Page 7 - Ola Electric Vehicles

Ola Electric Q1 results: Net loss widens to Rs 347 cr, hurt by price cuts

The company, which made its trading debut last week, said its loss widened to Rs 347 crore ($41.4 million) in the April-June quarter from Rs 267 crore

Ola Electric Mobility rises 20% on debut on electric vehicle optimism

Following the listing of Ola, Aggarwal, who is just 38, has seen his net worth surpass $1.5 billion, cementing his place in the world's youngest billionaires list

Ola Electric's shares surge 10% in debut trade, valuing company at $4.4 bn

The stock had listed flat to its initial offer price at 76 rupees on the National Stock Exchange

MapMyIndia accuses Ola Electric of data theft for maps, sends legal notice

MapMyIndia's legal notice alleges Ola's activities breach the 2021 agreement's terms, which specifically forbid co-mingling and reverse engineering as per Intellectual Property regulations

MapMyIndia accuses Ola Electric of copying mapping data | Ola electric IPO

Days before its IPO, Ola Electric is in the news for not quite the right reasons.

Ola Electric's IPO price out! How does it stack up against listed peers?

According to Redseer, E2W penetration in India is expected to expand from approximately 5.4 per cent of domestic 2W registrations in FY24 to 41-56 per cent of domestic 2W sales volume by FY28

Electric 2W player Ola Electric sets IPO price band at Rs 72-76 per share

Volume growth, vertical integration would be the main pillars for improving its margins, founder and CEO Bhavish Aggarwal told reporters on Monday

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

Ola is planning the IPO at a lower valuation to ensure higher participation from investors bidding for the IPO shares

Bhavish Aggarwal-led Ola Electric IPO likely to open on August 2

SoftBank-backed EV maker to pursue valuation of about $4.5 bn

Ola Electric likely to drive in IPO at a lower valuation of $4.5 billion

EV maker last raised funds at $5.5 bn value

Ola Electric likely to set valuation at around $4.5 billion for IPO

Indian markets regulator in June approved Ola's $660 million stock market listing, the first IPO by an EV-maker in India and which is set to be one of country's largest share sales this year

Aim to make India a core part of the global energy revolution: Ola Electric

Bhavish Aggarwal, founder, says leading global products should be made in the country, for India and the world

Ola Electric to face investor pushback on valuation for upcoming IPO

The company's founder has been aiming for a potential valuation of as much as $7 billion in a Mumbai listing, the people said, asking not to be identified as the information isn't public

Ola Electric receives Sebi approval for IPO; looks to raise Rs 5,500 crore

Ola Electric IPO: The the first public offering by an EV startup in India includes an offer-for-sale component of 95.2 million shares

Ola Electric gets Sebi approval to raise $660 mn through IPO: Report

Ola now plans to list its shares by mid July, and in coming days will reach out to investors to assess demand for its issue, both sources said

Ola Electric planning to layoff 400-500 employees to streamline operations

Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)

Ola Electric commences deliveries of its mass-market S1 X scooters

The S1 X range comes with the requested physical key and caters to customers with different range requirements

Ola Impact: TVS Motor stock price can slide up to 14%, suggests chart

Among others, Bajaj Auto stock may slip up to 5 per cent, while Aether Industries is expected to trade on a range-bound note, technical charts indicate.

Ola Electric reduces prices of entry-level e-scooter by up to Rs 10,000

Ola Electric on Monday slashed prices of its entry-level scooter S1 X by Rs 5,000 to Rs 10,000 across variants, bringing it at par with conventional scooters. The new S1 X was launched in February this year with a price range of Rs 79,999 to Rs 1,09,999 across three variants. In a virtual address, Ola Electric Chief Marketing Officer Anshul Khandelwal said the prices of the company's entry-level scooter have been reduced with immediate effect and deliveries would start next week. Under the new prices, S1 X with 4kWh battery will now cost Rs 99,999, down from Rs 1,09,999 announced earlier. Similarly, S1 X with 3kWh battery has been priced at Rs 84,999 instead of Rs 89,999 earlier. The S1 X 2kWh battery variant will cost Rs 69,999 (introductory price), reduced from Rs 79,999 earlier, he said. "We feel that India needs much more. India needs a price at which they (consumers) can truly adopt EVs," Khandelwal said. An average scooter is priced at Rs 1 lakh, he said adding consumers hav

Ola Cabs shuts down international ventures, shifts focus to Indian market

The future of mobility is electric - not just in personal mobility but also for the ride-hailing business, and there is immense opportunity for expansion in India, said the statement