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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

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Blissclub Raises INR 33 Crore in Fresh Funding Months After Layoffs

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Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.

The latest investment was made through the allotment of 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 each. Elevation Capital invested INR 19 crore, securing a 24.5% stake, while Eight Roads Ventures contributed INR 14 crore, raising its stake to 15.79%. The capital will be used for working capital, capital expenditure, and general corporate purposes.

Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.

Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.

 

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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