Transportation

The EV maker might need another USD 2.1 billion in cash between 2019 and 2020 to stay afloat.

The 2012 founded company has reported a 76% jump in total revenue to USD 143.5 million in financial year 2019.

Loca claims users can book a cab and hail it within 2.5 minutes of reservation using its in-house algorithm.

Delhi is the first city in Asia to have this feature that will help users locate public transport.

All stakeholders are onboard for a wild EV ride, but New Delhi seems to have put its feet on the brake.

Apart from expansion, funding to be used to provide vehicle loans to customers

Ola plans to launch 20,000 self-drive rental cars by 2020.

The partnership seeks to accelerate the electric vehicle ecosystem development in the country.