Summary
- India’s No. 1 e-scooter maker faces challenges ahead of IPO
- Some service centres have big backlogs, long repair times
- Ola’s CEO says it’s aggressively expanding service network
THANE/HYDERABAD/NEW DELHI/MUMBAI, Nov (Reuters) – Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can’t keep up, though.
Aggarwal’s Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. The tech entrepreneur vows to banish the internal combustion engine (ICE) from India, where two-wheel vehicles rule the roads. Continue reading “Tesla on two wheels? India’s Ola Electric feels the strains of success”