Ola’s Founder Bhavish Aggarwal Spearheads India’s Technological Revolution with AI and EV Investments

Ola’s founder, Bhavish Aggarwal, is strategically investing in cutting-edge technologies to position India at the forefront of the ongoing global technological shift driven by AI, aiming to create future job opportunities within the nation. Aggarwal emphasized the vital role of the private sector in job creation and urged for increased efforts in fostering a conducive environment, while highlighting the government’s duty to address trade imbalances. He expressed support for the government’s initiative to provide financial incentives to international electric vehicle (EV) manufacturers, including Tesla, under the new EV policy, underscoring the significance of attracting diverse investments for India’s growth. Through Ola Electric, the company’s recently listed subsidiary, the vision is to establish India as a leading hub for EV production, emphasizing the need for the country to design its own EV and energy transition model tailored to its unique requirements, as India’s participation is crucial for a sustainable global future. Aggarwal stressed the importance of India taking the lead in the ongoing global tech evolution, particularly in AI, to move from being technology adopters to technology innovators, citing the establishment of the AI startup Krutrim by the Ola group as a step in this direction.