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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 ...
Bankrupt 2017, factory dismantled and plant sold off (but as of 2021 planning to return as LML Electric with electric scooters [74]) — India; Lohner (1950–1963), Rotax-Sachs and ILO engines; [75] Merged with the Rotax engine company to form Lohner-Rotax in 1959 — Austria; MAC (1972–1977), brand of API — India
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.
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 ...
Okinawa Autotech was founded in 2015 by Jeetender Sharma, [4] a veteran of the two-wheeler automobile industry, and his wife Rupali Sharma. [5] In 2017 Okinawa Launched India's first high-speed electric scooter, the Okinawa Ridge. [6]
The company holds two brands: Joy e-bike and Joy e-rik. The company's range of electric scooters is assembled at its facility located in Vadodara. [7] According to The Economic Times report, Wardwizard Innovations & Mobility Limited is the first company to be listed on the Bombay Stock Exchange under the electric vehicle manufacturing category.
In October 2021, Ola acquired GeoSpoc, a Pune-based geospatial technology company. Founder Bhavish Aggarwal wrote in a blogpost that the acquisition would help the company convert satellite imagery into web maps. [45] In July 2024, Ola launched Ola Maps as alternative to Google Maps API, with Aggarwal urging Indian developers to use India-based ...
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]