Ola Electric Mobility losses widen to ₹347 crore in Q1 2024-25
4 months, 1 week ago

Ola Electric Mobility losses widen to ₹347 crore in Q1 2024-25

Hindustan Times  

Ola Electric Mobility on Wednesday reported a higher consolidated loss of ₹347 crore for the April-June quarter compared to the year-ago period. Bhavish Aggarwal, CEO of Ola Cabs, and founder of Ola Electric, speaks during a press conference ahead of the company's IPO launch in Mumbai. The quarter witnessed the highest-ever deliveries of vehicles by the company at 1,25,198 units as against 70,575 units delivered in the same period last year, Ola Electric Mobility said. The company also said it ramped up deliveries of its mass-market scooter portfolio during the quarter which helped accelerate the growth, adding that the existing product portfolio also saw strong demand which continued growth momentum throughout the quarter.

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History of this topic

Why Ola Electric share price jumped today? 3 factors behind strong rally
3 weeks, 1 day ago

Why Ola Electric share price jumped today? 3 factors behind strong rally

India Today  

Shares of Ola Electric Mobility extended their winning streak on Tuesday, rising nearly 7% in intraday trade to touch Rs 101.42 on the Bombay Stock Exchange. Over the past five trading sessions, Ola Electric shares have gained nearly 28%, recovering sharply from their 52-week low of Rs 66.60. STORE EXPANSION BOOST Ola Electric's CEO Bhavish Aggarwal has unveiled an ambitious …

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here
3 weeks, 1 day ago

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here

Live Mint  

Despite starting today’s trading session on a weak note, falling 7 per cent, OLA Electric shares staged a strong recovery, erasing early losses to trade at ₹93.70 apiece, up 7 per cent from the previous close of ₹87.41. Despite the drop, OLA Electric retained its leadership position in the electric two-wheeler segment, holding a market share of 24.54 per cent …

Explained: Why Ola Electric share price jumped after falling 5% in early trade
3 weeks, 2 days ago

Explained: Why Ola Electric share price jumped after falling 5% in early trade

India Today  

Shares of Ola Electric have recovered sharply after tumbling 5.5% in early trade on Monday, following a sharp 33% drop in November sales to 27,746 units. However, shares of Ola Electric witnessed a sharp recovery at around 11:11 am, trading 3.01% higher at Rs 90.05. Despite the drop in sales, Ola retained its leadership with a 25.09% market share in …

Ola Electric share price jumps over 6% after key update from CEO
3 weeks, 2 days ago

Ola Electric share price jumps over 6% after key update from CEO

India Today  

Shares of Ola Electric surged over 6% on December 2 after CEO Bhavish Aggarwal announced a major expansion plan for the company’s retail presence. At 2:11 pm on December 2, Ola Electric's stock had gained 6.27%, trading at Rs 92.90 per share, with a day high of Rs 93.7. The surge in shares follows a 30% rally over recent trading …

Ola Electric shares continue positive rally, rise above Rs 90. Time to buy?
3 weeks, 6 days ago

Ola Electric shares continue positive rally, rise above Rs 90. Time to buy?

India Today  

Ola Electric Mobility Ltd extended its rally on Thursday, with shares rising over 6% to hit a high of Rs 93.60 in early trade. The brokerage had initiated coverage with a 'Buy' rating, citing Ola Electric’s dominance in the Indian electric two-wheeler market and its long-term growth potential. Citi highlighted Ola Electric’s leadership position with a 38% market share in …

Explained: Ola Electric share price jumped 13% today
Trending News
4 weeks ago

Explained: Ola Electric share price jumped 13% today

India Today  

Shares of Ola Electric Mobility surged on Wednesday, climbing as much as 13% in intraday trading following the announcement of its new range of electric scooters. On November 26, Ola Electric announced the launch of four new electric scooters: Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+, priced at Rs 39,999, Rs 49,999, Rs 59,999, and Rs …

Ola Electric share price jumps 18%: Should you buy now or wait?
Top News
4 weeks ago

Ola Electric share price jumps 18%: Should you buy now or wait?

India Today  

Shares of Ola Electric Mobility Ltd surged nearly 18% on Wednesday, touching an intraday high of Rs 87.90 before settling at Rs 86.15, a gain of 17.26%. OLA ELECTRIC STOCKS GAIN TODAY The rally in Ola Electric shares followed the company’s announcement of its new electric scooter lineup, which aims to make EVs more accessible across various segments. The newly …

Ola Electric cuts 500 jobs across verticals
Trending News
1 month ago

Ola Electric cuts 500 jobs across verticals

Deccan Chronicle  

New Delhi: Ola Electric Mobility is cutting 500 jobs across verticals and levels as part of a restructuring exercise, according to people aware of the development. It has been a gradual process of removing redundant roles across verticals and levels,” said a source. Ola Electric is looking to optimise workforce with an aim to improving margins and enhance profitability, the …

Ola Electric layoffs: Here's why Bhavish Aggarwal-led company is set to cut 500 job
1 month ago

Ola Electric layoffs: Here's why Bhavish Aggarwal-led company is set to cut 500 job

Firstpost  

This development comes amid heightened scrutiny over Ola Electric’s after-sales service quality and safety issues that have been plaguing the products of the two-wheeler manufacturer Ola’s sales volumes dropped by almost 25 per cent in the first half of this fiscal year — down to around 483,000 units from 643,000 units a year earlier. File image Bhavish Aggarwal-led Ola Electric …

Ola Electric may lay off 500 workers as company faces financial challenges: Report
1 month ago

Ola Electric may lay off 500 workers as company faces financial challenges: Report

Hindustan Times  

Ola Electric Mobility Limited is now planning to lay off more than 500 employees across various roles as part of a new restructuring exercise to try to become profitable, Moneycontrol reported citing unnamed sources. Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's forthcoming initial public offering, in Mumbai HT couldn't independently verify the information. …

Ola Electric layoffs: 500 employees likely to lose jobs amid restructuring
1 month ago

Ola Electric layoffs: 500 employees likely to lose jobs amid restructuring

India Today  

Ola Electric is reportedly preparing for a restructuring drive that could impact over 500 employees, representing more than 12% of its 4,000-strong workforce, reported Business Standard. In its first post-IPO financial results for Q2 FY25, Ola Electric reported a 38.5% year-on-year revenue growth to Rs 1,240 crore, primarily driven by a 73.6% increase in deliveries. Ola Electric’s network of 782 …

Ola Electric laying off 500 employees in restructuring move
Trending News
1 month ago

Ola Electric laying off 500 employees in restructuring move

Live Mint  

Electric two-wheeler maker Ola Electric is set to let go of nearly 500 employees across teams as part of a restructuring exercise to improve margins and profitability prospects, a person in the know of the matter told Mint. The development comes months after Ola Electric’s sister company Ola Consumer, formerly Ola Cabs, announced a restructuring exercise in April that would …

Ola Electric Layoffs: EV Firm Plans To Fire 500 Employees Amid Restructuring, Says Report
1 month ago

Ola Electric Layoffs: EV Firm Plans To Fire 500 Employees Amid Restructuring, Says Report

ABP News  

Ola Electric Layoffs: Ola Electric is reportedly planning to start a restructuring initiative that will impact over 500 employees across various roles within the organisation. This development comes seven months after Ola Electric’s sister company, Ola Consumer, announced plans for a restructuring that would impact at least 10 per cent of its staff. Earlier this month, Ola Electric released its …

More trouble for Ola Electric, faces investigation over service standards: Report
Trending News
1 month, 1 week ago

More trouble for Ola Electric, faces investigation over service standards: Report

India Today  

The country's leading certification agency, the Bureau of Indian Standards, is set to investigate Ola Electric over alleged deficiencies in service standards and product quality, according to Consumer Affairs Secretary Nidhi Khare. In October, the CCPA requested Ola Electric to explain why it had received nearly 10,000 complaints from customers. The rising volume of complaints has brought regulatory scrutiny upon …

Ola Electric Q2 Results: Firm posts net loss of ₹495 crore; revenue rises 39% y-o-y
1 month, 2 weeks ago

Ola Electric Q2 Results: Firm posts net loss of ₹495 crore; revenue rises 39% y-o-y

Live Mint  

Electric two-wheeler maker Ola Electric Mobility posted a consolidated net loss of ₹495 crore for the September 2024 quarter on Friday, November 8. The loss narrowed from ₹524 crore a year earlier, but widened over ₹347 crore in the June 2024 quarter. In an earnings call with investors after the results, Ola Electric CEO Bhavish Aggarwal said the company was …

Ola Electric share price drops over 5% as anchor investors’ 90 day lock-in period ends
1 month, 2 weeks ago

Ola Electric share price drops over 5% as anchor investors’ 90 day lock-in period ends

Live Mint  

Ola Electric share price declined over 5% in early trade on Tuesday as the anchor lock-in period of three months, or 90 days, ended today. The anchor lock-in period for 50% of Ola Electric Mobility shares, around 18.18 crore or 4% of the company’s outstanding shares, ended on Tuesday, November 5. The end of the three months’ anchor lock-in period …

Hezbollah Names Sheikh Naim Kassem as New Leader
1 month, 3 weeks ago

Hezbollah Names Sheikh Naim Kassem as New Leader

Live Mint  

Indian stock markets experienced a rebound on Tuesday, October 29, with the Sensex and Nifty indices making smart turnarounds. The recovery was driven by strong performances from major heavyweights like Reliance Industries, HDFC Bank ICICI Bank, and State Bank of India. Meanwhile, Adani Ports and Special Economic Zone reported strong Q2 results, while Ola Electric shares experienced a significant decline …

Ola Electric's BOSS 72-Hour Rush: Big Discounts on S1 Series, Up to ₹25,xxx Off
2 months, 1 week ago

Ola Electric's BOSS 72-Hour Rush: Big Discounts on S1 Series, Up to ₹25,xxx Off

Live Mint  

Ola Electric's 72-hour sale offers significant discounts on its S1 series of electric scooters. The S1 X 2kWh model can be purchased for as low as ₹49,999, with other models available at attractive prices. The sale also includes exclusive perks such as an 8-year battery warranty, financing options, and a complimentary MoveOS+ software upgrade.

Bajaj's aggressive push threatens Ola's EV dominance as share slips below 30%
2 months, 3 weeks ago

Bajaj's aggressive push threatens Ola's EV dominance as share slips below 30%

Live Mint  

Bajaj Auto, a ‘legacy’ two-wheeler maker once far behind the EV race where Ola Electric and other startups were shaping the market, has nearly doubled its market share since the start of the fiscal in April. Bajaj has positioned itself to challenge the market leader Ola Electric, whose grip on the market slipped to a precarious 27% in September 2024, …

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report
3 months, 1 week ago

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report

The Hindu  

The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13% by 2026-27, investment banking company Jefferies asserted in a report. "We currently assume a share of E2Ws rising from 5% in FY24 to 7% /10% /13% in FY25E/FY26E/FY27E, although we now see a downside …

Stock market news: Ola Electric share price jumps 70% within three days of stock listing. More steam left?
4 months, 1 week ago

Stock market news: Ola Electric share price jumps 70% within three days of stock listing. More steam left?

Live Mint  

Stock market news: Ola Electric share price has been ascending continuously after listing on Dalal Street on Friday last week. Though Ola Electric share price had a flat listing, the stock has witnessed strong buying since listing. Ola Electric share price today opened upside and touched an intraday high of ₹129.40 apiece on the NSE, registering around a 70 percent …

Ola Electric IPO lists flat: Should you book profit or hold?
4 months, 2 weeks ago

Ola Electric IPO lists flat: Should you book profit or hold?

India Today  

Ola Electric Mobility made a disappointing debut on the Dalal Street on Friday, with the shares listing flat, despite creating buzz since the EV player filed its IPO papers. "While Ola Electric's vision for the EV market is ambitious, the company's current financial performance, marked by consistent losses, and the highly competitive landscape have tempered investor enthusiasm. Prashanth Tapse, Senior …

Ola Electric IPO allotment today: Here's how to check status on Link Intime, BSE
4 months, 2 weeks ago

Ola Electric IPO allotment today: Here's how to check status on Link Intime, BSE

Hindustan Times  

Ola Electric IPO allotment: The allotment for initial public offering of Ola Electric Mobility Ltd is expected to be finalised today. You can check Ola Electric IPO allotment status online through the BSE website or the official portal of IPO registrar Link Intime India Private Ltd. Ola Electric IPO allotment: Ola Electric CMD Bhavish Aggarwal addresses the media during the …

Ola Electric IPO: Issue closes today, see subscription, GMP, other details
4 months, 2 weeks ago

Ola Electric IPO: Issue closes today, see subscription, GMP, other details

Hindustan Times  

The Ola Electric IPO bidding closes today on August 6, 2024. Ola Electric shares fetched a premium of more than 3% in the grey market. Who are the book-running lead managers and registrar of the Ola Electric IPO? Expert’s Take on IPO “We believe Ola Electric’s EV market share of CY24TD is not sustainable, given peers have yet to ramp …

Much hyped Ola IPO subscribed 4.26 times
4 months, 2 weeks ago

Much hyped Ola IPO subscribed 4.26 times

New Indian Express  

MUMBAI: The much anticipated initial public offering of Ola Electric was subscribed 4.26 times on the final day of bidding, receiving bids for 198.16 crore equity shares against 46.52 crore shares on offer. The low subscription level came despite the leading electric two-wheeler company’s valuation eased to about $4 billion ahead of the Rs 6,145 crore IPO. Elara Securities in …

Bhavish Aggarwal to earn ₹288 crore from Ola Electric IPO?
4 months, 3 weeks ago

Bhavish Aggarwal to earn ₹288 crore from Ola Electric IPO?

Hindustan Times  

Ola Electric IPO: Bhavish Aggarwal-led Ola Electric Mobility Limited opened its initial public offering for subscription today. Ola Electric has come up India's biggest initial public offering of 2024 so far as the company commands nearly 35 per cent market share in India's electric two-wheeler market. Ola Electric IPO: Bhavish Aggarwal, CEO of Ola Cabs, and founder of Ola Electric, …

Ola Electric IPO opens today. Should you subscribe to the biggest issue in 2024?
4 months, 3 weeks ago

Ola Electric IPO opens today. Should you subscribe to the biggest issue in 2024?

Hindustan Times  

The initial public offering of Ola Electric opens for subscription today. Ola Electric IPO: Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's forthcoming initial public offering, in Mumbai. IPO details: The Ola Electric IPO comprises an offer for sale of 8.49 crore equity shares by investors and promoters. Ola Electric IPO listing date: Ola …

Highest paid Ola Electric executive not founder and CEO Bhavish Aggarwal, it is…
4 months, 3 weeks ago

Highest paid Ola Electric executive not founder and CEO Bhavish Aggarwal, it is…

Hindustan Times  

Ola Electric's highest paid executive was not founder and CEO Bhavish Aggarwal, or its CFO, or CTO. It was Hyun Shik Park, the Chief Operations Officer of Ola Cell Technologies, a wholly-owned subsidiary of Ola Electric, according to a Moneycontrol report which added that he had previously spent more than 36 years at South Korean conglomerate LG. Ola Electric S1 …

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased
4 months, 3 weeks ago

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased

Hindustan Times  

The central government has extended the 'Electric Mobility Promotion Scheme 2024' by two months, till September 30, 2024, according to a statement from the Ministry of Heavy Industries, which added that the total outlay for the scheme has also now been increased to ₹778 crore from ₹500 crore earlier. Ola Electric is India's bestselling two-wheeler EV brand {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} …

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion
4 months, 3 weeks ago

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

The Hindu  

SoftBank-backed Ola Electric's IPO will open for retail subscription on Aug. 2, the electric scooter maker said on July 27, 2024, a stock offering that according to two sources will value the company between $4.2 billion to $4.4 billion. Ola's expected valuation is about 18.5% to 22% lower than in its last funding round in September, which was led by …

Ola Electric Eyes Lower Valuation of $4.5 Billion for IPO: Report
5 months, 1 week ago

Ola Electric Eyes Lower Valuation of $4.5 Billion for IPO: Report

News 18  

SoftBank-backed Indian e-scooter maker Ola Electric is likely to value the company at around $4.5 billion for its initial public offering, around 16%-20% lower than the valuation at its last funding round, two sources told Reuters. The Indian markets regulator in June approved Ola’s $660 million stock market listing, the first IPO by an EV maker in India and set …

Ola Electric may set valuation at around $4.5 billion for IPO: Report
5 months, 1 week ago

Ola Electric may set valuation at around $4.5 billion for IPO: Report

Hindustan Times  

Ola Electric is likely to value the company at around $4.5 billion for its upcoming initial public offering, it was reported. Ola Electric IPO: Ola Electric received official approval from market regulator Securities Exchange Board of India for its initial public offering. Earlier it was reported that Ola Electric received official approval from market regulator Securities Exchange Board of India …

India gets high-demand for EV 2 wheelers, but Ola experiences a dip: Know-why
5 months, 3 weeks ago

India gets high-demand for EV 2 wheelers, but Ola experiences a dip: Know-why

India TV News  

According to a recent report, electric vehicle adoption in India’s two-wheeler sector has seen a significant boost over the past two months, despite the incentives being nearly halved in April. Electric passenger vehicle penetration deteriorated slightly month-on-month where Tata Motors lost market share while MG gained. Meanwhile, another report last month said that with an improving adoption rate, electric car …

Ola Electric faces investor pushback on IPO valuation: Report
6 months ago

Ola Electric faces investor pushback on IPO valuation: Report

Hindustan Times  

Ola Electric Mobility, India’s largest electric scooter maker, is facing investor pushback on its targeted valuation for its upcoming IPO, people familiar with the matter told Bloomberg. At this rate, Ola Electric’s current investors may opt not to sell existing shares in the company, the people told Bloomberg. The background Backed by SoftBank Group Corp. and Tiger Global Management, Ola …

Ola electric to raise Rs.7,250 crore IPO, receives SEBI approval
6 months, 1 week ago

Ola electric to raise Rs.7,250 crore IPO, receives SEBI approval

Hindustan Times  

Electric vehicle maker, Ola Electric has received approval from SEBI for a Rs.7,250 crore IPO, according to sources who did not wish to be named, Moneycontrol reported. Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu Ola Electric was the first-ever Indian EV two-wheeler maker to file for an …

Ola Electric layoffs: Company to cut 500 jobs, Bhavish Aggarwal ‘reducing costs’
6 months, 3 weeks ago

Ola Electric layoffs: Company to cut 500 jobs, Bhavish Aggarwal ‘reducing costs’

Hindustan Times  

Ola Electric layoffs: Ola Electric is planning to lay off around 400-500 people across the organisation. Ola Electric weighs bid for lithium mining rights, says report The impacted employees may be replaced with new hiring at a relatively cheaper cost, the report added but the headcount is set to shrink following the completion of layoffs. The report also claimed that …

Ola Electric to lay off 500 employees ahead of IPO: Report
6 months, 3 weeks ago

Ola Electric to lay off 500 employees ahead of IPO: Report

India Today  

Ola Electric is planning to lay off around 400-500 people across the organisation in the coming weeks to control operating costs before its initial public offering, reported the Economic Times. In December, when Ola Electric filed its draft IPO papers, the company stated it had 3,733 employees as of October 2023, with an employee attrition rate of 47.48% in FY23. …

Ola Cabs CEO Hemant Bakshi resigns; company to lay off 10% of staff ahead of IPO
7 months, 3 weeks ago

Ola Cabs CEO Hemant Bakshi resigns; company to lay off 10% of staff ahead of IPO

Live Mint  

Bengaluru: Ola Cabs CEO Hemant Bakshi has stepped down less than a year after joining the ride-hailing firm, two persons with knowledge of the matter said. Bakshi is said to have joined the Bhaavish Aggarwal-led firm in September last year, the first person said, although the company made the announcement in January. Bakshi's resignation and staff reduction come ahead of …

Ola Cabs layoffs: Company to cut 10% staff, CEO Hemant Bakshi quits
7 months, 3 weeks ago

Ola Cabs layoffs: Company to cut 10% staff, CEO Hemant Bakshi quits

Hindustan Times  

Ola Cabs CEO Hemant Bakshi quit from his position just four months after taking the job while the firm is undertaking a restructuring exercise that could result in at least 10 per cent job cuts, Moneycontrol reported citing people in the know. Hemant Bakshi joined the ride-hailing firm in January and an unnamed source said as per the report, “With …

Ola Cabs CEO Hemant Bakshi steps down; company to reduce workforce by 10 per cent
7 months, 3 weeks ago

Ola Cabs CEO Hemant Bakshi steps down; company to reduce workforce by 10 per cent

India TV News  

Ola Cabs- a Ride-hailing platform is said to have gone through a rough time as Hemant Bakshi, the CEO resigned from his position. The source further says that the cab service-providing company is also expected to go for a team restructuring process which will impact at least 10 per cent of its workforce. It was back in January, that the …

Ola Electric slashes cheapest e-scooter prices by over 12 per cent: Check new rates
8 months, 1 week ago

Ola Electric slashes cheapest e-scooter prices by over 12 per cent: Check new rates

India TV News  

Ola Electric, the largest electric scooter manufacturer in India, announced on Monday a reduction in the price of its most affordable variant by 12.5 per cent. Anshul Khandelwal, the marketing chief of Ola Electric, stated that the price of the cheapest variant of its S1X model has been lowered to 69,999 rupees from the previous 79,999 rupees. Check price of …

Ola’s India refocus makes sense
8 months, 2 weeks ago

Ola’s India refocus makes sense

Live Mint  

Ride-hailing major Ola Cabs is set to withdraw from its three overseas markets of the UK, Australia and New Zealand by month end. As reported, the company has started sending users notifications on the service’s impending closure, with its Australian operations set to cease from 12 April. In Delhi and Bengaluru, Ola faces stiff upper-end rivalry from BluSmart’s electric fleet, …

Ola focusing on Indian market, set to shut down global operations
8 months, 2 weeks ago

Ola focusing on Indian market, set to shut down global operations

India TV News  

Ola, a ride-hailing company has reportedly announced its decision to cease operations in its global markets, which include the UK, New Zealand and Australia, citing to escalate the competition. It was on Tuesday when the move surfaced as the company shifted its focus to the Indian market, and recognized the significant opportunities for expansion within the country's evolving mobility landscape. …

Ola Electric achieves a 115% growth record at the end of FY24
8 months, 3 weeks ago

Ola Electric achieves a 115% growth record at the end of FY24

India TV News  

Ola Electric achieved a growth of 115 per cent in FY24 over FY23 with 328,785 units registered as against 1,52,741 units in FY23, the company said on Monday. The EV industry had a massive growth of 30 per cent in FY24 with over 9 per cent EV penetration in March.” With the launch of S1 X, Ola Electric expanded its …

Ola mobility biz turns profitable, sets sights on industry leadership
10 months, 4 weeks ago

Ola mobility biz turns profitable, sets sights on industry leadership

Live Mint  

Bengaluru: Ola on Thursday said it has appointed former Unilever executive Hemant Bakshi as the chief executive officer for its mobility business, which turned Ebitda positive in fiscal year 2023 for the first time, as it looks to focus on areas including ride-hailing and e-commerce services. The mobility business posted an adjusted Ebitda of about ₹250 crore in FY23, compared …

Ola Electric records over 30,000 registrations in December, dominates the 2W EV segment with 40% market share
11 months, 3 weeks ago

Ola Electric records over 30,000 registrations in December, dominates the 2W EV segment with 40% market share

The Hindu  

Ola Electric on January 1 announced that it recorded 30,219 registrations in December and captured a 40% market share in the EV 2W segment. Additionally, it posted a Q-o-Q growth of 48% with 83,963 registrations during the quarter ended December and a Y-o-Y growth of 68% when compared to the same quarter last year. Ola Electric has achieved another achievement …

Ola Electric set to reach milestone: ‘Four-Lakh e-scooters in two years’
1 year ago

Ola Electric set to reach milestone: ‘Four-Lakh e-scooters in two years’

Hindustan Times  

Ola Electric is on the verge of a significant milestone, poised to become the “first electric two-wheeler manufacturer in India to produce four lakh electric scooters within two years.” In the previous year, the company achieved a remarkable feat by manufacturing one lakh electric scooters in just 10 months after its launch, marking the fastest pace among electric two-wheeler manufacturers …

Ola Elec raises ₹3.2K crore for cell factory, EVs
1 year, 1 month ago

Ola Elec raises ₹3.2K crore for cell factory, EVs

Live Mint  

Ola Electric on Thursday said it has raised ₹3,200 crore through an equity fundraise led by existing investor Temasek and project debt from State Bank of India to build a cell manufacturing factory and expand its electric two-wheeler business. Ola Electric has introduced new products in its electric scooter line-up, with the latest S1X starting from ₹89,999 ex-showroom for the …

Meet 'Bijlee': Ola Electric’s newest ‘paw-sitive’ addition to its workforce
1 year, 4 months ago

Meet 'Bijlee': Ola Electric’s newest ‘paw-sitive’ addition to its workforce

Live Mint  

Ola co-founder Bhavish Aggarwal recently shared heartwarming photos of 'Bijlee,' the newest member of Ola Electric. The viral pictures also feature Bijlee's official Ola Electric ID card, causing a buzz on social media. It also mentions Ola Electric's Bengaluru office address, signifying her presence at the Koramangala branch. The comments section is filled with praises and clever comparisons, with one …

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