India is making several efforts in joining the sustainable development revolution by switching to cleaner energy sources. A step in this direction has been taken by the Indian ridesharing platform- Ola. This company has recently opened the bookings for their electric vehicle, Ola Scooter. In this regard, the Co-Founder/CEO, Bhavish Aggarwal, stated- "India has the potential to become the world leader in EVs and we are proud to lead this charge."

Features of Ola Scooter

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Accelerating sustainable mobility and propelling India's EV revolution, is the latest electronic two-wheeler- Ola Scooter. The company is urging environmentally conscious individuals to '#JoinTheRevolution', as it has now opened the bookings for its electronic vehicle. Ola advertises that this vehicle has incredible speed, ergonomic seating and supreme ride comfort, nifty manoeuvrability with superior cornering, class-leading acceleration, top-notch handling, solid traction and the largest-in-class boot space.

Debt-financing deal with Bank of Baroda

As per the latest reports, Ola signed a debt-financing deal with the Bank of Baroda, which is the largest long-term agreement in the Indian EV industry. Ola's 10-year debt amounting to US$100 million, will be utilised towards the funding and financial closure of Phase 1 of the Ola Future Factory in Tamil Nadu- Ola's global manufacturing hub for its electric two-wheelers.

Advantages of switching to EVs

Earth has limited resources and coal-based fuels are among these. Apart from this, conventional fuels also cause a lot of pollution which is deteriorating the air quality of many cities in India. Switching to 'cleaner' recourses and using electronic vehicles shall help humankind in taking a giant leap towards a sustainable and greener environment

-With inputs from Economic Times.