New solutions to fix archaic world of fuel-powered vehicles: Ola co-founder

Internal combustion engine vehicles are a remnant of the past and new transport solutions like electric vehicles are trying to fix this archaic system by making mobility universally accessible and sustainable, Ola co-founder Bhavish Aggarwal said on Thursday.

Spelling out Ola’s mobility vision in a blog, Aggarwal noted that the company is building a new ecosystem keeping the customer at the core.

“The IC engine, automobiles and the related ecosystem is a remnant of the past and assumes unsustainably high ownership of vehicles manufactured by OEMs and sold through dealers. Consumers have been downgraded to being just a cog in this giant wheel.