Cab hailing firm Ola’s electric mobility unit Ola Electric Mobility Pvt Ltd has appointed auto industry veteran BVR Subbu as a board member.
Ola Electric joined the unicorn club of startups, valued at more than $1 billion, in July after raising about $250 million from SoftBank.
This is Ola Electric’s second board appointment in the past month as it gears up to launch a new line of electric-powered mobility products. Last month, the company appointed former General Motors (GM) executive Jaime Ardila as a director on the company’s board. Apart from this, Ola Electric also hired former Vodafone Plc CEO Arun Sarin as an independent director in May.
Subbu, who was president in Hyundai Motors India, brings with him around four decades of experience in the automobile sector. Beginning his career with the Tata Administrative Service, he was seconded to Tata Motors, where he held multiple leadership responsibilities across the vehicles and spares marketing/sales, service and sales finance functions.
He currently manages a boutique strategy-consulting firm, Beyond Visual Range, advising global PE funds and serves as a member of the boards of various automotive and technology companies.
Ola Electric is currently running pilots across India using electric vehicles and charging solutions, including battery swapping stations, primarily focused on developing a viable value proposition for the end-user. Ola's ‘electric’ arm was initially incorporated in February 2017 as a wholly-owned unit of ANI Technologies (Ola’ parent company). It is led by Anand Shah, who had previously worked with Audi and BMW, and Ankit Jain, who headed Ola’s connected vehicle platform.