Ola Electric Mobility becomes India’s newest unicorn
Technology group Softbank is investing the equivalent of 250 million US dollars in Ola Electric Mobility (OEM), the vehicle arm of India’s largest ride-hailing firm. This makes Ola Electric a “Unicorn”, which means that it is now valued at more than $1Bn.
Fuel Cell, ChargeNow, SoftBank, Cuba, California.
The largest joint H2 project in the EU to date kicked off in German Cologne yesterday. The project JIVE will see the purchase of about 140 fuel cell buses from 2018, while project MEHRLIN will focus on setting up seven H2 fuelling stations for fuel cell buses. The buses will go in to service in German (near Cologne, Wuppertal, and Frankfurt area), the UK (London, Birmingham, Dundee, and Aberdeen), Italy (South Tirol), Latvia (Riga), as well as Denmark (Slagelse).
BMW charging: Following yesterday’s news that Nissan and BMW partnered with EVgo to get up more than 174 new fast-chargers across the U.S., BMW now announced the expansion of its ChargeNow programme for BMW i and BMW iPerformance drivers. It now includes all DC fast-chargers in 33 states.
Electric ridesharing: Masayoshi Son, head of SoftBank, has given the green light for a pilot project in the Indian city of Hyderabad, that will see the company provide Ola drivers with access to one million EVs build locally. SoftBank owns stake in Uber competition Ola and made headlines with its electric plans back in December (we reported).
Export deal: Florida-based Premier Automotive Export was given the go ahead to ship American built electric cars and charging stations to Cuba. It now plans to ship Nissan Leaf to island state and install 50 EV charging stations in Havana. The license is valid for four years, if a certain U.S. President doesn’t revoke it.
H2-powered California: The Golden State counted 25 hydrogen fuelling stations in December 2015, the California Energy Commission (CEC) and California Air Resources Board (CARB) report. Another 23 are in planning or early stages of construction. The goal of 100 H2 pumps by 2024 seems attainable.