Page 11 - Ola Electric Vehicles

Ola Electric plans to hire 3K to focus on non-software engineering domains

Ola Electric is cutting 200 jobs, mostly in software development roles, as part of a restructuring exercise while it plans to hire around 3,000 to focus on non-software engineering domains. The company, which sells electric scooters, said it has been increasing its focus on non-software engineering domains "with a clear focus on building engineering and R&D capabilities across - vehicle, cell, battery, manufacturing and automation, autonomous engineering streams and others". With plans to launch its first electric car in 2024, Ola Electric said it is focusing on being a vertically integrated mobility company. "Ola is building on common capabilities and synergies across functions as it strengthens its play across 2Ws (two-wheelers), 4Ws (four-wheelers), cell R&D and manufacturing," the company said in a statement. It further said, "In light of these efforts, the company is centralising operations and is undertaking a restructuring exercise to minimise redundancy and build a ...

Ola does a u-turn: Plans more experience centres to take count to 200

At present the company has 20 experience centres; move is in contrast to company's earlier gameplan to disrupt traditional auto distribution channels by selling directly to customers

SoftBank, others in talks to lead $75-million funding in GoMechanic

"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development

Now, Ola Electric's battery unit head Ashok Saraswat moves on: Report

There is no stopping resignations of senior executives at Ola Electric and now, its head of advanced battery engineering, Ashok Saraswat, quits

Firms rev up plans to build massive battery storage capacity to power EVs

The capacities committed will come from companies eligible for PLI as well as other players; the largest capacity currently from a single company would be 20 GWh

Electric hopes

Policy clarity needed for electric cars

Can Ola CEO pull off his electric car dream amid harsh ground realities?

According to industry experts, Ola needs to move slowly, fix the house first and cater to the new consumers who are afraid of booking electric two-wheelers amid fears.

Ola Electric unveils one of India's 'fastest' cars; 0-100 Km/h in 4 seconds

Ola Electric has laid out its vision to become a vertically integrated electric mobility player across two-wheeler and passenger vehicle segments

'Would never acquire a loss-making business': Ola CEO on merger with Uber

The Covid-19 pandemic has hurt the transportation industry. But Ola said it is one of the most profitable ride-hailing companies in the world with a strong balance sheet

Ola Electric to enter electric car segment; to launch first model by 2024

Ola's first electric car will have the capability to accelerate from 0-100 kmph in four seconds and will have a range of more than 500 kilometers per charge, says CEO Bhavish Aggarwal

Top headlines: Ola Electric to produce EVs in 2024; SBI hikes MCLR

SBI's overnight, one-month, and three-month MCLR stands at 7.35 per cent; six-month is at 7.65 per cent; one-year at 7.70 per cent; two-year at 7.90 per cent; and three-year MCLR stands at 8 per cent

Ola likely to lay off nearly 1,000 employees to ramp up EV plans: Reports

Media reports say that Ola's verticals like mobility, hyperlocal, fintech, and its used car operations have all been included in the process

Ola Electric suspends production at Tamil Nadu plant citing maintenance

Ola Electric has suspended its production of electric scooters at Tamil Nadu's Krishnagiri plant for almost a week, a news report said

Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unit

'Unique and cutting-edge' state-of-the-art battery innovation centre in Bengaluru to be world's largest

Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis

The SoftBank-backed company expects to turn cash-flow positive in three quarters and highlighted that it has more than 60,000 scooters on the road, according to a Kotak Institutional equities report

Have made India's first indigenously made lithium ion-cell, says Ola

Mass production to begin in 2023 at upcoming Gigafactory; firm says use of specific chemistry and materials enables the cell to pack more energy, improves its overall life cycle

Ola Electric unveils indigenous Li-ion cell; mass production from 2023

Ola Electric noted that it is committed to invest in core R&D to create indigenous advanced cell technologies, strengthen manufacturing capabilities and create an integrated Ola Electric vehicles hub.

Can Ola Electric ride over the multiple challenges and emerge stronger?

Registrations are down, and ranking too. But the player insists it is ready for the many challenges staring it in the face

Ola may lay off up to 500 employees in order to drive cost-efficiency

Layoffs may take place across Ola departments amid challenging funding environment and delay in listing plans

Ola Electric slips to 4th spot as EV registrations fall amid fire fears

As customers delay purchasing electric two-wheelers amid fire incidents, Ola Electric again saw its registration dipping in the month of June, taking the company to 4th place in the overall category