Ola CEO confirms entry into electric car segment, could launch four-wheeler EV by THIS year

Ola’s co-founder and CEO Bhavish Agarwal said that the company could foray into the electric vehicle project in two years, i.e. by 2023. 

New Delhi: After the successful launch of the Ola Electric scooters, the Bengaluru-headquartered company is now gearing up to manufacture electric cars in the near future, aiming to disrupt the EV sector with Ola branded offerings.  Ola’s co-founder and CEO Bhavish Agarwal said that the company could foray into the electric vehicle project in two years, i.e. by 2023. However, the co-founder didn’t share more information about the company’s plans on how it plans to take the electric four-wheeler industry by storm.  At present, while Ola Electric doesn’t sell electric cars, its sister firm, Ola Cabs does run a fleet of electric four-wheelers as cabs across many cities in India. The company also operates hubs that are used for the charging of such electric cars.