Ola electric

News and Trends

Hyundai and Kia Exit Ola Electric, Sell Stake for INR 690 Cr

The two auto giants, part of the same South Korean group, had invested USD 300 million in Ola Electric in 2019.

News and Trends

Ola Electric's Board Approves INR 1,700 Cr Fundraise

The capital will be secured through a private placement of non-convertible debentures or similar instruments, rolled out in phases.

News and Trends

Ola Rolls Out First Roadster X, Kicks Off New Era in Electric Mobility

Equipped with a powerful mid-drive motor and chain drive, the bike features an integrated MCU for optimal torque transfer, delivering impressive acceleration and range.

News and Trends

Ola Electric To Double Service Centres To 1,000 By Year End

The company is imparting training to one lakh third-party mechanics under its Network Partner Program to make every mechanic in India EV-ready by Dec 2025.

News and Trends

Bhavish Makes Slew Of Announcements At Sankalp Event

The Founder and CEO announced a rebranding of its ride-hailing division from Ola Cabs to Ola Consumer.

Growth Strategies

E2W Sales Sees Growth After Four Months

If we look at company wise data, the market leader Ola Electric whose IPO has opened today, recorded 114 per cent YoY growth with 41,597 units sold in July 2024

News and Trends

Ola Electric Faces Legal Challenge from CE Info Systems Over Ola Maps Data Allegations

The allegations were revealed on the day Ola held a media briefing to talk about its upcoming public issue.

News and Trends

India's Environmental Tech Sector Soars with USD 7.3 Bn in Funding, Tracxn Reports

Startups in the fields of EVs, hydrogen production and storage, and solar energy technology are growing in India. The two areas that have received the most financing over the past five years are carbon capture (USD 42 million) and offset and solar energy technology (USD 161 million).

News and Trends

Ola To Launch E3W Ahead Of Its IPO

The company had also listed a four-wheeled vehicle as an "intangible asset under development" in its draft IPO papers.

News and Trends

Ola Founder Bhavish Aggarwal Registers a New Company: Report

The startup is likely to be in the artificial intelligence space

News and Trends

Best Drivers, Top Cars, No Cancellations; Ola Launches Prime Plus Premium Service

According to a Twitter update, the service will go live for select customers in Bangalore

News and Trends

Ola Electric Engages Goldman Sachs And Kotak As It Aims For IPO By Early 2024

According to reports, the IPO planned by Ola Electric will consist of a combination of primary and secondary share offerings

News and Trends

Ola Electric Secures $300 Million Funding At $6 Billion Valuation

The latest fundraise will be used by the company to immediately ramp up its capacity of electric two-wheelers from 0.5 million to 2 million per annum, as per the report

News and Trends

Ola Electric To Reimburse INR 130 Crore To Its Customers

The development comes amid reports that the government has initiated an investigation into FAME scheme irregularities after whistle-blowers raised apprehensions

News and Trends

Ola Electric To Invest $920 Million In Tamil Nadu: Report

The reports stated that Ola will invest $920 million through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, drawn to the growing demand for EVs in India