Homegrown cab aggregator OLA has been repeatedly trying to make its mark in the Indian EV sector.
Ola plans to have 1 million electric vehicles on offer by 2021, it said in a statement, adding that it will work with various state governments, vehicle manufacturers and battery companies to meet its target.
Ola, Uber's main rival in India, said Monday that as a first step it's aiming to roll out a fleet of 10,000 electric rickshaws in several cities over the next 12 months.India's ubiquitous three-wheeled taxis are normally fueled by gas.
A million electric vehicles on Indian roads has been a dream of Masayoshi Son, group chairman of Softbank, who has emerged as one of the biggest investors in the country's renewable energy space apart from making big bets in e-commerce and ride hailing.
Ola is also discussing with original equipment manufacturers (OEM) partners and EV innovators across the globe to launch the vehicles at the planned time.
Ola launched its first electric vehicle project in Nagpur past year and the project includes electric cabs, electric auto rickshaws, electric buses, rooftop solar installations, charging stations, and battery swapping experiments. The Bengaluru-based company had started its electric vehicle project in May previous year in Nagpur and claims to have clocked 4 million kilometres of travel by these electric vehicles in the city.
The project, which started in May 2017, has already given the ride-hailing firm a good sense of how to effectively manage vehicles, batteries, and operations. The company plans to continue its experimentation with ways to optimise batteries and charging, to develop a strong business model for EV deployment in India in the future. Ola is now in discussions with several state and municipal governments about where to launch its electric rickshaw program and is "willing to work with any city committed to sustainable mobility solutions". Ola is one of the most vocal purveyors of electric mobility in the country.
With the latest amendment in Electricity Act of 2003, there is no need for a license to set up an electric charging station anymore.
Infrastructure will be provided as part of the initiative, with drivers being given rooftop solar panels and charging stations. As per the new law, it does not in any way include the sale of electricity to any person and vehicles have to be charged within premises.