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Ola Launching 100,000 Electric Vehicles In The Next 12 Months

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Ola Launching 100000 Electric Vehicles In Next 12 Months,Startup Stories,2018 Latest Business News,Startup News India,Ola Launch Electric Vehicles,Mission Electric Program,Electric Cabs Vehicle,Ola Introduce Electric Three Wheelers,Ola Business News,Ola Cab Electric Vehicles

The SoftBank backed cab aggregator, Ola, announced its plan of adding 100,000 electric cars to its existing fleet. With a majority of these e vehicles being electric rickshaws, the cab aggregator wants to get this process sorted within the next 12 months as a part of the Mission Electric program.

The Bengaluru based company is aiming to get one million electric vehicles on its platform by 2021, to boost the electric vehicle ecosystem in the Country. “Three wheelers are a vital means of transportation and a source of livelihood for millions of people every day. It also represents an immediate opportunity to improve outcomes for all stakeholders while reducing pollution across towns and cities,” Bhavish Aggarwal, Ola co founder and CEO said in a statement.

Ola launched its first pilot electric vehicle program on 26 May, 2017. These pilot vehicles included electric cabs, electric auto rickshaws, electric buses, rooftop solar installations, charging stations, and battery swapping experiments. However, the pilot vehicles failed to take off when they were launched. According to several reports, Ola cab drivers did not like the long waiting time and said the charging centres were not sufficient.

Furthermore, the report also said the drivers wanted to go back to the electric vehicles. More than a dozen electric car drivers of the 20 drivers interviewed in Nagpur, have either returned their electric taxis and switched to diesel, or are planning to do so. Ola also faced several other hurdles with electric vehicles and was even forced to close one following protests from residents angered by traffic jams caused by the taxi drivers.

“The EV program in Nagpur has provided Ola with significant insights into effectively managing vehicles, batteries, and operations. The company plans to continue its experimentation with ways to optimize batteries and charging, to develop a strong business model for EV deployment in the country” the company said in a statement.

The Bengaluru based cab aggregator has also said it is in talks with several state governments to make sure the electric vehicles are deployed properly. The policies used are going to make sure the electric three wheelers are going to be as per the environmental regulations.

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  1. Elmertjd

    January 26, 2025 at 2:22 pm

    Van der Graaf’s bewitchment began in 1974, when he was just eight years old as well as watched ABBA win the Eurovision Tune Competition, organized that year in Brighton, with the memorable ‘Waterloo’. She says: ‘I truly hope Sabre will certainly motivate and also equip the more youthful generation of strong qualified women simply as the gladiators I once saw motivated me to be a confident athletic women. Some females might also have different worths relating to dating and also partnerships based on these differences. On the various other hand as part of Asian culture politeness and being helpful in the direction of life partner have actually come to be deep rooted qualities of Asian women. On-line dating systems are valuable for all participants of the procedure – guys who are looking for a clever as well as attractive wife, as well as ladies that intend to find an encouraging and reputable spouse. The website has greater than 600,000 members and superb dating attributes. Conceding that they had actually had a partnership, she said she had actually caught ‘a very extreme focus from him, as well as after a while I felt I might not withstand anymore. As a result of the prominent nature of their relationship, there is most likely to be substantial public rate of interest in their dissolution and also youngster custodianship issues.

    When they are browsing for a new relationship, they might show indicators of their interest, but inevitably, they are going to await the person to make the initial step. That’s his plan. He’s mosting likely to pursue her once more – he states so in his messages. I spoke with him the other day on Facebook Carrier, as well as he said, ‘Oh, I think Agnetha is visiting it since it’s being [url=https://idateasia.wordpress.com/is-idateasia-com-a-scam/]idateasia[/url] sent worldwide. The earliest burial ground discovered consist of people being buried on top of a bed of busted pieces of pottery. Nonetheless, prior to all this you need to wait on verification – it is a necessary treatment, and nobody can begin surfing the website without being enabled to do that. Were they to do so, nonetheless, they would certainly discover a shrine to Agnetha. Professor Michiel Hengeveld, a Dutch psychoanalyst who interviews van der Graaf in the film to locate out what motivates his infatuation, informed me he had actually thought twice to get involved, fearing maybe ‘upsetting’ – both for van der Graaf and Agnetha – and also waited for the screening with some uneasiness. Lots of years later, when Swedish forensic psychoanalyst Fredrik Heden took a look at van der Graaf, he diagnosed him to be experiencing from erotomania, an uncommon psychotic problem which invokes a belief that a person – generally of a premium standing – is in love with you.

    A few days later on, van der Graaf says, Agnetha sent her garden enthusiast to his cabin to state she liked his letter as well as ask him to send out more. 3 years later on, after plenty of futile searching goals, he transferred to Sweden. He has been servicing this documentary for two or 3 years. From buying and also working to dating and vacationing, the internet is utilized one means or an additional during bring our everyday tasks. Additionally, it is crucial to be conscious of the threats connected with online dating, such as catfishing as well as scams. While communicating and dating, ladies from Eastern countries are used to a respectful perspective. You must ask the production business because they are the ones that assume this is something enjoyable,’ he informed me acidly, branding the rebirth of one of the most perturbing and, in several ways, embarrassing chapter of Agnetha’s life as ‘insane’. He maintains Agnetha’s handwritten replies to his letters by way of evidence. He obtained ₤ 45,000 to acquire a ramshackle wood cabin just half a mile from Agnetha’s residence as well as located job with a local staffing company.

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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