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Source: IBEF

“On Wednesday, Ola announced that it plans to introduce its two-wheeler electric range in New Zealand.

This will support the New Zealand government’s goal of getting 64,000 new electric vehicles onto the road by the end of 2021, while helping to make the public sector carbon free by 2025, Ola said in a statement.

The business plans to launch the collection in New Zealand within the next 6-9 months, according to industry sources.

Ola’s vertical electric scooter, soon to be introduced, is part of its electric mobility business that has been established to develop and produce electric two-wheelers that can be purchased and operated by customers.

It is a crucial part of Ola’s wider vision of pushing the world towards solutions for sustainable mobility through shared and proprietary mobility.

Ola is in the early stages of establishing the world’s largest scooter factory in India, as part of electric mobility.

The factory will have the potential to produce over two million scooters a year once completed, it said.

Mr. Bhavish Aggarwal, Chairman and Group CEO of Ola, said, “We welcome and strongly support the Honorable Prime Minister and the Government of New Zealand’s drive towards carbon neutrality, especially in the field of mobility. We are delighted to bring our electric two-wheeler to New Zealand to further accelerate the development of sustainable solutions.”

He added, “Ola is committed to moving the planet through its goods to sustainable mobility. “

Mr. Brian Dewil, Ola New Zealand MD, said, “Ola wants to play an important role in the path to become carbon neutral in New Zealand. We have seen strong and steady growth in the e-scooter and e-bike industry, so we believe that customers would embrace Ola’s new scooter product as a way to contribute to the development of a 0-carbon economy.”

Ola announced plans earlier this year to employ over 2,000 people for its electricity sector. Tiger Global, Matrix India, Tata Sons Chairman Emeritus Mr. Ratan Tata and others have raised around US$ 400 million in funding from Ola Electric”