{"id":479309,"date":"2022-03-28T08:51:59","date_gmt":"2022-03-28T03:21:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=479309"},"modified":"2022-03-28T09:08:55","modified_gmt":"2022-03-28T03:38:55","slug":"startup-chutzpah-newbie-scooter-maker-ola-leads-indias-ev-race","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/startup-chutzpah-newbie-scooter-maker-ola-leads-indias-ev-race\/","title":{"rendered":"Startup chutzpah: Newbie scooter maker Ola leads India&#8217;s EV race"},"content":{"rendered":"<p>The dark horse of India\u2019s battery race is pulling away from the pack, but can it beat the bookies\u2019 favorite? <\/p>\n<p>Ola Electric Mobility Pvt., a Bengaluru-based startup, will get state support to manufacture EV batteries that can store a total of 20 gigawatt-hours of power, the government said on March 24. Reliance Industries Ltd., the country\u2019s largest conglomerate, will get subsidies for five gigawatt-hours. The upstart is getting 40% of the total capacity covered by New Delhi\u2019s $2.4 billion in battery incentives over five years. The plan is to shave off $33 billion from the country\u2019s fuel-import bill.<\/p>\n<p>Paying firms to play has a checkered history in India: Favored companies invariably ask for protectionist cover. But with Brent crude oil at $120 a barrel, this particular gamble has some merit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dark horse of India\u2019s battery race is pulling away from the pack, but can it beat the bookies\u2019 favorite? Ola Electric Mobility Pvt., a Bengaluru-based startup, will get state support to manufacture EV batteries that can store a total of 20 gigawatt-hours of power, the government said on March 24. Reliance Industries Ltd., the country\u2019s largest conglomerate, will get subsidies for five gigawatt-hours. The upstart is getting 40% of the total capacity covered by New Delhi\u2019s $2.4 billion in battery incentives over five years. The plan is to shave off $33 billion from the country\u2019s fuel-import bill. Paying firms [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-479309","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/479309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=479309"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/479309\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=479309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=479309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=479309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}