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Ola Electric to to foray into global markets, starting with Nepal


On Thursday, Ola Electric announced its intention to enter the worldwide market, beginning with Nepal. The business announced that it has partnered with CG Motors in Nepal as the country’s local distributor for its Ola S1 scooters (S1 & S1 Pro).

The electric two-wheeler manufacturer from Bengaluru announced in a statement that the scooters would be offered in Nepal beginning in the next quarter. The company intends to expand its footprint in up to five international markets by entering Latin America, ASEAN, and the European Union during the second phase.

Ola Founder and CEO Bhavish Aggarwal stated that “our worldwide expansion not only means that we as a company will be able to service clients in these similar regions, but it is also a testament to the fact that India will lead the EV revolution for the world.”India will need to be the focal point of change if the electric vehicle revolution is to actually advance, he continued.

Ola Electric

To act as a distributor for its Ola S1 and S1 Pro scooters, the business has a contract in place with Nepal’s CG Motors. According to the company, the scooters would be offered in Nepal beginning in the next quarter. Ola Electric intends to enter Europe, Southeast Asia, and Latin America as part of its upcoming global expansion. The information was released soon after the business revealed ambitions to increase sales by opening “experience centres” all around India. Ola has had trouble moving its flagship scooter, the Ola S1 Pro, since a fire in March. The company introduced the S1, a less expensive, sub-Rs 1 lakh version of the scooter, on August 15 in response to the decline in sales.

The business recently announced a project for electric four-wheelers. Earlier this week, Reuters reported that Ola would eliminate 200 engineering positions to reduce redundancy across its two primary industries, ride-hailing and the production of electric vehicles. The business claimed that its goal is to become a “vertically integrated mobility firm,” and it is centralising operations to create a framework for strengthening relevant roles and functions.

According to the article, Ola wants to increase its engineering team from its present level of roughly 2,000 to 5,000 over the next 18 months as part of an “influx of hiring” for positions in vehicle engineering, sourcing, product management, and data science.

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