Page 7 - Ola Electric Mobility

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

Ola Electric ropes in EY to strengthen regional compliance amid expansion

Ola Electric Mobility has roped in Ernst & Young to strengthen regional compliances across its recently expanded distribution network in the country, according to sources familiar with the development. The company has initiated the move as it phases out its warehouse-based distribution system and transitions to a direct-to-store retail model. As part of this transition, Ola Electric is eliminating the intermediate warehousing layer, allowing vehicles, spare parts, and accessories to be shipped directly from the factory to stores, sources said. This shift is expected to significantly improve inventory turnover, reduce delivery time, and streamline the overall customer experience. EY will support Ola in ensuring regional compliance readiness for its growing retail footprint, the sources stated. While the specifics of EY's mandate remain under wraps, the firm is expected to play a role in standardising processes and accelerating execution across certain regional markets. Ola Electri

Nearly 90% of orders in February sales fully paid, says Ola Electric

The clarification follows reports claiming Ola included bookings for yet-to-be-launched vehicles in its Feb sales data, potentially inflating market share amid efforts to regain investor confidence

Feb sales show genuine customer demand, not token bookings: Ola Electric

Ola Electric Mobility on Tuesday clarified that its February sales represent genuine customer demand and not "token-amount bookings". The February 2025 sales announcement was based on paid and confirmed orders, not preliminary "bookings", the Bengaluru-based company said in a regulatory filing. Nearly 90 per cent of these orders were paid in full at the time of placement, Ola Electric said. This includes customer orders for the new products, Gen 3 and Roadster X, which have been available for full purchase (not just pre-booking) during February 2025, it stated. "We are issuing a proactive statement to our broader stakeholder community since we have fielded multiple inquiries about the company's February sales figures in recent days," Ola Electric said. It is essential to underscore that vehicle deliveries are sequenced to follow confirmed orders with full payment, a standard and universally-accepted industry practice, it said. Any attempt to conflate bookings with full-payment or

Ola Electric commences hyper delivery with same-day vehicle registration

Ola Electric on Thursday said it has commenced an initiative for same-day registration and delivery of vehicles. Pilot of #HyperDelivery has started in Bangalore, and would gradually be scaled up across India during this quarter in a phased manner, the Bengaluru-based firm said in a statement. Customers can now complete their purchase online or at an Ola Electric Store and ride home on their fully registered vehicles in just hours, it added. "We have significantly cut the processing time of registering the vehicles through AI-led automation and by moving the registration process completely in-house. "With this we are ensuring a much smoother purchase experience for our customers, eliminating tedious purchase processes and longer delivery timelines," an Ola Electric spokesperson said.

Stocks to Watch on Apr 2, 2025: CSB Bank, Zomato, Swiggy, auto stocks, MTNL

Stocks to Watch on Apr 2, 2025: Zomato, Swiggy, auto stocks, and others will remain in focus today

Ola Electric registers 23,430 units in March, showing strong demand

Ola Electric on Tuesday said it registered 23,430 units in March this year, as per the VAHAN portal, reflecting strong demand across urban and rural markets. The shift to in-house vehicle registrations in February led to temporary disruptions. While the transition continues, daily registration volumes and backlog clearance are steadily improving, the company said in a statement. "We have nearly cleared the February backlog and expect to complete the remaining February-March registrations in April 2025," it said, adding the company is scaling up its registration operations and actively coordinating with all external stakeholders to support the exercise. Ola Electric said it has also started deliveries of its Gen 3 portfolio in March 2025 and has ramped up production in March and will continue ramping it up further in April for faster deliveries and better customer experience.

Bajaj Auto e2Ws on full charge in FY25; Ola Electric's lead flickers

Ola Electric has attributed part of its struggle to an ongoing dispute with a vendor responsible for facilitating registrations, arguing that its actual sales figures are higher

Highlights: More than 114 detained in connection to Nagpur violence so far

Latest news updates: Catch all the live news updates from around the world here

Ola Electric falls 6% from day's high; Rosmerta withdraws insolvency plea

Ola Electric share price is down 64.5 per cent (as of Monday closing) from its all-time high of ₹157.3 per share