Team-BHP > BHP India > Electric Cars


Reply
 
Thread Tools Search this Thread
Old 6th May 2019, 14:55   #1
Senior - BHPian
 
TusharK's Avatar
 
Join Date: Jul 2017
Location: Pune
Posts: 1,920
Thanked: 15,052 Times
Default Ratan Tata invests in Ola Electric

Ratan Tata has invested in Ola Electric Mobility as part of the Series A funding. However, the company has not disclosed the exact investment figure.

Name:  RatanTata.jpg
Views: 1170
Size:  53.7 KB

Ola Electric has raised Rs. 400 crore from Tiger Global, Matrix India and others. The company is running several pilot programs in country, which include charging solutions, battery swapping stations as well as deploying e-bikes, electric 3-wheelers and cars.

In 2018, Ola had announced its 'Mission: Electric' plan that aims to bring 1 million electric vehicles on Indian roads by 2021.

Ratan Tata has also invested in Ola's parent company - ANI Technologies Pvt. Ltd.

Link to Team-BHP News
TusharK is offline   (10) Thanks Reply With Quote
Old 6th May 2019, 15:14   #2
BHPian
 
OrangeCar's Avatar
 
Join Date: Oct 2016
Location: Bengaluru
Posts: 170
Thanked: 741 Times
Default Re: Ratan Tata invests in Ola Electric

Investment by Ratan Tata (or in fact by any other investor), does not mean the entity would be a success.

In fact, since Ratan Tata has invested, I'd be a wee bit wary of Ola Electric now.

He invested in Snapdeal, now the website is almost history.

His flagship investments - Nano, Tata-Corus, etc. have all fumbled. Also, the Tata Motors stock is now battered due to its JLR subsidiaries.

Lets see how this turns out to be. Again, there seems to be no dearth of investors with money willing to invest on new things.
OrangeCar is offline   (5) Thanks Reply With Quote
Old 7th May 2019, 09:38   #3
GTO
Team-BHP Support
 
GTO's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 55,002
Thanked: 141,181 Times
Default Re: Ratan Tata invests in Ola Electric

Ola is onto something here. IMHO, fleet operators & commercial vehicles will be the first adopters of electric vehicles. We're already seeing that in the rickshaw segment - link (11,000 electric rickshaws are sold in India every month!).

Not just because of the money in the bank, but Ola also has access to a vast pool of data & well as vehicles on the road. Do note that Ola Electric isn't simply about electric cabs in its fleet. The company is looking at infrastructure (charging, batteries etc.). Other than the government & some OEM vendors, there are no large players in this segment. Period. Could make money. Plus, this infrastructure could be a competitive edge over Uber when EVs go mass-market.
GTO is offline   (1) Thanks Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Flipkart's Sachin Bansal invests Rs. 650 crore in Ola TusharK Street Experiences 1 23rd February 2019 13:49
Ola driver kidnaps customer; calls Ola for ransom! centaur Street Experiences 21 25th June 2018 13:10
Hero invests Rs. 205 crore in electric two-wheeler start-up, Ather Energy dZired Motorbikes 2 28th October 2016 13:36
Ola & Uber might suffer ban in Karnataka. EDIT: Ola gets KA License dZired Street Experiences 94 10th September 2016 20:34
Electric car to hit roads in Sept 2009: Ratan Tata wildon Electric Cars 38 25th June 2012 15:23


All times are GMT +5.5. The time now is 05:41.

Copyright 2000 - 2019, Team-BHP.com
Proudly powered by E2E Networks