Dhavish Aggarwal, 37, the aggressive, straight-talking Co-founder & CEO of Ola, is currently a man on a mission: to make India a global leader in electric mobility. Two of his companies-ride-hailing venture Ola and electric mobility company Ola Electric-are in the midst of rapid scaling up. But EV two-wheeler market leader Ola Electric, with a range of scooters, an upcoming motorcycle range and plans for a car launch by next year, is where the bulk of the action is. In a freewheeling conversation with Business Today's Sourav Majumdar, Aggarwal talks about his vision for the EV sector, his plans for the ride-hailing venture, and more.
Edited excerpts:
Q: Bhavish, to start off, give us an overview of where Ola stands at this point.
A: I am very optimistic about India in general and about technology and, obviously, about our company. Let me share a bit with you about how Ola is growing. [The] Ola group is now three companies. Ola, which is my consumer company, where ride-hailing was my main business, is profitable and is growing well. You will see us do a few very interesting AI applications in Ola. And I will talk about that more as the conversation progresses. We are the No. 1 firm by ride-hailing market share.
Q: What is the current market share?
A: There are different numbers, but 60 per cent is more or less the media- and third-party number.
Q: What is the status of your IPO plans for Ola?
This story is from the April 02, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 02, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Picking Up The Paytm Pieces
Paytm Founder Vijay Shekhar Sharma Is Back In The Trenches After Rbi's Recent Action Left Him Without A Banking Platform. There Are Still Some Opportunities, But He Will Have To Move Swiftly To Grab Them
PMS Vs MF The Big Fight
How do mutual funds and portfolio management services match up? Know the score on structure, rules, entry fees, charges, and tax perks to pick the right path for your financial journey
Four Levers Of Enterprise AI Strategy
Wide-scale private sector AI deployment and new AI-based business opportunities and ecosystems can truly supercharge the Indian economy
"Don't let a unique chance slip by"
JEFF MAGGIONCALDA | CHIEF EXECUTIVE OFFICER | COURSERA
THE INCOMING DISRUPTION
The disruption in the industrial sector is still unknown, but inevitable. Companies need to wake up
THE WHEEL WHISPERER
For Manan Shah, Managing Director of MICL Group, luxury cars are not about showcasing one's wealth or status. It is about personal well-being
TRIPPING WITH TECH
A road trip is an adventure like no other. While you take in the experience, get some peace of mind with these nifty gadgets
Transforming Spaces
WHETHER YOU WANT TO REDECORATE YOUR BEDROOM OR HALLWAY, A GORGEOUS WALLPAPER ADDS FLAIR TO YOUR HOME AND ALLOWS YOU TO STAMP YOUR STYLE IN YOUR NEW ABODE
ALPHATALE
MONEY MANAGERS TO THE AFFLUENT DELIVERED ROBUST RETURNS TO INVESTORS IN THE PAST YEAR, THANKS TO THE BUOYANCY IN THE MARKETS. BUSINESS TODAY DECODES THEIR STRATEGY
"THE ALTERNATIVES SPACE CAN GROW 3X IN FIVE YEARS"
Vikaas M. Sachdeva, MD of Sundaram Alternates, talks about where India's alternative investment industry is headed