Ola Electric IPO: Firm Plans To Deploy Rs 1,226.43 Cr Of Proceeds On Cell Production Capacity Expansion
1 year, 3 months ago

Ola Electric IPO: Firm Plans To Deploy Rs 1,226.43 Cr Of Proceeds On Cell Production Capacity Expansion

ABP News  

IPO-bound Ola Electric Mobility Ltd plans to utilise Rs 1,226.43 crore out of the proceeds of its Rs 5,500-crore public issue on capacity expansion of its cell manufacturing plant to 6.4 GWh from 5 GWh, according to preliminary papers filed by the company with capital markets regulator SEBI. In its DRHP, the company said the Phase 1 and Phase 1 of the set up and expansion of the Ola Gigafactory at Krishnagiri district in Tamil Nadu will be funded from internal accruals and long term borrowings availed by its arm Ola Cell Technologies Pvt Ltd. In the details of the objects of the IPO, the company said a portion of the proceeds will be used for capital expenditure to be incurred by OCT for expansion of the capacity of cell manufacturing plant from 5 GWh to 6.4 GWh. On future product launch plans, the company said, "We plan to further launch affordable mass market Ola S1 models, including E2Ws targeted at the personal, business to business and last-mile delivery segment by first half of Fiscal 2025."

Company Ola Capacity Ipo Gwh 5 Gwh  proceeds  phase  ipo  electric  rs  company  capacity  ola  firm  deploy  product  motorcycles  production  plans  gwh  expansion

History of this topic

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives
3 weeks, 3 days ago

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives

The Hindu  

Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle manufacturer in India to receive incentives under the Production Linked Incentive Scheme for Automotive and Auto Component. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of …

Ola Electric’s sales plunge in a shrunk market. But its data says otherwise.
1 month ago

Ola Electric’s sales plunge in a shrunk market. But its data says otherwise.

Live Mint  

New Delhi: Ola Electric Technologies Ltd’s monthly registrations fell to a near three-year low in February while its legacy rivals raced to grab a larger share of India’s shrunk electric two-wheeler market. TVS Motor sold 17,605 electric bikes and scooters, claiming a 24.5% market share in February, followed by Ola Electric’s closest new-age rival Ather Energy that registered 11,130 vehicles, …

Ola Electric needs to sell 50,000 EVs a month to be profitable: Bhavish Aggarwal
1 month, 3 weeks ago

Ola Electric needs to sell 50,000 EVs a month to be profitable: Bhavish Aggarwal

Live Mint  

New Delhi: Homegrown electric two-wheeler maker Ola Electric will need to consistently sell 50,000 units every month in order to achieve profitability, its founder and chief executive officer Bhavish Aggarwal said on Friday. Speaking at an analyst call after the company’s December quarter earnings, Aggarwal said that Ola Electric sold 25,000 units in January, with which he claimed that the …

Ola Electric Q3 Results: Net loss widens to ₹564 crore, revenue drops 19% YoY
1 month, 3 weeks ago

Ola Electric Q3 Results: Net loss widens to ₹564 crore, revenue drops 19% YoY

Live Mint  

Ola Electric Q3 Results: Electric two-wheeler maker Ola Electric Mobility on Friday reported a net loss of ₹564 crore for the third quarter of FY25. In the quarter ended September 2024, Ola Electric Mobility posted a net loss of ₹495 crore. In January, we’re back to market leadership with an expected gross margin of approx 26%, up from 20.4% in …

Ola Roadster X Plus Electric Motorcycle Has An Astonishing 501km Range!
1 month, 3 weeks ago

Ola Roadster X Plus Electric Motorcycle Has An Astonishing 501km Range!

ABP News  

Ola has revealed the prices for its Roadster X Plus electric motorcycle in India with a starting price of 1.05 lakh while the top-end version is priced at Rs 1.55 lakh, while these prices are introductory. The Ola Roadster X Plus electric has three riding modes, an LCD dashboard, reverse mode, regenerative braking, single-channel ABS, OTA updates and brake-by-wire. The …

Ola Electric launches Roadster X and X+ electric motorcycles: Price, specs, features
1 month, 3 weeks ago

Ola Electric launches Roadster X and X+ electric motorcycles: Price, specs, features

Hindustan Times  

Ola Electric Mobility Ltd has launched its new Roadster X and Roadster X+ electric motorcycles on Wednesday. Ola Electric founder Bhavish Aggarwal and head designer Kripa Ananthan unveiled the new Ola Electric motorcycles This comes after the company unveiled its latest Gen 3 S1 electric scooter range on January 31. The new Roadster X comes with 2.5, 3.5, and 4.5 …

Ola Electric to launch Roadster X electric motorcycle today: Specs and price
1 month, 3 weeks ago

Ola Electric to launch Roadster X electric motorcycle today: Specs and price

Hindustan Times  

Ola Electric Mobility Ltd will unveil its Roadster X electric motorcycle on Wednesday at 10:30 am. Ola Electric founder Bhavish Aggarwal initially presented the company's three new bikes on August 15, 2024 This comes after the company unveiled its latest Gen 3 S1 electric scooter range on January 31. It also gets advanced regen, cruise control, DIY Mode, TPMS alerts, …

Ola Roadster X series of electric motorcycles launched in India at Rs 74,999
1 month, 3 weeks ago

Ola Roadster X series of electric motorcycles launched in India at Rs 74,999

India Today  

Electric two-wheeler manufacturer Ola Electric has entered the motorcycle segment by launching the Ola Roadster X series of electric motorcycles. Built on the company's scalable motorcycle platform, the Ola Roadster X series is being introduced at a starting price of Rs 74,999. Roadster X 2.5kWh - Rs 74,999 Roadster X 3.5kWh - Rs 84,999 Roadster X 4.5kWh - Rs 94,999 …

Ola Electric Gen 3 electric scooter range unveiled: Price, features, range, other details
Trending News
1 month, 4 weeks ago

Ola Electric Gen 3 electric scooter range unveiled: Price, features, range, other details

Hindustan Times  

Ola Electric Mobility Ltd unveiled its new Gen 3 electric scooter range on Friday, January 31, 2025. Ola Electric has also opened 4,000 stores and service centres across India by December 2024, Aggarwal announced during the presentation. Aggarwal also announced that Ola Electric now has a 25 per cent market share in India. At 10:35 am IST shortly before the …

Will Ola Electric Mobility's motorcycle bet pay off?
2 months, 4 weeks ago

Will Ola Electric Mobility's motorcycle bet pay off?

Live Mint  

Ola Electric Mobility Ltd's stock has fallen by nearly 10% after it said on 25 December that it would expand its network to 4,000 outlets from 800 to improve customer service. Even though the current penetration of electric scooters is just about 21.4% in total scooter sales as of September, the fact remains that Ola allowed incumbent internal combustion engine …

Ola Electric Mobility share price rises 5% as firm expands network to 4,000 stores
3 months ago

Ola Electric Mobility share price rises 5% as firm expands network to 4,000 stores

Live Mint  

Ola Electric Mobility share price rose by 5% in morning trade on Thursday, December 26, following the company's announcement of a major expansion to 4,000 stores. Four-fold increase in Ola's network Ola Electric highlighted that it has opened more than 3,200 new stores co-located with service centres, making it India’s largest EV expansion in one go. The expansion by Ola …

Ola Electric store count to touch 4,000 this Christmas; CEO Bhavish Aggarwal eyes presence in ’every town, city, tehsil’
3 months, 1 week ago

Ola Electric store count to touch 4,000 this Christmas; CEO Bhavish Aggarwal eyes presence in ’every town, city, tehsil’

Live Mint  

Ola Electric Mobility has announced that it will expand its stores to 4,000 locations on Christmas, December 25. “Ola Electric is set to expand its sales and service network to 4,000 on December 25th, marking one of the fastest rollouts of EV distribution globally. With 3,200 new stores complementing its existing footprint, Ola Electric is bringing its portfolio of affordable, …

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here
3 months, 4 weeks 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 …

Ola Electric share price jumps over 6% after key update from CEO
3 months, 4 weeks 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 stock extends gains to 5th straight day, jumps another 6% to 7-week high
4 months ago

Ola Electric stock extends gains to 5th straight day, jumps another 6% to 7-week high

Live Mint  

Stock Market Today: Ola Electric share price continued its winning streak for the fifth consecutive session, rising another 6.24% in morning trade on Thursday, November 28, to a seven-week high of ₹93.60 apiece. In another positive development, global brokerage firm Citi Research initiated coverage on Ola Electric stock with a ‘buy’ rating and a target price of ₹90 per share. …

Explained: Ola Electric share price jumped 13% today
Trending News
4 months 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 months 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 S1 Z and Gig range launched in India: Check price, features and more
Trending News
4 months ago

Ola S1 Z and Gig range launched in India: Check price, features and more

Live Mint  

Ola Electric has launched two new electric scooter ranges, the Ola S1 Z and Ola Gig, aimed at gig workers and urban commuters. Key Features and Pricing The Ola S1 Z series, which includes the S1 Z and S1 Z+ models, is priced at ₹59,999 and ₹64,999, respectively. These scooters are equipped with two 1.5 kWh swappable battery packs, delivering …

Ola Electric layoffs: 500 employees likely to lose jobs amid restructuring
4 months, 1 week 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
4 months, 1 week 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 to launch new EVs every quarter, expand store network to 2,000 by 2025
4 months, 3 weeks ago

Ola Electric to launch new EVs every quarter, expand store network to 2,000 by 2025

New Indian Express  

MUMBAI: Ola Electric, India’s largest electric two-wheeler manufacturer, is ramping up its expansion efforts with plans to launch one new product every quarter and increase its company-owned stores to 2,000 by March 2025. “Over the next two years, we will be launching 20 products, with at least one new product launch every quarter,” stated Ola Electric in its latest investor …

Ola Electric Q2 Results: Firm posts net loss of ₹495 crore; revenue rises 39% y-o-y
4 months, 3 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's BOSS 72-Hour Rush: Big Discounts on S1 Series, Up to ₹25,xxx Off
5 months, 2 weeks 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.

Ather Energy Files IPO Papers with Sebi; Eyes Rs 3,100 Crore Via Fresh Issue
6 months, 3 weeks ago

Ather Energy Files IPO Papers with Sebi; Eyes Rs 3,100 Crore Via Fresh Issue

News 18  

Electric two-wheeler maker Ather Energy on Monday filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering. Those selling shares in the OFS are — Caladium Investment Pte Ltd, National Investment and Infrastructure Fund II, 3State Ventures Pte Ltd, IITM Incubation Cell and IITMS Rural Technology and Business Incubator among others. Proceeds from the …

Ola Electric Mobility losses widen to ₹347 crore in Q1 2024-25
7 months, 2 weeks 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 …

Ola Electric Mobility IPO: Shares Make Flat Debut At Rs 76, Surge 11% Post-Listing
7 months, 3 weeks ago

Ola Electric Mobility IPO: Shares Make Flat Debut At Rs 76, Surge 11% Post-Listing

ABP News  

Ola Electric IPO: Shares of Ola Electric Mobility Ltd made their stock market debut on a flat note on Friday, with the stock listing marginally lower than its issue price of Rs 76. Ola Electric's Rs 6,145-crore Initial Public Offering was highly successful, with the offer being oversubscribed 4.27 times on the final day of bidding. The IPO, the first …

Ola Electric IPO allotment today: Here's how to check status on Link Intime, BSE
7 months, 3 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 Mobility IPO Oversubscribed On Final Day. Check Subscription Rate And More
7 months, 3 weeks ago

Ola Electric Mobility IPO Oversubscribed On Final Day. Check Subscription Rate And More

ABP News  

Ola Electric IPO: The Rs 6,146-crore IPO of Ola Electric Mobility received a strong response from investors, achieving a subscription rate of 4.26 times the shares on offer on the last day of bidding. The electric vehicle manufacturer allocated Rs 5.5 crore worth of shares to its employees, who will receive these at a discount of Rs 7 per share …

Much hyped Ola IPO subscribed 4.26 times
7 months, 3 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 …

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased
8 months 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 Eyes Lower Valuation of $4.5 Billion for IPO: Report
8 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 faces investor pushback on IPO valuation: Report
9 months, 1 week 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
9 months, 2 weeks 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 IPO: A policy that dividend stock investors may like to know
1 year, 3 months ago

Ola Electric IPO: A policy that dividend stock investors may like to know

Live Mint  

Ola Electric IPO: SoftBank Group-backed e-scooter maker company filed DRHP with market regulator Securities and Exchange Board of India on Friday last week. Ola Electric dividend history Informing about dividend history, Ola Electric has mentioned in its DRHP, "Our Company has not declared and paid any dividend in the three Fiscals and the three-months period ended June 30, 2023 preceding …

Ola Electric set to reach milestone: ‘Four-Lakh e-scooters in two years’
1 year, 3 months 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, 5 months 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 …

From car launch to IPO, Ola CEO Bhavish Aggarwal shares company’s future plans
1 year, 8 months ago

From car launch to IPO, Ola CEO Bhavish Aggarwal shares company’s future plans

Live Mint  

Driven by the stupendous demand for electric scooters, Ola Electric Mobility Pvt managed to leapfrog its progress and is now in line for an initial public offering sooner than its founder previously imagined. On company's IPO plans CEO of Ola Electrics, Bhavish Aggarwal, said that he was expecting four to six years of revenue for company's IPO plans/ “Now I …

Ola Electric Bike Global Debut on August 15, 2023
1 year, 8 months ago

Ola Electric Bike Global Debut on August 15, 2023

News 18  

Ola Electric is gearing up for a grand launch this Independence Day with the introduction of an exciting new electric motorcycle in India. The anticipation for this electric motorcycle has been building up for months, with Ola Electric CEO Bhavish Aggarwal himself dropping hints and sharing updates on social media platforms. In a recent tweet, Bhavish expressed his observations about …

Ola Electric Begins Construction of India's biggest Cell Factory, GigaFactory Starts Operations Early 2024
1 year, 9 months ago

Ola Electric Begins Construction of India's biggest Cell Factory, GigaFactory Starts Operations Early 2024

News 18  

India’s largest electric two-wheeler manufacturer Ola Electric announced the commencement of construction of India’s biggest Gigafactory. While sharing the news through an official press release, the company informed that it has already installed the first pillar of its cell factory in Tamil Nadu’s Krishnagiri. If everything goes as per the plan, it will become the country’s largest cell factory, and …

Ola Electric takes off, against the odds
2 years, 1 month ago

Ola Electric takes off, against the odds

Live Mint  

For 21-year-old Arpan Rai of Chandausi, a city in Uttar Pradesh, the penny dropped after about an hour at the biennial Auto Expo he visited in January. “I was hoping to check out Ola’s electric scooter from a close proximity and maybe even catch a glimpse of their car," he said. View Full Image Graphic: Mint Rai’s disappointment packs mixed …

Ola to launch 3 new electric bikes in India; expected launch, specifications, price and more
2 years, 1 month ago

Ola to launch 3 new electric bikes in India; expected launch, specifications, price and more

India TV News  

Ola to launch 3 new electric bikes in India; expected launch, specifications, price and more The first model will be priced at approximately Rs 1,50,000 and have a range of 174km on a single charge and a top-speed of 110kmph. According to the latest report, the company is planning to launch three new electric bikes in India and here are …

Ola Working on New Electric Sports Motorcycle, Hints CEO Bhavish Aggarwal
2 years, 4 months ago

Ola Working on New Electric Sports Motorcycle, Hints CEO Bhavish Aggarwal

News 18  

Ola Electric has been ambitious with its plans for the Indian market. Ola CEO Bhavish Aggarwal has hinted that the company may be working on their first electric motorcycles. !— Bhavish Aggarwal November 10, 2022 In his next tweet, Aggarwal ran a poll asking his followers about their preference for motorcycle- Sports, Cruiser, Adventure or Cafe Race. Which bike style …

Ola Electric to deliver its products across India within 2-3 days: CEO's promise
2 years, 4 months ago

Ola Electric to deliver its products across India within 2-3 days: CEO's promise

Hindustan Times  

Starting next week, Ola Electric will deliver its products to customers across India on the same day or within two-three days. On Friday, Aggarwal shared Ola Electric's cumulative production for 2023 and 2024. Sharing the news on Twitter, Ola's chief executive officer Bhavish Aggarwal wrote, “Starting next week, we will deliver to customers across India the same day or within …

Ola tops e-2W sales in September; beats Okinawa, Hero, Ather
2 years, 5 months ago

Ola tops e-2W sales in September; beats Okinawa, Hero, Ather

India Today  

Ola Electric was the largest electric two-wheeler manufacturer in September in terms of retail sales, beating the likes of Okinawa Autotech, Hero Electric, Ather Energy and Ampere Vehicles. According to data from the Federation of Automobile Dealers Associations, Ola retailed 9,432 units of electric scooters in September. Hero Electric's sales plunged 24.16% to 7,880 units in September. Completing the list …

Hero MotoCorp Takes a Dig at Ola With Genius Ad on India's 'Not-first' Electric Scooter
2 years, 6 months ago

Hero MotoCorp Takes a Dig at Ola With Genius Ad on India's 'Not-first' Electric Scooter

News 18  

Hero MotoCorp seemingly took a dig at Ola over their electric scooters in a genius play of words that is being lauded on the internet. Hero MotoCorp is set to launch an electric scooter, Vida, on October 7, postponed from its original July 1 launch schedule due to the global shortage of semi-conductor chips. In an ad that appeared in …

Ola Electric to open Experience Centres across India; 20 already operational
2 years, 6 months ago

Ola Electric to open Experience Centres across India; 20 already operational

Hindustan Times  

Ola Electric will open its Experience Centres across India with 20 such centres already opened. Taking to Twitter on Sunday, Ola's chief executive officer Bhavish Aggarwal said that the Experience Centres will enable even more people to experience the company's products. Bhavish Aggarwal said that the Experience Centres will enable even more people to experience the company's products. Experience centres …

Ola’s first electric car likely to be priced between Rs 40 to 50 lakh
2 years, 7 months ago

Ola’s first electric car likely to be priced between Rs 40 to 50 lakh

Firstpost  

Ola’s first electric car, which is supposed to debut in 2024, will be a premium offering. Ola Electric plans to launch its first electric car for India in the summer of 2024, according to CEO Bhavish Aggarwal. Amid the myriad of challenges, Aggarwal has pushed his electric car dream ahead, saying India needs to become the global epicentre of the …

Ola Electric to launch its 1st electric car in 2024; CEO reveals features
2 years, 7 months ago

Ola Electric to launch its 1st electric car in 2024; CEO reveals features

Hindustan Times  

Ola Electric will launch its first electric car in 2024 with the chief executive officer Bhavish Aggarwal saying this is the most ambitious car project ever undertaken in India. Bhavish Aggarwal said the Ola Electric Car will be keyless and handless. The company has touted the Ola Electric Car to be the ‘sportiest ever’ car in the country. In the …

The Journey of Ola Electric: How a Start-up Became a Leader in India's Electric Revolution
2 years, 7 months ago

The Journey of Ola Electric: How a Start-up Became a Leader in India's Electric Revolution

News 18  

As India celebrates its 75th Independence Day, there’s a lot to cherish that has happened during this time. A key player in this transformation has been Bhavish Aggarwal-led Ola Electric and on the 74th Independence Day of India, which is during the same time as now but last year, the company presented its first ever electric scooter to the world …

Discover Related