Ola Electric to foray into international markets starting with Nepal
Ola Electric on Thursday said it plans to foray into the international markets starting with Nepal. The company said it has signed a memorandum of understanding with CG Motors in Nepal partnering them as local distributors for its Ola S1 scooters (S1 & S1 Pro).
The scooters will be available in Nepal starting next quarter, the Bengaluru-based electric two-wheeler maker said in a statement.
In the second phase, the company also aims to enter Latin America, ASEAN and European Union, increasing the company’s presence in up to five international markets.
