Page 17 - Ola Electric Mobility
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
 "Two-wheeler majors TVS, Bajaj Auto close the gap with startups in EV game")
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
 "Indian startup funding hits 5-year low in Q3 2023 at $1.5 bn: Tracxn")
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
 "Tamil Nadu firms shine in India's 1 mn EV sales; contribute over 40%")
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"
 "Ola's Bhavish has thrown his might behind e-motorcycles: How serious is he?")
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
 "Temasek leads $140 mn Ola Electric funding at $5.4 bn valuation: Report")
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
 "Reliance General Insurance, OLA Electric to enhance 2W customer experience")
Govt tells Ola, Hero Moto, TVS, Ather to pay customers Rs 278 cr by Nov
Move underscores Centre's resolve to ensure compliance with subsidy norms and protect interests of consumers
 "Govt tells Ola, Hero Moto, TVS, Ather to pay customers Rs 278 cr by Nov")
Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review
Business Standard brings you the top headlines at this hour
 "Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review")
Ola to offer e-bikes, cheap e-scooters to phase out petrol two-wheelers
Ola is building what it's touting as the world's largest electric vehicle hub to churn out battery-powered two-wheelers, cars and EV cells, in addition to housing vendor and supplier facilities
 "Ola to offer e-bikes, cheap e-scooters to phase out petrol two-wheelers")
ReadyAssist, Ampere collaborate for full-stack after-sales, service support
The partnership will ensure smooth operations and minimal downtime for vehicles, along with improving the customer experience
 "ReadyAssist, Ampere collaborate for full-stack after-sales, service support")
E-scooter maker Ola Electric targeting $1.5 billion sales this year
The government has said it wants electric variants to account for 70% of two-wheeler sales - which also include motorcycles - by 2030, a huge jump from 14% currently
Ola Electric founder Bhavish advances plan for IPO as e-scooters take off
The company, whose backers include SoftBank Group Corp. and Tiger Global Management, has become leader in India's electric-scooter market with a 38% share
Tamil Nadu may attract 35% of all EV investments in India till 2030
State sees Rs 43,000 crore investment in two years; Hyundai, Ola, Ather among major players
 "Tamil Nadu may attract 35% of all EV investments in India till 2030")
FAME subsidy cut, subsequent price hike take e-scooter sales down 61% MoM
The dip in sales has come after electric two-wheeler manufacturers hiked the prices of their products by 15-18 per cent
Riding your 2-wheeler without a helmet? Ola's upcoming tech won't allow it
Ola is not the only company making advances in this technology. TVS also recently announced that it was working to build a camera-based helmet reminder system
iPhone maker Foxconn to start making electric vehicles in India: Report
The company is keen on setting up its plant in Maharashtra but due to some challenges, it may consider Tamil Nadu as its auto manufacturing hub
 "iPhone maker Foxconn to start making electric vehicles in India: Report")
Chandigarh to stop registration of non-electric two-wheelers by July
The policy is part of the Chandigarh administration's plan to reduce pollution and move towards green mobility
 "Chandigarh to stop registration of non-electric two-wheelers by July")
Climate tech push: EV start-ups set to power India's next unicorn club
Corner a hefty chunk of investments despite ongoing funding winter; at present, Ola is the only unicorn among 970 homegrown enterprises in the EV space
 "Climate tech push: EV start-ups set to power India's next unicorn club")
Ola announces price hikes for its electric scooters, to cost Rs 15k more
The reduction in subsidies is expected to trigger a wave of price hikes in electric scooter prices across the industry
Ola Electric gears up for India's largest automotive IPO by early 2024
Ola Electric founder Bhavish Aggarwal owns about 40% stake in the firm at present