Dissecting Ola’s audacious electric dreams
- In a dramatic pivot, Ola Electric wants to become India’s Tesla. Well, the company has its work cut out
- Given the long-term potential of the EV market, Aggarwal’s reputation as an entrepreneur and the lack of established EV rivals, Ola Electric is likely to soon close another round of funding
When petrol prices hit ₹100 last month, opposition politicians immediately criticized the Union government for passing on the price increase in international crude to Indians. West Bengal chief minister Mamata Banerjee even rode pillion on an electric scooter in a symbolic protest against the rise in fuel prices.