Upcoming Two-Wheeler Launches In March 2024
- Mar 1, 2024
- Views : 10803
Hero MotoCorp had recently announced its intention to invest upto Rs 10,000 crore towards electric mobility solutions. The company’s Chairman and Managing Director Pawan Munjal has now invested USD 1 million in Ola Electric Mobility. The investment was made through the Pawan Munjal Family Trust. The investment gives the family trust access to 18 preference shares which gives it a fixed dividend and priority over regular shares.
Also read: Is Hero Planning To Ride In A New Electric Scooter?
Ola Electric Mobility Solutions was launched in May 2017 in Nagpur. The idea was to develop electric infrastructure by not just increasing modes of electric transportation but also setting up charging infrastructure by means of charging and battery swap stations and solar rooftop installations. Ola Electric Mobility Solutions have multiple modes of transport in the form of e-rickshaws, electric cars and electric buses. Currently, the company has over 200 electric vehicles in its fleet and is running pilot projects in Nagpur, Gurugram and Bengaluru. As part of its Mission Electric initiative, Ola Electric plans to have a million electric vehicles in its fleet across India by the year 2021. Check out the entire list of electric bikes and scooters sold in India here.
The Pawan Munjal Family Trust is not the only one to inject a heavy dose of investment into Ola Electric. Last year, SoftBank invested USD 250 million (around Rs 1,849 crore) into Ola Electric mobility.
Source: ET Tech
Upcoming Two-Wheeler Launches In March 2024
All The Two-Wheelers That Launched In February 2024
Hero Pleasure Plus Xtec Sports Variant Launched
Hero-Owned Surge S32 Electric Scooters Design Patented
Here’re All The Bikes And Scooters Launched In March 2024
EXCLUSIVE: Hero Mavrick 440 Scrambler Name Trademarked
Hero Mavrick 440 Deliveries Begin Across India
Bajaj Pulsar NS400 India Launch In April 2024
EXCLUSIVE: Upcoming Bajaj CNG Bike Spotted Testing Again
Yezdi 500cc Retro Bike, Yezdi Streetfighter 334, And Adventure Rally...
India's largest automotive community