In alignment with its vision to cater to one billion Indians and achieve nationwide electrification, Ola outlined plans to deploy 10,000 e-vehicles in Delhi, Hyderabad, and Bangalore over the next two months, claiming the largest electric two-wheeler fleet in the country. The expansion of e-Bike services is slated for completion across India by the close of this year, according to a company statement.
Ola intends to price its e-bike service competitively, starting at Rs 25 for a 5-kilometer ride, Rs 50 for 10 kilometers, and Rs 75 for 15 kilometers. Emphasizing affordability, sustainability, and convenience, the company positions its eBike service as a solution for urban commuting.
Hemant Bakshi, CEO of Ola Mobility, highlighted electrification as a pivotal element in enhancing affordability within the mobility sector. The success of the e-Bike taxi pilot in Bangalore demonstrated its viability for consumers (lower pricing), drivers (increased earnings), and Ola (new revenue streams). Now, Ola aims for widespread deployment in Bangalore, Delhi, and Hyderabad.
Ola has already completed over 1.75 million rides and established 200 charging stations in Bangalore to support its growing e-bike fleet. The company also disclosed a strategic focus on ride-hailing, financial services, logistics, and e-commerce as part of its future growth plans.
