Page 15 - Ola Electric Mobility

Ola Cabs shuts down international ventures, shifts focus to Indian market

The future of mobility is electric - not just in personal mobility but also for the ride-hailing business, and there is immense opportunity for expansion in India, said the statement

India must keep e-scooter subsidies to boost adoption, says Ather CEO

India's e-scooter market is small but growing, accounting for 5% of total two-wheeler sales in fiscal 2023-2024

Setting the pace: Ola Electric sees momentum continuing after record March

Ola's CMO, Anshul Khandelwal, also pointed out that there have been fundamental changes in the buying patterns of customers - for instance, more women are now buying electric vehicles than earlier

Ola plans to launch e-rickshaw by the end of this month and ahead of IPO

Ola is planning to enter the e-rickshaw segment with its new product Raahi which is expected to be released this month. Raahi will compete with Mahindra Treo, Piaggio Ape e-city and Bajaj RE

Vedanta, CIL, Ola among the 50 players bidding for critical mineral blocks

The ministry made the announcement on the day when it launched the second round of auction for the 18 strategic mineral blocks valued at Rs 30 trillion

IPO-bound Ola Electric clocks highest registration of 35,000 units in Feb

In December last year, the company became the first EV 2W manufacturer to record 30,000 registrations in a month

Ola Electric slashes prices of three S1 models by up to Rs 25,000

Besides Ola Electric, several EV players such as Ather, Okaya, and Bajaj have slashed the prices of their products to make electric vehicles more affordable and accelerate their adoption in India

With second PLI certification, IPO-bound Ola Electric eyes 13% subsidy

Ola Electric is the only two-wheeler electric company to receive a nod as incumbents struggle with localization standards

Ola Electric considers bidding for mining rights of lithium blocks

Amid growing energy needs, India is trying to encourage electric vehicle production to cut greenhouse gas emissions and reduce reliance on fossil fuel imports

Discounts fail to fire up electric 2-wheeler sales in January, shows data

Industry unlikely to meet FY24 target of 1 million registrations

Incumbents strike back: How will electric 2W game play out for Ola, others?

There is indeed a lot of the race left. Electric, for all the hype, is just about 15 per cent of the scooter market. So, what is on the cards?

Ola unveils e-bike service in Delhi, Hyderabad; plans 10K EVs across cities

The company plans to deploy 10,000 e-vehicles across Bengaluru, Delhi and Hyderabad over 2 months

Ola's mobility business made profit in FY23: Goal to serve 1 bn Indians

Hemant Bakshi, a former top Unilever executive, to lead Ola Mobility as CEO, with an aggressive growth focus

Electric 2W manufacturer Ather Energy to launch family scooter 'Diesel'

The Ola rival's new scooter is slated to be unveiled in mid-2024

Ola to use Rs 1,226 cr of IPO proceeds on boosting cell manufacturing unit

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. The company, which had filed the draft red herring prospectus (DRHP) last week is also looking to use Rs 1,600 crore from the public fund raising on research and product development, while another Rs 800 crore will be deployed to repay debt. Ola Electric Mobility (OEM) which had on August 15, 2023 announced a line-up of electric motorcycles -- Cruiser, Adventure, Roadster and Diamondhead -- expects to begin delivery of the motorcycles in the first half of fiscal 2026. In its DRHP, the company said the Phase 1 (a) and Phase 1 (b) 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 ar

Bhavish Aggarwal set to offload 3.48% stake as part of Ola Electric's IPO

Ola Electric founder Bhavish Aggarwal will sell 47.4 million shares in the SoftBank-backed firm, contributing almost half of the OFS

Ola Electric to launch IPO, looks to raise Rs 5,500 cr via fresh share sale

The Issue is a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of Rs 10

Govt considering termination of FAME subsidy for electric two-wheelers

Earlier, the finance ministry expressed its concerns about the continuation of the scheme, now, other government departments have also agreed to North Block's views

Ola Electric registers Rs 2,782 crore revenue in FY23, losses down 43%

The Bhavish Aggarwal-led company said that it has set in motion a few initiatives for strong growth and profitability in the near future

Bike-taxi service provider Rapido drives cabs into Uber, Ola lane

Bike-taxi service provider launches new segment with subscription model for driver partners