Pranay Jivrajka has resigned from Ola. In the last year, he is the eighth top official who left Ola. Recently, Ola recognized him as a member of the founding team. He was currently working on Cloud Kitchen Vertical.
Ola, the Indian ride-hailing unicorn, recently launched the biggest electric scooter project in India. The company may face top management scarcity if the management keeps resigning like this. ET Prime shared this exclusive news on its web portal.
Eight Top Officials Left Ola in a Year
When contacted by different media portals, Ola confirmed the exit of Jivrajka. He worked in Ola for 10 years. The company called it the natural progression.
A spokesperson of Ola said:
“We are thankful for Pranay’s contributions in the Ola growth. In a decade, he has motivated the colleagues to do better. We wish him all the best for his future assignments.”
Ola founders Bhavish Aggarwal and Ankit Bhati have high respect for Jivarajka. They recently promoted him to the co-founder position. He was one of the key members of the Ola management team.
Other than Jivarajka, 7 top officials said goodbye to Ola in 2020. Given below are the names of seven top officials who left Ola in a year:
1. Ankit Jain, Co-founder, Ola Electric
2. Sanjay Bhan, Chief Business Officer, Ola Electric
3. Arun Srinivas, COO, and Global Chief Marketing Officer, Ola
4. Sanjiv Saddy, Senior Vice President, Ola
5. Naroo Krishnan, Head of Products at Ola Mobility
6. Sanjay Kharb, Vice President for Engineering at Ola
7. Nitin Gupta CEO, Ola Financial Services
The covid pandemic affected the Ola services very badly. People movement was minimal in 2020 due to lock down and work from home. Ola recently started its business with full flow.
World’s Biggest Electric Scooter Manufacturing Plant by Ola
Recently, it acquired Dutch company Etergo. After the acquisition, it announced a Rs 2400 crore project related to electric scooter manufacturing. Ola is advertising this manufacturing plant as the largest in the world. The plant will be opened in Tamil Nadu. Land acquisition is already done for the project.
Annually, the plant will produce 10 million electronic vehicles starting from 2022. On average, it will produce an electric scooter every 2 seconds.
Bengaluru-based Ola has already completed the document formality with Tamil Nadu Government. The government has promised Ola to provide all necessary helps to make it the world’s largest scooter factory.
Ola recently expanded its operations to the manufacturing field. With a total investment of Rs 2400 crore, this unit will employ 10k+ people.
Ola plans to supply these scooters in India and Europe. It will cost around Rs 95,000 to the customers. Ola will directly compete with Bajaj Auto, TVS, Hero, and other automobile manufacturers.
Ola called its Scooter brand “App Scooter”. You will get public charging units in different areas. Ola will also provide the facility to charge scooters at home. The scooter will come up with 3 batteries that you can interchange whenever required. A battery has a capacity of 600 W that will provide an 80 km journey.