Ola Electric is a product by Ola, one of the world’s largest ride-hailing companies. It aims to place 10,000 e-rickshaws in service over the next 12 months. Building on the EV pilot by the company in Nagpur, Ola believes that electrification can improve outcomes for drivers, customers, and its business model. Ola Electric, which was set up in 2017, will work with driver-partners, cities, vehicle manufacturers, and battery companies to make sustainable technologies cost-effective and viable in daily mobility. Ola is the market leader in app-based hailing and intends to leverage its scale to bring cleaner, more comfortable, and safer products to the market. With investments from SoftBank, Tiger Global, Ratan Tata, and several others, the startup became the fastest unicorn after Udaan.