create up to 200 jobs in design and engineering, with focus also beamed on research on EV battery technology.

Ola said the new UK facility will collaborate closely with the headquarters, although little detail was provided on the manufacturing capacity of the Coventry facility.

The £100m ($134.06m) investment seems to be a vote of confidence in the UK automotive industry as it continues to rebound after years of underperformance. This has led to a recent surge in investment in the sector. London’s trade issues with the EU also saw some of the big players holding back to get clarity in the market. The UK EV market holds some promise as EVs still only accounted for about 12% of UK car sales in 2021.

According to the company, the new UK plant, Ola Futurefoundry will enable the company to tap into the automotive design and engineering talent in the UK to create the next generation of electric vehicles. The plan remains to continue to produce affordable electric vehicles in the UK. The company hopes to create a world-class design and R&D team with global sensibilities.

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Ola Electric concept car design shows it’s on course for 2023 unveiling

Jed John Ikoba — Tue, 25 Jan 2022 19:57:00 +0000

Popular Indian electric two-wheeler manufacturer Ola Electric is expanding its operations to the production of electric vehicles and its concept EV just unveiled points to progress in its evolution. Ola Electric plans to have its first battery-electric car by 2023, which is a very optimistic target.

A tweet by Ola’s CEO Bhavish Aggarwal points to the possible launch of the company’s first electric car in 2023. Some photos of the concept car show a stylish design of a hatchback. Ola had begun as a ride-hailing company but has fast expanded into EV manufacture with a very strong presence in India. Its two electric scooters launched last year have had some degree of success in the market.

Can you guys keep a secret? pic.twitter.com/8I9NMe2eLJ

— Bhavish Aggarwal (@bhash) January 25, 2022

Ola Electric is aiming to tap from the massive opportunities in the car segment of the EV market and the company is certainly pursuing its development of the Ola electric car with great vigor. There has been some official confirmation that the company’s first electric car which was teased by its CEO, will be released in 2023. Ola says it will also have a separate manufacturing facility for its four-wheelers, as the current Future factory will not be adequate for the manufacture.

There are also indications that Ola will be getting funding support from Japan’s Softbank Group, which is an indication of the investment focus of the company. Ola continues to pursue its goals of making India a hub for electric vehicles. The favorable regulatory and incentive regime in the subcontinent, coupled with the challenges and cost of driving combustion vehicles, has continued to draw new converts to the electric vehicle train in India. More details about the Ola Electric concept car will surface later as the company continues to hype the car.