Indian ride-hailing startup BluSmart is seeking to challenge Uber and Ola for market share in the country with bets on an all-electric taxi fleet and an aggressive bid to lure disgruntled passengers and drivers from the incumbents. A clean energy push by Prime Minister Narendra Modi’s government is expected to significantly change India’s transport industry … Read more
Ride-hailing service providers Ola and Uber have applied to the Maharashtra government for aggregator licences, a Regional Transport Office (RTO) official said here on Friday. Sets of guidelines brought out by the Centre and the Maharashtra government mandate such app-based companies to obtain a licence. Currently, the government cannot efficiently take action in case of … Read more
Uber Technologies said on Friday that the plans by the local government in India’s Delhi city to only allow electric vehicles to function as bike taxis would risk “finishing off the sector” and impact the mobility needs of millions. Delhi’s plans, part of a new policy to regulate vehicles used by ride-hailing companies like Uber and … Read more
SoftBank Group-backed Ola Electric would invest $920 million (roughly Rs. 7,600 crore) in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a state government statement said on Saturday. Ola will invest $920 million (roughly Rs. 7,600 crore) through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, … Read more
Ola Electric will open 500 experience centres across India by March this year as it seeks to be closer to consumers, company founder and CEO Bhavish Aggarwal said on Thursday. The company, which currently has 200 experience centres across the country, is also planning to bring an electric bike to the market. Ola’s experience centres … Read more