fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Infrastructure Transportation

Ola’s new category ‘Ola EV’ debuts in London

Ola offers Zero-emission rides

The Global Economics by The Global Economics
May 14, 2021
in Transportation, Logistics, Technology, Transport
Reading Time: 2 mins read
0
Ola's new category ‘Ola EV’ debuts in London

Ola's new category ‘Ola EV’ debuts in London

876
SHARES
4.9k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

The recent announcement by the company Ola about the new service to the consumers is about the launch of a new category of ride-booking for electric vehicles through the app. The category will debut in London which is ‘a global first’ by the Indian company. The company has named this category ‘Ola EV’. From this week London users can experience the service. The enhanced service is offered at the usual cost to the riders said the company.

To stop the pollution and in a view to start environment-friendly transport system the electric cars are a step to protect the atmosphere. The launch will offer zero-emission cab rides with a commitment to green transport networks. The company will introduce the new category all over the world in the future and the app-based cab aggregator will be operational. 

The platform needs to grow; to do so the company has planned to bring additional 700 or more drivers in the days to come. The company offers a zero percent commission rate to the electric rides to the drivers for the initial 3 months. The zero commissions may attract drivers from other companies.

The company believes that the driver-centric method will lead to a surge in the number of fully electric taxis. Ola has made a remarkable innovation that solves the major challenges of the transport system. The initiative of no-cost electric rides which benefits the environment with zero-emission offers a chance to the riders and the drivers to play their part in protecting the environment.

In addition to the electric cabs, Ola is planning to launch the world’s largest factory in Tamil Nadu to make electric bikes. Ola is preparing for the Future factory at a rapid pace where the estimated capacity is 10 million units every year.

Due to the pandemic the automobile industry has faced losses, the global electric vehicle market size in 2019 was USD 273.22 billion which dropped to USD 246.74 billion in 2020 yet the growth projection is USD 985.72 billion in 2027 at a CAGR of 17.4% in the 2020-2027 period.

Although the company has seen many roadblocks due to the pandemic it has geared up for recovery with the new categories. The company will raise more than $300 million in the new round of financing. The funds from Temasek will range between $120-150 million and the rest from existing investors SoftBank and Tiger Global.

 

 

Tags: electriccabselectricvehicleenvironmentfriendlyEVolaOlaEVreducepollutionridebookingzeropercentcommission
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Can Swappable Batteries For EVs Work? Singapore’s Mo Batteries Is Hopeful
Technology

Can Swappable Batteries For EVs Work? Singapore’s Mo Batteries Is Hopeful

by Marifur Rahman
February 6, 2023
Oil storage tank
Islamic

Saudi Arabia Lowers Crude Prices For Asia, Not For the US

by Anuj Singh
January 31, 2023
A girl using a smartphone
Digital

China’s 2022 Smartphone Sales Plunge to the Lowest Level in a Decade

by Khushboo Pandey
January 30, 2023
Landmark event in the aviation industry: ZeroAviva's Dornier 228
Energy

Break-Through In The Aviation Industry As ZeroAviva Flies The World’s Largest Hydrogen Aircraft

by Shreejita Roy
January 20, 2023
Davos Bitcoin
Technology

Davos 2023: Muted Crypto Crowd, Cautious Optimism For Metaverse Mark World Economic Forum

by Marifur Rahman
January 20, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Bears Have Paused Playing Ahead Of Fed, ECB and BOE Speeches

Bears Have Paused Playing Ahead Of Fed, ECB and BOE Speeches

February 8, 2023
Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

February 7, 2023
AMC Theatre

Want a Seat In The Middle of The Theatre? Pay More: AMC Movies

February 7, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version