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Tag: ola electric
Ola Electric Posts Q2 Results As Net Loss Narrows to ₹495 Crore, Revenue Surges 39%-thumnail

Ola Electric Posts Q2 Results As Net Loss Narrows to ₹495 Crore, Revenue Surges 39%

Ola Electric filed its earnings results for the September quarter of FY25 reporting net loss of ₹495 crore. According to the report, this is said to be narrower than what

Business

Nov 8, 2024

MapMyIndia Accuses Ola Electric Of Data Copying, Issues Legal Notice-thumnail

MapMyIndia Accuses Ola Electric Of Data Copying, Issues Legal Notice

The parent company of MapMyIndia, CE Info Systems, has now sent a legal notice to Ola Electric, alleging that it has copied data without consent. This follows Ola Electric having

Business

Jul 29, 2024

Ola Electric, Which Is Preparing for an IPO, Intends to Cut 400-500 Jobs in Order to Streamline Operations-thumnail

Ola Electric, Which Is Preparing for an IPO, Intends to Cut 400-500 Jobs in Order to Streamline Operations

Bhavish Aggarwal, the founder, is concentrating more on controlling operating expenses in advance of an IPO. The ultimate number of layoffs at Ola Electric may yet alter because the leadership

Business

Jun 3, 2024

Ankush Aggarwal, CBO of Ola Electric, has joined Ola Financial Services as its CEO.-thumnail

Ankush Aggarwal, CBO of Ola Electric, has joined Ola Financial Services as its CEO.

Aggarwal is a member of the senior leadership team, which is internally referred to as the ‘CXO team’. Aggarwal is expected to take on several tasks within Ola Cabs, similar

Business

May 14, 2024

According to Bhavish Aggarwal, Ola Scooters Would Last Twice as Long as Petrol Scooters and Come With an Eight-Year Warranty-thumnail

According to Bhavish Aggarwal, Ola Scooters Would Last Twice as Long as Petrol Scooters and Come With an Eight-Year Warranty

India’s first-ever electric vehicle (EV) manufacturer, Ola Electric, has introduced the S1X (4kWh) scooter. The scooter, which costs ₹1,09,999, has a 6kW motor and can travel 190 miles on a

Business

Feb 2, 2024

Ola Electric lost two key executives, and two more are expected to follow-thumnail

Ola Electric lost two key executives, and two more are expected to follow

Two senior Ola Electric officials have resigned from their positions as the company’s head of strategy & planning and head of partnerships & corporate affairs, according to persons with knowledge

Automation

Aug 5, 2023

Ola Electric Plans IPO, Aims to Raise $600M to $1B by year end; CEO starts lobbying-thumnail

Ola Electric Plans IPO, Aims to Raise $600M to $1B by year end; CEO starts lobbying

Ola Electric, an Indian electric vehicle manufacturer, intends to launch an initial public offering (IPO) in late 2023, aiming to raise $600 million to $1 billion. CEO Bhavish Aggarwal will

News

Jun 10, 2023

Ola Electric to invest INR 7,600 Cr in TN for EV and cell factories-thumnail

Ola Electric to invest INR 7,600 Cr in TN for EV and cell factories

Ola Electric, a company led by Bhavish Aggrawal, has announced plans to invest slightly more than INR 7,600 Crores in the next five years to establish manufacturing plants in Tamil

Automotive

Feb 20, 2023

RIL, Ola Electric, and Rajesh Exports to start producing batteries under PLI program-thumnail

RIL, Ola Electric, and Rajesh Exports to start producing batteries under PLI program

The Government has approved the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving a manufacturing capacity of Fifty (50) Giga Watt Hour

Industry

Jul 29, 2022

5 EV Companies Driving India Towards a Greener Future -thumnail

5 EV Companies Driving India Towards a Greener Future 

Climate change is real and so is the need to reverse it. This is not new to any of us. And I know we all want to make a difference.

News

Jul 14, 2022

Ola Electric recalled over 1,400 scooters amid chaos -thumnail

Ola Electric recalled over 1,400 scooters amid chaos 

Nitin Gadkari had asked EV manufacturers to take “advance action” to recall all defective batches of vehicles immediately. Ola Electric has announced the recall of over 1,400 of its electric

News

Apr 25, 2022

Ola CEO Bhavish Aggarwal to devote more time to engineering and product development, while GR Arun Kumar will oversee operations-thumnail

Ola CEO Bhavish Aggarwal to devote more time to engineering and product development, while GR Arun Kumar will oversee operations

Ola was last valued at $7.3 billion after raising $139 million in a Series J financing. Bhavish Aggarwal, the founder, and CEO of Ola will take a step back from

Industry

Apr 12, 2022


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