Page 4 - Ola Electric Mobility

Engineer suicide: Karnataka HC asks Ola Electric CEO to cooperate in probe

The Karnataka High Court has directed Bhavish Aggarwal, CEO & MD of Ola Electric Technologies Private Limited, and Subrat Kumar DasHead of Homologation Engineering to actively cooperate in an ongoing criminal investigation into the suicide of engineer K Aravind, an employee of the company. Justice Mohammad Nawaz on Wednesday also extended the interim protection granted to them, directing police not to harass the petitioners in the guise of investigation, till November 17. The court was hearing the petition filed by the petitioners challenging the FIR registered against them. The case stems from an FIR filed by Aravind's brother Ashwin Kannan with the Subramanyapura police, alleging abetment to suicide under Section 108 of the BNS Act. The deceased had allegedly left behind a death note alleging workplace harassment and denial of his salary dues and other perks by the petitioners. During the hearing, the petitioners contested the authenticity of the note, arguing it might have been

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Ola Electric moves HC to quash abetment case, terms suicide note false

Ola Electric CEO Bhavish Aggarwal and others seek dismissal of police case filed after an engineer's death; court extends interim relief and asks them to cooperate with probe

Ola Electric gets board nod to raise ₹1,500 crore through securities

The EV maker said its board has approved raising up to Rs 1,500 crore through shares or convertible securities as part of efforts to strengthen its financial position

Here's why Ola Electric Mobility shares declined 4% on Muhurat Day trading

Ola Electric Mobility share price fell 4.16 per cent, hitting an intra-day low of ₹52.65 per share on the NSE.

Ola Electric mourns engineer's death, says 'he never raised any complaints'

Ola Electric added that Aravind never "raised any complaints" about his employment or harassment, and his role did not involve direct interaction with the company's top management

Ola Electric CEO named in police probe after engineer's death in Bengaluru

Police register a case citing abetment of suicide; Ola Electric challenges FIR in Karnataka High Court and denies allegations of workplace harassment

Bhavish Aggarwal, Ola Electric execs booked after employee's suicide

Bengaluru police have booked Ola Electric chief Bhavish Aggarwal and other executives in the suicide case of employee K Aravind, whose family has alleged workplace harassment and withheld dues

Ola Electric shares ride 5% on bourses; here's what is driving the rally

Earlier, on Thursday, October 16, the stock had hit the upper circuit of 5 per cent following the announcement of the launch of Ola शक्ति, its first residential Battery Energy Storage System (BESS)

Ola Electric enters $12 bn energy storage market with home batteries

Company plans to scale battery consumption to 5 GWh for storage systems, potentially exceeding electric vehicle production

Why did Ola Electric share price hit a 5% upper limit today? Find out here

Ola Electric shares rose today following the launch of Ola शक्ति, its first residential Battery Energy Storage System (BESS).

Mobility platform Rapido enters hotel, bus, train, and flight booking space

Rapido partners with Goibibo, ConfirmTkt, and redBus to integrate travel bookings into its app, targeting 100 million new users from Tier-II and Tier-III citieS

Ola Electric shares jump 5% on likely foray into energy storage market

According to a report by PTI, Ola Electric is likely to enter the energy storage market, which is expected to reach over $30 billion by 2030

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Ola Electric likely to foray into India's $30 billion energy storage market

Ola Electric is likely to enter the energy storage market, which is expected to reach over USD 30 billion by 2030, sources said. Ola Electric Chairman and Managing Director Bhavish Aggarwal has hinted at a major announcement on October 17, suggesting the company's entry into the segment. In a tweet, Aggarwal stated that power in India is transitioning "from utility to deep tech - intelligent, portable, and personal", signalling a potential shift beyond the company's core electric vehicle business. Industry sources speculate the announcement could involve Battery Energy Storage Systems (BESS) for homes and businesses, leveraging Ola's existing 4680 Bharat Cell technology from its Tamil Nadu Gigafactory. The timing aligns with growing demand for distributed energy solutions. If Ola is indeed entering the BESS market, the company would benefit from existing infrastructure that reduces traditional entry barriers. Its 5 GWh Gigafactory capacity could be repurposed for storage applicat

Can Ola's rare-earth-free motor power India's self-reliant EV revolution?

By replacing rare-earth magnets with ferrite, Ola aims to make EVs cheaper, locally sourced, and less reliant on Chinese supply chains. But key engineering hurdles remain

Ola Electric's ferrite motor gets nod, cuts rare-earth dependence

India's largest EV maker secures certification for a ferrite motor that removes rare-earth magnets, tackling cost and supply-chain challenges in electric mobility

Ola becomes 1st Indian automaker to get govt nod for in-house ferrite motor

Ola Electric on Monday said it has become the first two-wheeler EV manufacturer to receive government certification for its in-house developed rare-earth-free ferrite motor. This marks a breakthrough milestone that eliminates reliance on imported rare-earth motors with permanent magnets, the Bengaluru-based firm said in a statement. The certification has been granted by Global Automotive Research Centre, Tamil Nadu, after Ola Electric's ferrite motor underwent rigorous performance verification and mandatory motor power tests as per AIS 041, that is notified by the Ministry of Road Transport, Government of India, it added. AIS 041 is an Automotive Industry Standard (AIS) issued by the Automotive Research Association of India under the Ministry of Road Transport and Highways. The tests showed that the company's in-house developed ferrite motor's performance matched that of the motors with rare-earth permanent magnet motors in terms of net power for 7kW and 11 kW variants, it said. T

Ola Electric freezes at 5% upper circuit after 24% fall from September high

Ola Electric up 5% on heavy volumes; till 12:49 PM, a combined 18.36 million equity shares changed hands and there were pending buy orders for 812,000 equity shares on the NSE and BSE.

Ola Electric launches festive Muhurat Mahotsav with scooters from ₹49,999

Ola Electric on Tuesday announced a festive campaign with prices of its S1 scooters and Roadster X motorcycles starting at Rs 49,999 for nine days starting September 23. Under Ola Muhurat Mahotsav, the customers now stand a chance to own Ola's scooters and motorcycles daily at never-before-seen prices, the Bengaluru-based electric two-wheeler maker said in a statement. Under the Muhurat Mahotsav, S1 X 2kWh and Roadster X 2.5kW will be priced at Rs 49,999, and S1 Pro+ 5.2kWh, and Roadster X+ 9.1kWh will be priced at Rs 99,999, it added. Both S1 Pro+ 5.2kWh and Roadster X+ 9.1kWh come with 4680 Bharat Cell battery packs. The company said it will offer limited units of the S1 and Roadster at these prices on a first-come, first-served basis, with Muhurat time-slots being announced on the brand's social media handles each day. "The Muhurat Mahotsav is not just about never-before prices, it's about making world-class EVs accessible to every Indian household, while celebrating our shared