scorecardBhavish Aggarwal does an Elon Musk, hints at an electric car launch on Twitter while struggling with electric scooter deliveries
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Bhavish Aggarwal does an Elon Musk, hints at an electric car launch on Twitter while struggling with electric scooter deliveries

Bhavish Aggarwal does an Elon Musk, hints at an electric car launch on Twitter while struggling with electric scooter deliveries
Business2 min read
  • ANI Technologies’ chief executive officer Bhavish Aggarwal on Tuesday tweeted an image of a concept car.
  • Aggarwal, while replying to an Ola Electric buyer yesterday, had said that Ola electric should be the next car replacement.
  • The company had initially decided to start delivery of its scooters in October, but eventually started the delivery on December 15.
Even as Ola Electric is currently struggling to meet the delivery deadlines of its electric scooter, the company has been dropping hints around its potential foray into electric cars.

ANI Technologies’ chief executive officer Bhavish Aggarwal on Tuesday tweeted an image of a concept car, which has given rise to speculation that the company may be looking to launch electric cars in the near future. Aggarwal, while replying to an Ola Electric buyer yesterday, had said that Ola electric should be the next car replacement.

ANI Technologies is the parent company of ride hailing giant Ola and electric vehicle (EV) company Ola Electric. The latest development comes only a day after Ola Electric raised another $200 million, this time at a valuation of $5 billion.

Ola Electric is currently selling the ‘Ola S1’ and ‘Ola S1 Pro’ electric scooters, which have received mixed feedback from the customers. The product is designed and developed by an Amsterdam-based company Etergo, which Ola acquired two years ago.

There have been issues with the delivery of the scooter. The company had initially decided to start delivery of its scooters in October, but eventually started the delivery on December 15 that too in a phased manner.

Customers, who did receive their scooters, have been complaining about lower mileage and other aspects like delayed charger installation and discrepancy in insurance policy.

Taking a dig at Ola Electric, Bajaj Auto’s executive director Rakesh Sharma had said that the company would prefer designing and developing electric scooters locally rather than using imported technical know-how to launch a half-baked product.

“We are not looking at importing designs and slapping together a power-train to speedily enter the market with a half complete product. We would prefer that our products are designed to address specific use cases,” he was quoted as saying on Monday.

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