India is making several efforts in joining the sustainable development revolution by switching to cleaner energy sources. A step in this direction has been taken by the Indian ridesharing platform- Ola. This company has recently opened the bookings for their electric vehicle, Ola Scooter. In this regard, the Co-Founder/CEO, Bhavish Aggarwal, stated- “India has the potential to become the world leader in EVs and we are proud to lead this charge.”
Features of Ola Scooter
Accelerating sustainable mobility and propelling India’s EV revolution, is the latest electronic two-wheeler- Ola Scooter. The company is urging environmentally conscious individuals to ‘#JoinTheRevolution’, as it has now opened the bookings for its electronic vehicle. Ola advertises that this vehicle has incredible speed, ergonomic seating and supreme ride comfort, nifty manoeuvrability with superior cornering, class-leading acceleration, top-notch handling, solid traction and the largest-in-class boot space.
Debt-financing deal with Bank of Baroda
As per the latest reports, Ola signed a debt-financing deal with the Bank of Baroda, which is the largest long-term agreement in the Indian EV industry. Ola’s 10-year debt amounting to US$100 million, will be utilised towards the funding and financial closure of Phase 1 of the Ola Future Factory in Tamil Nadu- Ola’s global manufacturing hub for its electric two-wheelers.
Advantages of switching to EVs
Earth has limited resources and coal-based fuels are among these. Apart from this, conventional fuels also cause a lot of pollution which is deteriorating the air quality of many cities in India. Switching to ‘cleaner’ recourses and using electronic vehicles shall help humankind in taking a giant leap towards a sustainable and greener environment
-With inputs from Economic Times.
