Ola’s plan to move from escooters to autonomous EVs is ludicrous

After efficiently coming into the Indian escooter market, in January, Ola Electrical began teasing its debut in the electric car segment — fairly a daring transfer for a five-year-old micromobility firm.

On Saturday, Bhavish Aggarwal, the corporate’s CEO, made some even bolder statements about Ola’s EV, as reported by Indian outlet News18. Talking on the firm’s manufacturing plant in Tamil Nadu, Aggarwal mentioned that Ola might be coming into the autonomous automobile section.

Particularly, it’s growing autonomous driving options that can debut in its upcoming four-wheeler each for the Indian and the worldwide markets.

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Ambitiously, the CEO said that the tech is not going to solely have the ability to compete with Tesla and Rivian, but additionally roll out by early 2024 on the newest.

As inspiring as it’s to see the event of minor EV makers, it’s troublesome to not doubt Ola’s plans.

The identical day of those bulletins, the corporate recalled greater than a thousand automobiles, after the battery of one in all its S1Pro escooters burst into flames, on March 26 in Prune, India.

You’ll be able to watch the incident beneath:


In response, Ola recalled 1,441 escooters to conduct diagnostics as a “pre-emptive measure,” though it said that the battery hearth was most certainly an remoted incident:

In gentle of those occasions, nonetheless, it’s value contemplating whether or not Ola ought to deal with debuting on the difficult autonomous automobile section, as an alternative of attending to the extra urgent points concerning its present product.

On high of that, the set two-year timeframe for the launch of an EV with self-driving options within the likes of Tesla and Rivian is extraordinarily optimistic.

It took Tesla greater than a decade to ascertain itself globally, whereas even youthful Rivian is struggling to satisfy manufacturing targets, seeing its inventory fall greater than 25% throughout March. Rising EV startup Lucid Motors can be dealing with manufacturing hurdles.

We’re additionally speaking about automakers with a lot better assets which might be solely focusing their R&D in electrical automotive making. For reference, Tesla’s market cap is at $1 trillion and Rivian’s at $29.69 billion. Now let’s examine that with Ola’s $5 billion.

I can’t assist however surprise how Ola will efficiently roll out an autonomous EV, compete with the sharks of the market, and resolve its current escooter points — all inside two years and amidst the worldwide provide chain shortages. My guess is, we must always count on important delays.

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