Unicorn EV startup Ola Electric, founded by Bhavish Aggarwal, recently unveiled its new e-Bike service in Delhi and Hyderabad. The move comes after the successful pilot of the e-Bike taxi in Bengaluru. The company has a goal of serving 1 billion Indians and to achieve widespread electrification across the nation.
Keeping in mind its affordability factor, Ola has kept its pricing very attractive for its e-Bike service for the city commuters. The fares are set at Rs. 25 for 5 km, Rs. 50 for 10 km, and Rs. 75 for 15 km.
As a future goal, they have plans to deploy 10,000 electric two-wheelers across Delhi, Hyderabad, and Bangalore in the next two months. If this incident takes place, it will help Ola to go up in the ladder as the largest EV 2W fleet in India. Ola is targeting to significantly scale up its e-Bike services throughout the country by the end of the year.
CEO, Ola Mobility, Hemant Bakshi quoted, “Electrification is the biggest lever to unlock affordability in the mobility space. At Ola, driving affordable mobility through electrification is our priority and in line with our vision to serve 1 billion Indians. Following the massive success of our Bangalore e-Bike taxi pilot, we have proven its sustainable value proposition for all ecosystem participants – the consumer (lower price), the driver (higher earnings), and Ola (new category and revenues), and now look at mass deployments across Bangalore, Delhi and Hyderabad and build a larger market for e-Bike taxis in India.”
Bakshi also mentioned that, their key focus is to work on innovation and accessibility; their e-Bike taxi initiative will also serve as a multi-work opportunity for gig-economy workers on the Ola platform and pave the way for the future of commerce.