The first phase of bulk delivery of Ola Electric's 4680 Bharat Cell-powered automobiles has been announced. The first model to be powered by the company's domestically produced 4680 Bharat Cell battery pack, which offers increased performance, safety, and range, is the S1 Pro+ (5.2 kWh)
In an effort to improve its after-sales operations, Ola Electric is planning to engage over 1,000 senior service technicians and specialist professionals as part of the next phase of its Hyperservice program, individuals familiar with the matter told PTI. The expansion would greatly augment Ola’s existing after-sales workforce
Under its Hyperservice programme, Ola Electric announced on 1 December the nationwide deployment of its in-app service appointment function, which allows users to easily schedule vehicle maintenance. The company's dedication to providing an open, practical, and customer-focused service experience is reinforced by the new feature. The Ola Electric
Ola Electric Mobility Ltd., once a favourite of investors, is finding it difficult to pick up steam as its market share declines and share price falls. The SoftBank-backed electric scooter manufacturer is currently having trouble attracting investors for its most recent fundraising attempts after seeing its IPO oversubscribed more than
For the first time, Ather Energy Ltd's overall revenue—which includes interest on investments—surpassed that of Ola Electric Mobility Ltd., a cross-town rival managed by Bhavish Aggarwal and currently fighting for market dominance. Bengaluru-based Ather Energy reported INR 941 crore in total sales from July to September,
In an exchange statement on 25 October, Ola Electric Mobility stated that the board had authorised funding up to INR 1,500 crore through the issuance of securities. A plan to raise money through the issuance of shares or convertible securities, including warrants, through rights issues, qualified institutional placements, private
On October 15, Ola Electric shares are anticipated to be the subject of attention due to signs that the firm plans to enter the energy sector in addition to its primary electric vehicle business. Ola Electric, the largest pure-play EV firm in India, said in an official statement that it
In 2019, Z47 made their initial investment of INR 107 crore in Ola Electric. The AI startup Krutrim and the ride-hailing company Ola Cabs are also owned by the venture capital fund. Z47 and Tiger Global’s Exit Strategy In October of last year, ET revealed that Z47 is reducing
On July 14, Ola Electric, a maker of electric two-wheelers, reported a larger consolidated net loss of INR 428 crore for the first quarter of the fiscal year 2025–2026 (Q1 FY26). In the same time frame last year, the company managed by Bhavish Aggarwal reported a net loss of
Kia, another South Korean automaker, has decreased its ownership in the EV company, while Hyundai Motor has sold off all of its shares in Ola Electric. According to a news agency, the total share sale brought in about INR 6.89 billion ($80 million). Hyundai, which had previously owned 2.
As part of the ongoing restructuring, Ola founder Bhavish Aggarwal wants to move ANI Technologies' intellectual property (IP) rights to the Ola name to a holding firm run by his family office. As the larger markets and sectors change, Ola's spokesman informed a media outlet that the
The notice stated that Ola Electric must respond to the aforementioned questions within seven days of receiving this letter in order to prevent any negative consequences.
Ola Electric, a premier name in India’s electric vehicle sector, is facing a severe regulatory setback. The Maharashtra Regional Transport Offices (RTOs) took a hard look at the company’s outlets, a total of 146 spread across the state. What they found was alarming: 121 of these outlets were
Ola Electric stated in a letter dated 21 March to the Ministry of Road Transport and Highways that 10,866 Gen3 e-scooter and 1,395 Roadster X motorcycle reservations were included in its February sales data.
Fresh questions about Ola Electric's approach were raised when a confrontation with vendors, delayed deliveries, and a INR 3,000 crore market rout resulted from an attempt to lower registration fees. Customers who were excitedly anticipating their Ola Electric scooters started to notice an unanticipated delay last month.
In a regulatory statement on 25 March, Ola Electric Technologies Private Limited, a division of Ola Electric Mobility Limited, stated that it had settled its financial disagreements with the Rosmerta Group and that as a result, insolvency proceedings had been withdrawn against it. Earlier insolvency filings against Ola Electric Technologies
In response to recent media coverage of their February 2025 sales numbers, Ola Electric denied any regulatory concerns and provided explanation on what it refers to as a temporary registration bottleneck. The company stated in a statement issued on March 21 that it is working to alleviate the backlog that
To make matters worse, Ola Electric Mobility has apparently received a notice from the Ministry of Heavy Industries (MHI) for not fulfilling its obligations under the National Programme on Advanced Chemistry Cell (ACC) Battery Storage PLI program. In addition to Ola, the notifications were also sent to Reliance and Rajesh
According to a media agency, Ola Electric Mobility Ltd., under the leadership of Bhavish Aggarwal, is laying off over 1,000 staff and contract workers in an attempt to reduce the company's growing losses. As the electric two-wheeler (2W) manufacturer goes through a significant reorganisation, the employment cutbacks
With the introduction of the Roadster X series, Ola Electric, the industry leader for electric two-wheelers, has made its foray into the electric motorcycle sector. Five different models are in the lineup, and the starting price is INR 74,999. The Roadster series will start to be delivered in the
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Ola Cabs is India's largest mobility platform growing into a worldwide perspective. It has a strong friendly global presence as rides are hauled around nearly every continent. Ola Cabs is driven by the mission to provide sound transport solutions to the billion Indians through technology, connecting users and
The manufacture of Ola Electric's "Roadster" electric bike, which the business unveiled in August of last year, has begun. Ola would like to notify its consumers that the firm has begun the assembly line of its future bike today, January 20, 2025, according to an exchange
Ola Electric, a manufacturer of two-wheeler electric vehicles (EVs), has received an administrative warning from the Securities and Exchange Board of India (SEBI) for breaking its rules. Ola Electric is facing charges for using social media to reveal important details about a planned shop network expansion before first alerting the
There has been a dramatic change in the competitive landscape of India's two-wheeler electric vehicle (EV) market, with Bajaj Auto surpassing Ola Electric in December 2024 to become the dominant competitor. The government's Vahan portal reports that Bajaj Auto's market share in the two-wheeler