"We don’t think the cost of making an electric mobike will have a big gap with ICE mobikes," Bhavish Aggarwal Founder and CEO, Ola Electric and Ola Cabs
Even by Bhavish Aggarwal’s feisty standards, what Ola Electric did on Independence Day was counterintuitive. That day, the largest player in electric scooters unveiled five electric motorcycles. These are to roll into the market by December 2024.
Speaking to Business Standard a couple of days later, Aggarwal, Ola Electric’s founder and chief executive officer, said: “We will leverage our scooter supply chain to build our mobikes, which will drive costs down. The price points of these bikes will differ from ICE mobikes. We don’t think the cost of making an electric mobike will have a big gap with ICE mobikes. And, of course, we will have our own battery cells.”
Aggarwal, who is the founder of two unicorns, the other
First Published: Sep 17 2023 | 11:04 PM IST