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Tuesday , 22 January 2019
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Ola and Uber soon to have e-Vehicles

Energy Efficiency Services Ltd or EESL, a joint venture of four government-owned power companies, NTPC, Powergrid, PFC and REC is entering into a business agreement with private cab operators Ola and Uber in order to facilitate the introduction of eVehicles in their fleet in a bid to bring down the pollution levels in the country to a considerable level.

EESL will initially procure only e-rickshaws and e-autos and lease them to operators. The catch is the operator has to opt for a minimum of 10,000 of either of these vehicles. 

“Vehicles are a completely different business from bulbs. But a beginning has to be made. We hope this will encourage more manufacturers to produced electric vehicles. Operators like Ola and Uber may find interest in leasing them,” said Saurabh Kumar, MD of EESL.

When the companies opt for higher number of vehicles, the terms on conditions on the leasing agreement will be made even more attractive. Indian companies like Hero Electric and Kinetic manufacture the kind of vehicles EESL is looking to procure. These companies have successfully ventured into manufacturing of eBikes too but due to various constraints, it cannot be made as much successful like that of their compatriots.

Mahindra and Mahindra, which manufactures electric cars after the take over of Reva and integrated into its own brand name called e2O, has plans to manufacture electric three-wheelers. Except Uber, Ola and Jugnoo has been offering three wheeler(auto) facility on their platform.

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