Page 16 - Ola Electric Mobility

Ola Electric clocks highest registration of 30,000 scooters in Nov

Company says it leads market with 35%, expects to continue its position

Tesla on two wheels? India's Ola Electric feels the strains of success

Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years

Auto major TVS Motor introduces NEO AMI 125 scooter in African market

The company has business in more than 80 countries which include geographies of Asia, Africa, and Latin America. Last week, the company announced its entry into the European market as well

Japanese investment giant SoftBank may partially exit Ola, Swiggy, FirstCry

Investment giant hopes to rake in handsome returns

SoftBank's Vision Fund hikes valuation of Swiggy, Ola Electric, FirstCry

SoftBank's Vision Fund is also increasing its focus on companies which can benefit from the artificial intelligence revolution

Full charge ahead: Kerala becomes the new electric two-wheeler hub

Reasons include customer awareness and government incentives

e2W registration: Share of top 4 races to 90% in Oct from 72% in January

In June, e2W registrations declined to 44,000 as companies increased the prices of their models

Ola, Uber, Porter worst digital platforms for gig workers in India: Report

While Ola and tech-enabled logistics company Porter scored zero on a scale of 1-10, Uber and Dunzo received only one point, according to the 'Fairwork India 2023' report,

Ola Electric in 'giga' drive: Rs 3,200 crore to fund its EV business

The funds raised are expected to create an interim event and pave the way for an initial public offering (IPO), which may be in the range of $800 million to $1 billion

In a 1st, Ola Electric rides on festivals to log 200K registrations in a CY

Confirming the milestone, Ola's chief marketing officer, Anshul Khandelwal, said it was a remarkable achievement and in record time

Ola Electric raises Rs 3,200 cr from investors, SBI to fund EV biz

Ola Electric on Thursday said it has raised Rs 3,200 crore from Temasek-led investors and State Bank of India. The company announced the successful closure of the funding round from Temasek-led investors and State Bank of India. The funds raised would be utilised towards expansion of Ola's EV business and setting up India's first lithium-ion cell manufacturing facility at Krishnagiri, Tamil Nadu, the company said in a statement. The Bengaluru-based firm aims to accelerate its growth by ramping up its two-wheeler manufacturing capacity, launching electric motorcycles followed by electric cars and fast-tracking the construction of gigafactory, it added. "At Ola, our vision is to end ICE (internal combustion engine) age in automobiles and our upcoming gigafactory will be a big leap in India's journey towards becoming a global EV hub. We are committed towards developing core technologies in EVs and cell and are rapidly scaling up manufacturing to further accelerate the transition to ..

Ola Electric to Ather Energy: EV players 'fully refund' wrongful claims

Though the defaulter companies have repaid the Rs 312.42 crore in full, only Rs 183.15 crore has actually reached the customers, the Ministry of Heavy Industries data show

Ather Energy planning to set up new manufacturing plant to expand capacity

Apart from this, Ather Energy is also looking at the possibility of expanding to the global markets

Ola launches all-electric on-demand parcel delivery service in Bengaluru

The Ola Parcel service will be available across Bengaluru at prices which will be as low as Rs 25 for 5 km, Rs 50 for 10 km, Rs 75 for 15 km, and Rs 100 for 20 km

Two-wheeler majors TVS, Bajaj Auto close the gap with startups in EV game

Bajaj Auto has virtually closed the gap with Ather Energy in September, notching up 6423 EV registrations compared to 6466 registrations by Ather as on Thursday

Indian startup funding hits 5-year low in Q3 2023 at $1.5 bn: Tracxn

The quarter saw five funding rounds cross the $100 million mark, including the likes of Perfios, Zepto, Ola Electric, Ather Energy and Zyber 365

Tamil Nadu firms shine in India's 1 mn EV sales; contribute over 40%

State expects investments worth Rs 50,000 cr in EV manufacturing by 2025

Ola's Bhavish has thrown his might behind e-motorcycles: How serious is he?

Not surprisingly, Aggarwal's rivals are less than charitable towards him and, though they won't come on record while saying this, dismiss Aggarwal's e-motorcycles as "another of his teaser campaigns"

Temasek leads $140 mn Ola Electric funding at $5.4 bn valuation: Report

Ola Electric, founded by Bhavish Aggarwal and backed by Japan's SoftBank Group, has become India's e-scooter market leader with a 32% share

Reliance General Insurance, OLA Electric to enhance 2W customer experience

Under this alliance, both companies will aim to transform the total ownership of OLA customers