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In terms of market share, Uttar Pradesh leads the nation, accounting for over 14% of India's EV market in 2023. The state has dominated the three-wheeler segment, with more than 40% of electric three-wheelers in the country. In the fourth quarter of FY 2023-24, UP recorded approximately 83,154 EV sales, representing 16.07% of India's total EV ...
Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [10] [11] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
Simple Energy produced its first electric scooter in 2019, followed by their main product, Simple One, in 2023. [1] [5] [3] [2] The company opened a new manufacturing facility in Shoolagiri, Tamil Nadu, in January 2023. [6] It had a round of fund raising in July 2024. [7] [8]
India's IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its e-scooter business, two people with direct knowledge of the decision ...
The new e-scooter models, S1X and S1X+, will be priced at 99,999 rupees ($1,199.15) and 109,999 rupees, respectively, with the cheapest variant of S1X about 36% lower than Bangalore-based Ola's ...
Since electric motorcycles and scooters have relatively small frames, they typically have short ranges, restricted by the volume available for energy storage. [42] Most electric motorcycles and scooters are powered by rechargeable lithium ion batteries, though some early models used nickel–metal hydride batteries.
Ather Energy is an Indian electric two-wheeler manufacturer headquartered in Bangalore.It was founded by Tarun Mehta and Swapnil Jain in 2013. It currently manufactures electric scooters including the Ather 450 Apex, Ather 450S, Ather 450X, Ather 450X Pro, and Ather Rizta.
Bajaj Auto is also the manufacturer of Yulu’s third generation of vehicles. The company became India’s largest EBITDA (earnings before interest, taxes, depreciation and amortisation) profitable shared electric mobility company in 2024. It claimed to have achieved an Annual Recurring Revenue (ARR) of $30 million in FY2025. [9]