Ola Electric's registration figures have fallen by 33 per cent on the last day of June compared to the last day of May
The resignation drive of senior executives at Ola Electric continues and now, its Director HR Ranjit Kondeshan has decided to move on.
The SoftBank-backed electric vehicle firm said it has surpassed Rs 500 crore revenue in its first two months of FY 22-23, and is on track to surpass the $1 billion revenue run rate by end of this year
The standard was formulated considering real-life scenarios such as EV parked vehicle (battery is not used for an extended period of time), battery running at high and low temperatures
The Futurefactory spread over 500 acres or about 378 football fields is a fully automated factory >
SoftBank-backed Ola said it uses proprietary artificial intelligence for optimal performance
Ola Electric needs 1,000 acres of land to set up its cell gigafactory and electric car factory which is expected to attract an investment of Rs 10,000 crore
The company had opened the latest purchase window on May 21. It was the third purchase window opened by Ola Electric for customers since launching the electric scooters last year
The exits come at a time when Ola is reportedly planning its IPO this year at a lower valuation than planned earlier as several startups' IPOs have proved to be a nightmare for the investors
The company, backed by Japan's SoftBank Group, has recalled more than 1,400 e-scooters and appointed external experts to investigate the cause.
Ride-hailing firm has deferred its proposed IPO, and is said to be tackling a string of exits by senior executives.
Ola Electric has grabbed the top spot in the fast-growing electric vehicle (EV) market in India, in just five months of launching its first e-scooter.
Questions are being raised on ola as to what extent can these new-age automobiles track user data and to what ends can they be utilised
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Union Road Transport and Highways Minister Nitin Gadkari said in a tweet thread that companies may take advance action to recall all defective batches of vehicles immediately
E-vehicle fires call for comprehensive policy action
Analysts predict sales of 0.7-0.8 million, which may account for around 13% of the scooter market
Ola Electric has announced that it will be raising prices of S1 Pro e-scooters in the next purchase window
The Bengaluru-based firm is slated to commence the next purchase window on March 17-18, coinciding with the Holi festival