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Ola Electric

Ola Electric to Cut 500 Jobs Amid Rising Losses, Restructuring Plans: Report

Ola Electric to Cut 500 Jobs Amid Rising Losses, Restructuring Plans: Report

Fri, Nov 22, 2024

The electric two-wheeler company also saw its revenue slump 26.1 per cent to Rs 1,214 crore (on-quarter) from Rs 1,644 crore in the first quarter of this fiscal. The net loss, however, narrowed on a year-on-year basis.

Ola faces regulatory heat; CCPA prepares notices for other EV players

Ola faces regulatory heat; CCPA prepares notices for other EV players

Mon, Nov 18, 2024

Following complaints filed with the National Consumer Helpline (NCH), the CCPA is set to send notices to multiple EV manufacturers, urging them to address concerns related to their products and services.

Ola Electric Investigation by CCPA

Ola Electric Investigation by CCPA

Fri, Nov 15, 2024

Ola Electric is under investigation by the Central Consumer Protection Authority (CCPA) for consumer complaints. The investigation comes after several reports of issues related to their products and services. CCPA will review the complaints to determine if Ola Electric has violated consumer rights.

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Ola CEO's brother Ankush Aggarwal returns to company's ride-hailing business: Reports

Ola CEO's brother Ankush Aggarwal returns to company's ride-hailing business: Reports

Tue, May 14, 2024

In 2022, Ankush Aggarwal sold his startup Avail Finance to ANI Technologies (the parent company of Ola) for about $50 million in a share swap deal. After that, he joined Ola Electric as the chief business officer (CBO).

Ola Electric expands network with 500th service centre launch in Kochi

Ola Electric expands network with 500th service centre launch in Kochi

Tue, Apr 23, 2024

Ola Electric recently ventured into the sub-Rs 80,000 scooter segment, introducing new pricing for its S1 X portfolio. All details inside.

Pavna Industries forays into EV segment; to supply auto components to OLA Electric

Pavna Industries forays into EV segment; to supply auto components to OLA Electric

Mon, Apr 22, 2024

As part of the pact, it will provide auto components like ignition switches and latches to OLA Electric across its manufacturing plants in India.

EV Price cut: Ola Electric reduces price of S1 X e-scooter, making EVs more accessible

EV Price cut: Ola Electric reduces price of S1 X e-scooter, making EVs more accessible

Mon, Apr 15, 2024

The S1 X equipped with a 4kWh battery will now be priced at Rs 99,999, down from the previous Rs 1,09,999. Similarly, the S1 X with a 3kWh battery sees a reduction to Rs 84,999 from Rs 89,999. Additionally, the introductory price for the S1 X with a 2kWh battery now stands at Rs 69,999, down from Rs 79,999.

Ola Electric ends FY24 with record 115% growth

Ola Electric ends FY24 with record 115% growth

Mon, Apr 01, 2024

With the launch of S1 X (4kWh), Ola Electric expanded its portfolio to six products (S1 Pro, S1 Air, S1 X+, S1 X - 2 kWh, 3kWh, 4kWh), ranging across different price points and catering to customers with different range requirements.

Ola Electric considers bid for lithium mining rights in a move to boost EV battery manufacturing plans: Reports

Ola Electric considers bid for lithium mining rights in a move to boost EV battery manufacturing plans: Reports

Wed, Feb 07, 2024

As part of plans to secure supplies of minerals such as lithium - a raw material used to make electric vehicle batteries - Prime Minister Narendra Modi's government late last year launched the first part of its critical minerals auctions.

Ola cuts losses by nearly 50% in FY23; logs Rs 2,800 crore in revenue

Ola cuts losses by nearly 50% in FY23; logs Rs 2,800 crore in revenue

Wed, Jan 10, 2024

Ola's consolidated operating revenue went up to Rs 1,970 crore from Rs 983.2 crore from the year before, showing a sharp recovery from the pandemic that had disrupted the mobility business globally.

Ola Electric files DRHP with SEBI, aims to raise Rs 5,500 crore via IPO: Report

Ola Electric files DRHP with SEBI, aims to raise Rs 5,500 crore via IPO: Report

Sat, Dec 23, 2023

The company started sales in December 2021 and has sold over 3,53,000 units to date.

Ola Electric reports total revenue of Rs 2,782 crore in FY23

Ola Electric reports total revenue of Rs 2,782 crore in FY23

Mon, Dec 11, 2023

Ola Electric on Monday said its total revenue grew over six-fold year on year to Rs 2,782 crore in 2022-23.

Ola Electric raises Rs 3,200 crore to fund EV business

Ola Electric raises Rs 3,200 crore to fund EV business

Thu, Oct 26, 2023

The company announced the successful closure of the funding round from Temasek-led investors and State Bank of India.

A look at this week's startup deals: Ola, TrustCheckr CRED, Dunzo, OpenAI, DeHaat, WinZO in news

A look at this week's startup deals: Ola, TrustCheckr CRED, Dunzo, OpenAI, DeHaat, WinZO in news

Sat, Oct 07, 2023

ZeeBiz.com has curated a list of top deals this week featuring CRED, Dunzo, OpenAI, DeHaat, WinZO among others.

Ather Energy, Ola Electric see lukewarm response from investors: Report

Ather Energy, Ola Electric see lukewarm response from investors: Report

Sat, Oct 07, 2023

IPO-bound Ola Electric posted a net loss of Rs 784.1 crore in the financial year FY22, a four times jump from Rs 199.2 crore in FY21.

Electric Two-Wheeler Sales Surges! Which Company Sold Most? Know Here

Electric Two-Wheeler Sales Surges! Which Company Sold Most? Know Here

Fri, Sep 29, 2023

Sales of electric two-wheelers increased. How much sales of which company? Whose electric two-wheelers sold more?

Tamil Nadu accounts for sale of 4 lakh EVs in country between January-September 2023

Tamil Nadu accounts for sale of 4 lakh EVs in country between January-September 2023

Mon, Sep 25, 2023

Electric vehicle makers that contributed to the sales in Tamil Nadu (between January and September) include -- Ola Electric with 1,75,608 lakh units, followed by TVS Motor at 1,12,949 lakh units.

Ola Electric IPO: India's e-scooter giant to raise $700 million

Ola Electric IPO: India's e-scooter giant to raise $700 million

Thu, Sep 21, 2023

India's leading electric scooter maker, Ola Electric, is planning to file for an IPO before the end of October. The company aims to raise up to $700 million through the IPO, which is expected to be one of the biggest IPOs in India in recent years.

Ola Electric launches entry level e-scooter at introductory price of Rs 79,999

Ola Electric launches entry level e-scooter at introductory price of Rs 79,999

Wed, Aug 16, 2023

The new S1X comes in three variants, S1X (with 2kwh battery), S1X with 3kwh battery and S1X+ also with 3kwh battery

OLA's cheapest electric scooter! Know Ola S1X launched in how many variants?

OLA's cheapest electric scooter! Know Ola S1X launched in how many variants?

Wed, Aug 16, 2023

OLA's cheapest electric scooter, Ola S1X launched in how many variants? How powerful is the Ola S1X scooter? How much does the Ola S1X scooter cost?

Ola Electric eyes higher sales with affordable e-scooters

Ola Electric eyes higher sales with affordable e-scooters

Tue, Aug 15, 2023

The government wants this to grow to 70 per cent by 2030 and is offering incentives to boost sales.

Leaked Images of upcoming Ola EV elicit strong reaction from Bhavish Aggarwal, demands apology

Leaked Images of upcoming Ola EV elicit strong reaction from Bhavish Aggarwal, demands apology

Tue, Aug 08, 2023

Confidential images depicting Ola Electric's soon-to-be-released e-scooters, scheduled for launch on August 15, have reportedly surfaced, leading CEO Bhavish Aggarwal to request an apology from the individual responsible for the leak. Aggarwal also indicated that in the future, the electric vehicle company might reconsider sharing their products with journalists prior to the official launch.

Ola Electric considers early IPO as electric scooter sales soar

Ola Electric considers early IPO as electric scooter sales soar

Mon, Jul 17, 2023

Ola Electric, India's top electric scooter company with a 38% market share, is considering an IPO sooner than expected due to its remarkable growth. With over 239,000 scooters sold and plans for new products, Ola Electric is disrupting the EV market.

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