India: Ola Electric ropes in auto veteran Yongsung Kim as head of sales strategy

Photo: Reuters

Ola Electric—an electric vehicle manufacturing startup—on Tuesday announced the appointment of Yongsung Kim as the head of international and domestic sales strategy as the Bengaluru-based unicorn gears up to launch its electric two-wheelers. Kim was the head of sales and distribution departments of Kia Motors India subsidiary.

“A 35-year veteran with Hyundai Motor and Kia, Yongsung brings global automotive sales experience from around the world, including North America, Europe, United Kingdom, Middle East, Africa, Asean, Asia Pacific and of course India where he spent several years, first with Hyundai Motor and then with Kia, to build their market-leading presence in India,” said Ola Electric in a statement.

It further added that Yongsung will lead both the domestic and international strategy for sales for Ola Electric as it gears up to launch its first electric scooter across India and multiple international markets, including Europe and the UK, Latin America, Australia, New Zealand and Southeast Asia in the coming years.

Ola electric has already started constructing its first factory in Tamil Nadu for manufacturing ten million units of electric two-wheelers. The SoftBank backed startup will invest Rs2,400 crore in the project and aims to create 10,000 jobs.

“I am excited to have Yongsung join our team at Ola Electric and look forward to collaborating with him as we launch our range of electric products around the world. His expertise in sales, distribution and service will be critical for our global expansion and for bringing our advanced, innovative electric products to our customers,” Aggarwal, chairman and group chief executive, Ola.

“I am very excited to join Ola Electric and its team to develop a winning strategy for India and global sales for its range of EV products, beginning with the Ola Scooter. With this new assignment, I also returned to India, where I had spent several years in the sales teams of Hyundai Motors and Kia, so it is doubly satisfying for me and a great opportunity to work together towards putting India on the world EV map,” said Yongsung.

This article was first published on livemint.com.

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.