Ride into the Future: Uber to Roll Out Electric Vehicles in India Amid Clean-Energy Drive
Portfolio Pulse from Anusuya Lahiri
Uber plans to launch 25,000 electric vehicles in India as part of the country's clean-energy drive. The company has partnered with local fleet operators and will launch EV Uber Green in June in Mumbai, Bengaluru, and Delhi. Startup Zypp Electric will supply 10,000 electric scooters to Uber for India by 2024.
May 24, 2023 | 12:52 pm
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Uber is expanding its presence in India with the launch of 25,000 electric vehicles, partnering with local fleet operators and startup Zypp Electric.
Uber's expansion into India's clean-energy market with the launch of electric vehicles demonstrates the company's commitment to sustainability and growth in the region. This move is likely to have a positive impact on Uber's stock price in the short term as it shows the company's adaptability and focus on emerging markets.
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IMPORTANCE 80
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