Page 17 - Ola

Ola Electric raises $100-million long-term debt to build mega factory

The Ola Futurefactory is coming up on a 500-acre site in Tamil Nadu. At full capacity of 10 million vehicles annually, it will be the world's largest two-wheeler factory

Ola Electric raises $100 mn in long-term debt from Bank of Baroda

The company has claimed this to be the largest long-term debt financing agreement for the Indian EV industry

Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO

This is amongst the largest investments in the Indian consumer internet space by these funds and is a testament to the robust and resilient business built by Ola

A new green wave of growth

Vandana Gombar assesses the green energy plans of Reliance, NTPC, Tata and Ola

Phase 1 of Ola e-scooter factory nearing completion, rollout soon: CEO

Last year, Ola had announced a Rs 2,400-crore investment for setting up its first electric scooter factory in Tamil Nadu

Covid-19 impact on Ola, Uber lower during second wave; Ola fares better

The mobility sector is amongst the worst hit due to Covid-19 and both Ola and Uber have lost revenue

SoftBank-backed Ola expands leadership team with appointment of new CFOs

G R Arun Kumar joins as the Group CFO for Ola and CFO for Ola Electric, while Swayam Saurabh has come in as CFO for Ola's mobility, financial services and foods biz

SoftBank-backed Ola completes vaccination for over 50% staff and dependents

The drive is live in Bengaluru where most of its employees are, and will expand to other cities in the weeks ahead as vaccine supplies improve

SoftBank-backed Ola strengthens UK Board with senior appointments

Names include luminaries such as S&P Global director Mike Rake who takes over as non-exec chairman and global transport expert Leon Daniels, an independent director

Ola to start doorstep delivery of oxygen concentrators to consumers

Ola Foundation, the philanthropic arm of Ola, said it has partnered with donation platform GiveIndia to provide consumers with oxygen concentrators

2nd Covid wave expected to impact the business of mobility players in India

Industry executives say the second wave of Covid-19 pandemic may severely impact the business of mobility companies

Ola Electric names former GE executive Balachandar as chief HR officer

Balachandar is a 33-year HR veteran who was most recently group director at Coffee Day; earlier stints include GE Healthcare and GE Capital, Strides Arcolabs and Stanchart

Pressing question before India's tech unicorns: Where to bring an IPO?

Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios

Ola to set up cell manufacturing plant for powering Lithium-ion battery

Ola will initially source the cells for the Li-ion battery used in its soon-to-be-launched e-scooters from South Korea

Investor trims Ola's valuation to about $3 billion, says report

This development comes at a time when Ola has revealed new growth plans, including setting up a Rs 2,400-crore electric vehicle facility expected to become the world's largest two-wheeler factory

Ola's founding partner Pranay Jivrajka quits, may launch his own startup

Pranay Jivrajka was CEO of Ola Foods and an early employee of the ride-hailing firm

Top headlines: Apple's India plans, raw material crunch for vax maker, and more

With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely

10 million man-hours planned to build Ola's mega e-scooter factory

The world's largest two-wheeler factory is expected to create 10,000 jobs.

Ola expects Phase 1 production of two-wheelers from TN site in few months

Ola says the factory will have initial capacity of 2 million units a year in Phase 1

Ola ropes in ABB to deploy robots at its electric scooter factory

Ola's factory will create 10,000 jobs and serve as the company's global manufacturing hub for India and international markets