Page 23 - Ola Electric Mobility

Bhavish Aggarwal-led Ola Electric valuation tops $5 bn with $200 mn funding

Last October, Ola Electric raised over $200 million, tripling its valuation to $3 billion

Ola Electric raises $200 mn in funding at a valuation of $5 billion

In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others that had valued the company at $3 billion

Ola Electric to open final payment window for scooter buyers on Jan 21

Ola Electric will open the final payment window on January 21 for all the customers who have already paid Rs 20,000 for its electric scooters, Ola Chairman and Group Executive Officer Bhavish Aggarwal said on Friday. The company, which had last month stated that it has dispatched its electric scooters to all who have purchased in the previous round, will dispatch for the latest purchase during this month and February. Sharing a shot of its electric scooters at the company's factory while extending greetings for Lohri, Sankrati and Pongal, Aggarwal in a tweet said, "Sea of scooters awaits! Final payment window opens Jan 21, 6 pm in Ola App for all customers who've paid (Rs) 20k. We'll dispatch across Jan & Feb." Ola Electric, which had in August last year made a foray into the green mobility space with the launch of its electric scooters, S1 and S1 Pro priced at Rs 99,999 and Rs 1,29,999, respectively, had postponed delivery timelines for its much-anticipated products citing the ...

Why VCs are backing newer EV start-ups despite the OATS phenomenon

Early-stage funding in the segment rose almost three times to $74 million in 2021 compared to the previous year

All Ola S1, S1 Pro electric scooters from first batch dispatched: CEO

After facing a long wait owing to production-related delays caused by global chip shortage, Ola Electric revealed that it has dispatched all units of its S1 and S1 Pro electric scooters to customers

Ola Electric begins rollout of charging points for its EVs across India

Ola Electric has built its Futurefactory. At full capacity of 10 million vehicles annually, it would be the world's largest two-wheeler factory and would handle 15 per cent of the world capacity

Ola's dream of biggest e-scooter factory hits hurdle amid dearth of chips

Mass production of Ola e-scooters is likely to be pushed back until at least January

Ola raises $500-mn term loan, in talks to raise $1 bn at $7.5-bn valuation

IPO-bound firm is likely to use the loan to fuel its vision for future of mobility across businesses including ride-hailing, vehicle commerce, delivery with foods, quick commerce & financial services

Ola delivers S1 scooters to its first 100 customers in Chennai, Bengaluru

The company said it organised special events in Bangalore and Chennai on Wednesday to deliver both S1 and S1 Pro trims to the first 100 customers

Ola has received 1 million reservations for its electric scooter: Aggarwal

Indian ride-hailing company Ola has received 1 million reservations for its electric scooter, Chief Executive Officer Bhavish Aggarwal said on Thursday

Covid LIVE: India's cumulative vaccination coverage crosses 1.17 bn-mark

Over 6.3 mn vaccine doses administered on Monday till 7 pm

Chip shortage: Ola electric scooter deliveries delayed up to one month

Schedule pushed back by two to four weeks after a meeting between its factory team and suppliers.

Ola rolls out test rides for its electric scooters across India

Test rides to be available across 1,000+ cities and towns acros India

Ola Electric expands test rides of e-scooters across India

With this expansion, customers in over 1,000 cities and towns will be able to test ride and experience the Ola S1 electric scooter

Ola's electric scooter is a handful and bound to inspire competition

Gender- and age-agnostic, the e-scooter is fast and powerful

Ola Electric manufactures 9 customised scooters for Netherlands embassy

Ola Electric on Wednesday said it is manufacturing nine customised Ola S1 Pro scooters for the Embassy of The Netherlands on a special order. The scooters will be used across the three diplomatic missions of The Netherlands in India and will come painted in the custom orange shade, the official colour of The Netherlands, and will also sport the official logo of country. The units will be delivered to the embassy in New Delhi, and to the Consulates General in Mumbai and Bengaluru, once Ola begins customer deliveries in the coming weeks. "We are excited to build these custom scooters for the embassy of The Netherlands and are proud that they have joined our Mission Electric, which is to ensure that no petrol two-wheelers are sold in India after 2025, Ola Founder and CEO Bhavish Aggarwal said in a statement. In the future, the company would be looking at providing custom paint finishes to customers as well so they can make their Ola S1 uniquely theirs, he added. Ola Electric aims to

Electric models to help scooters close gap with mobikes: Experts

Ola Electric projects that electric scooters will dramatically push penetration of two-wheelers up nearly threefold

Ola Cars sells over 1,000 cars over the weekend leading up to Dhanteras

As part of festive offer, Ola said customers can avail of discounts of up to Rs 1 lakh, as well as several industry-first offers like free servicing for up to 2 years, 12-month warranty

Ola Electric is raising another $200 mn at over $5 bn valuation: Sources

On September 30, Ola had announced raising over $200 mn in funding from Falcon Edge, SoftBank and others, valuing it at $3 bn

Top headlines: NCLT gives Zee Oct 3 deadline; Ola Electric raises $200 mn

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