Ola was last valued at $7.3 billion after raising $139 million in a Series J financing.
Bhavish Aggarwal,will take a step back from day-to-day operations to focus more on technical activities, team building, and products, in addition to long-term strategic objectives.
GR Arun Kumar, who joined Ola less than a year ago and is now the Group CFO and CFO of Ola Electric, will now oversee the group’s day-to-day operations.
Aggarwal is the founder of two unicorns: Ola, the ride-hailing company, and Ola Electric, which has big hopes to disrupt the electric two-wheeler sector. It began delivering its electric scooters in December .