July 23, 2017

SoftBank bullish on EVs in India—are they going to be Ola’s next big bet?



Fleet of ola cabs
Image Courtesy of Ola

This Friday, Ola—in partnership with Mahindra—announced having launched a programme to build an electric mass mobility ecosystem in Nagpur . However, media reports now suggest that Ola is headed the electric car way, or at least that its lead investor—SoftBank—is bullish about the electric car market in India.

Maharashtra’s Chief Minister Devendra Fadnavis and Nitin Gadkari, Minister of Road Transport, Highways, and Shipping inaugurated the multi-modal electric vehicle project and Ola Electric charging station.

Reports suggest that the Indian government is already in talks with SoftBank for low-interest funding of about two lakh electric buses to be deployed  […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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