Page 5 - Ola Electric Mobility

Ola launches zero-commission model pan-India, drivers to keep full earnings

Ride-hailing platform Ola on Tuesday said it has implemented a zero per cent commission model nationwide, enabling over a million driver partners to fully retain their fare earnings with no ride or income limits. As part of the initiative, drivers can choose their plan and keep the entire fare, with no deductions or limits, the company said in a statement. This rollout, now active pan-India, covers autos, bikes, and cabs, and offers unlimited earning potential for driver partners, it added. "The launch of zero per cent commission model pan India marks a fundamental shift in the ride-hailing businesses. Removing commissions empowers driver partners with much more ownership and opportunity," an Ola Consumer spokesperson said. Asserting that the driver partners are the backbone of the mobility ecosystem, the spokesperson said, "giving them complete control of their earnings will help in creating a more resilient and sustainable ride-hailing network across the country". Ola said its s

Bhavish Aggarwal's Krutrim bets on India-first AI to rival global peers

Kruti, Krutrim's new AI assistant, focuses on multilingual voice-first design and India-specific service integration to stand out in the fast-growing AI assistant market

Free run to bumpy ride: Ola Electric faces challenges on road to future

Unlike services, Ola's foray into product manufacturing comes with a different set of expectations

Ola Electric's Bhavish Aggarwal topped up collateral as shares tumbled

Aggarwal had raised ₹2.5 bn for generative AI venture Krutrim Data Center Pvt. by pledging Ola Electric equity and he voluntarily put in the extra money since March as the shares dipped below ₹50 each

Hyundai exits Ola Electric, Kia trims stake in ₹6.89 bn EV sell-off

Hyundai and Kia divest stakes in Ola Electric amid stock decline, sector challenges and rising uncertainty from US tariff actions

Ola Electric Mobility, YES Bank shares fall up to 7% after huge block deals

Till 09:26 AM; a combined 1,144 million equity shares representing 3.6% YES Bank and 183.31 million equity shares or 4.2% of total equity capital of Ola Electric changed hands on the NSE and BSE.

Ola Electric shares dip over 4% after Q4 loss widens and revenue fall

Shares of Ola Electric on Friday ended over 4 per cent lower after the firm reported a consolidated net loss of Rs 870 crore in the fourth quarter ended March 31, 2025. The stock dropped 4.26 per cent to settle at Rs 50.97 on the BSE. During the day, it tanked 9.71 per cent to Rs 48.07. At the NSE, shares of the firm ended at Rs 50.85, down 4.48 per cent. During the day, it tumbled 9.72 per cent to Rs 48.06. Ola Electric on Thursday reported a consolidated net loss of Rs 870 crore in the fourth quarter ended March 2025, while noting that it is targeting profitability in the current fiscal. The company had reported a net loss of Rs 416 crore in the January-March quarter of 2023-24. The revenue from operations declined to Rs 611 crore compared to Rs 1,598 crore in the year-ago period, Ola Electric said in a regulatory filing. For FY25, the company reported a net loss of Rs 2,276 crore against Rs 1,584 crore in 2023-24. Its revenue from operations declined to Rs 4,514 crore against

Ola Electric share price slumps 10% in trade after Q4 loss widens YoY

Ola Electric shares slipped 9.7 per cent in trade after its fourth quarter loss widened and revenue declined 62 per cent

Ola Electric Q4 results: Loss widens to ₹870 crore, revenue declines 59%

The revenue from operations declined 59.5 per cent to ₹611 crore in Q4FY25, the company had reported the same as ₹1,598 crore in the corresponding quarter last year

Ola Electric up 7% as board approves ₹1700-cr fundraise via NCDs and others

Ola Electric Mobility share price gains 7 per cent after board gave a nod to raising ₹1700 crore via NCDs and other other debt instruments

Ola Electric begins deliveries of Roadster X electric motorcycles

Ola Electric on Friday said it has commenced deliveries of its Roadster X portfolio of motorcycles, along with offers worth Rs 10,000 for the first 5,000 customers. The prices of the Roadster X series start at Rs 99,999 for the 2.5kWh variant, Rs 1,09,999 for the 3.5kWh variant, and Rs 1,24,999 for the 4.5kWh model, the company said in a statement. Roadster X+ 4.5kWh is priced at Rs 1,29,999, while the Roadster X+ 9.1kWh (with 4680 Bharat Cell) that has a range of 501 km/charge, is priced at Rs 1,99,999, it added. "The Roadster X is a bold leap, marking our entry into the motorcycling segment. The Roadster X is designed, engineered, and built in India, for a generation that wants to ride the bike of the future," Ola Electric Chairman and MD, Bhavish Aggarwal, said. With deliveries starting today, the Roadster X would unlock the true potential of EVs in the two-wheeler category, accelerating EV adoption and penetration, he added. Ola Electric said the first 5,000 customers will g

ACC PLI beneficiary companies seek extension; govt may consider it

Firms cite equipment delays from China for missing ACC PLI milestones; govt mulls extension request, penalties imposed for breaching December 2024 deadline

Softbank reports 1st profit in 4-yrs; India bets Ola, Swiggy weigh on SVF2

SoftBank posts ¥1.15 trillion FY25 profit but reports ¥561.7 bn loss in SVF2 due to share declines in Indian bets Ola and Swiggy, which fell nearly 40 per cent

Ather Energy to foray into 125-300cc-equivalent electric motorcycles space

The company has also received ARAI clearance to use LFP batteries which will be used in its two wheelers - which Mehta says will help in reducing costs further

Ola brand IP may shift to Bhavish Aggarwal's family office amid restructure

Ola brand IP is currently owned by ANI Technologies, which handles Ola's ride-hailing operations, and is licensed to Ola Electric

Ola again makes it to top spot in sales in April; e2W market share at 22.4%

The impact of the government subsidy on escooters, which has been halved to ₹5,000 from April 1, is clearly taking its toll on overall sales of e2Ws

Discounts and deals for Akshaya Tritiya: Gold, homes, scooters, travel

Real estate, ecommerce, travel companies woo customers on auspicious festival

Ather's valuation set to drop 44% ahead of IPO amid global market turmoil

India was the world's second-largest market by IPO proceeds in 2024 but listings are down 15% this year, data compiled by LSEG showed

Ola's AI arm Krutrim cuts fundraising target by $200 mn amid low interest

Bhavish Aggarwal's AI venture Krutrim has reduced fundraising target from $500 million to $300 million, as broader investor interest appears to be tepid

Ola Electric rolls out first Roadster X bike from Tamil Nadu plant

Ola Electric Mobility on Friday said it has rolled out the first Roadster X motorcycle from its Futurefactory in Krishnagiri, Tamil Nadu. The electric bike is set to hit the road this month. "The Roadster X series represents our commitment to taking the EV revolution to the next level. Today's rollout celebrates not just a new product, but a new era for us and the industry, as it represents the next phase of revolution in electric mobility," Ola Electric Chairman and MD Bhavish Aggarwal said in a statement. The Roadster X Series comes with a mid-drive motor that boosts performance and safety. Its also features a chain drive and an integrated MCU for efficient torque transfer, providing better acceleration, and improved range. The Roadster X series also features flat cables in the motorcycles -- an industry-first innovation. These cables improve packaging efficiency, reduce weight, and enhance thermal performance, improving overall durability and reliability. The Roadster X serie