SoftBank Team-backed  Ola is wanting to just take its e-scooters international, beginning with Nepal, as it seeks to tap into a increasing intercontinental current market for electric autos

The organization will expand more into Latin The us, ASEAN and the European Union, it mentioned in a assertion on Thursday.

It has signed a partnership agreement with CG Motors in Nepal to distribute its Ola S1 e-scooters.

Ola Electric powered, valued at $5 billion, has designed inroads into India’s EV marketplace with over 80,000 electric scooters. The experience-hailing agency claimed last thirty day period it will start out producing electric powered cars in 2024.

“Ola is committed to making the EV paradigm for the rest of the planet by developing fifty percent of the autos that the entire world needs proper listed here in India,” its Founder and Main Government Officer Bhavish Aggarwal explained.

Ola experienced prepared to go public in the very first half of 2022, but has because postponed the system, amid a volatility in the current market and lackluster listings of some start out-ups in India this calendar year.