Ola Electric: News
Ola Electric Mobility is an Indian company headquartered in Bengaluru, Karnataka. It was founded in 2017 by Bhavish Aggarwal, Ankit Bhati, and other core members. The company’s aim is to work with driver-partners, vehicle manufacturers, and battery companies to produce sustainable technology at cost-effective prices. Their Ola Hypercharger network plan aims at installing over 100K+ charging stations in 400 cities across India. Ola Electric is setting up its EV factory in Tamil Nadu, covering over 100 acres of forest land, and with a 10 million production capacity. The company will also introduce its first electric-based Ola Scooter this year.
03 Dec 2024
Bajaj AutoWedding season, rural demand to drive India's 2-wheeler sales: HSBC
HSBC has predicted that the wedding season and a spike in rural demand will drive two-wheeler sales in India.
02 Dec 2024
Bhavish AggarwalOla Electric expanding from 800 to 4,000 stores by year-end
Ola Electric has announced an ambitious plan to expand its retail network from the current 800 stores to a staggering 4,000 by December 20. That's a five-fold increase in just three weeks.
02 Dec 2024
Indian GovernmentModi government mulls ₹9,000cr plan to boost EV battery production
The Indian government is said to be mulling a ₹9,000 crore plan, to boost the production of critical battery components for electric vehicles (EVs) and clean energy systems.
26 Nov 2024
Bhavish AggarwalOla's new e-scooters, with removable batteries, start at just ₹40k!
Ola Electric has expanded its product portfolio with the launch of the S1 Z and Gig series of electric scooters.
24 Nov 2024
Bhavish AggarwalOla Electric teases its first scooter with swappable battery
Ola Electric is all set to disrupt the last-mile mobility segment with its upcoming electric scooter.
21 Nov 2024
Bhavish AggarwalOla Electric to lay off 500 employees in restructuring move
Ola Electric is preparing to lay off over 500 employees across different roles as part of a restructuring plan, according to Moneycontrol.
18 Nov 2024
BajajHonda's first electric scooter for India will offer 100km+ range
Honda has dropped a new teaser for its upcoming electric scooter, which is tailored for the Indian market.
14 Nov 2024
AutoConsumer watchdog orders probe into Ola Electric amid rising complaints
The Central Consumer Protection Authority (CCPA) has launched a full-scale investigation into Ola Electric's services and products.
11 Nov 2024
Bhavish AggarwalOla Electric close to achieving profitability, says CEO Bhavish Aggarwal
Ola Electric, a major player in India's electric vehicle (EV) space, is moving closer to profitability.
11 Nov 2024
SoftBank GroupSoftBank set to book $1.87B profit thanks to IPOs
Japanese technology investor, SoftBank Group, is expected to announce a quarterly profit of ¥287 billion ($1.87 billion) today.
09 Nov 2024
Electric Vehicles in IndiaOla Electric to launch 20 new EVs amidst service concerns
Ola Electric has announced plans to launch 20 new electric vehicles (EVs) across different two- and three-wheeler categories in the next two years.
09 Nov 2024
BusinessOla Electric's Q2 loss narrows to ₹495cr on higher sales
Ola Electric has reported a reduced net loss for the second quarter, which ended in September.
21 Oct 2024
Bhavish AggarwalBouncers at Ola service centers? Kunal Kamra makes shocking claim
Stand-up comedian Kunal Kamra has once again targeted Ola Electric, this time over the alleged presence of bouncers at its service centers.
16 Oct 2024
AutoOla Electric hires EY India to fix after-sales service chaos
Ola Electric, a major player in the electric two-wheeler segment, has hired EY India for a "service transformation."
10 Oct 2024
Ratan TataRatan Tata's impact on India's start-up ecosystem: Founders share experiences
Ratan Tata, former chairman of Tata Sons and a stalwart of India's business landscape, passed away at 86.
08 Oct 2024
Electric ScootersOla Electric served notice over alleged consumer rights violation
India's Central Consumer Protection Authority (CCPA) has served a show-cause notice to Ola Electric over violations of consumer rights.
07 Oct 2024
Kunal KamraOla Electric's stock plunges amid CEO's spat with Kunal Kamra
Ola Electric's shares plunged 9.4% to ₹89.7 on Monday's intraday trade on the BSE.
06 Oct 2024
Bhavish Aggarwal'Sit quiet': Bhavish Aggarwal on Kunal Kamra's Ola scooter criticism
Ola CEO Bhavish Aggarwal and comedian Kunal Kamra are engaged in a public dispute, over the service center situation of Ola's electric scooters.
02 Oct 2024
Ola S1Ola S1 EV range available with massive discount of ₹35,000
Ola Electric, a leading Indian electric two-wheeler manufacturer, has announced significant price reductions on its S1 range of electric scooters.
27 Sep 2024
Electric ScootersOla Electric launches HyperService initiative to address after-sales service issues
Ola Electric has launched a new initiative called HyperService, aimed at addressing the growing concerns related to after-sales services.
26 Sep 2024
Bhavish AggarwalOla Electric initiates 'Network Partner Program' to boost EV adoption
Ola Electric, a prominent player in the electric scooter market, has launched its 'Network Partner Program.' This initiative aims to extend the electric vehicle (EV) revolution into tier-2 and tier-3 cities.
23 Sep 2024
Electric ScootersOla Electric's sales decline 34%, complaints surge to 80,000/month
Ola Electric, a prominent electric scooter manufacturer based in Bengaluru, is facing a challenging period marked by declining sales and escalating customer complaints.
17 Sep 2024
Bajaj Auto'Buy' rating, 50% upside: Goldman Sachs bullish on Ola Electric
Goldman Sachs, a leading global investment banking firm, has projected a significant growth trajectory for Ola Electric over the next three years.
15 Sep 2024
Electric ScootersElectric two-wheelers to capture 13% market in India by 2026-27
The adoption of electric two-wheelers (E2Ws) in India is steadily increasing, with a projected market share of over 13% by the fiscal year (FY) 2026-27, according to investment banking firm Jefferies.
11 Sep 2024
KarnatakaWatch: Unhappy customer sets Ola Electric showroom on fire
In a shocking incident, an Ola Electric showroom in Kalaburagi, North Karnataka was set on fire by a disgruntled customer.
10 Sep 2024
Ather EnergyAther Energy is readying new electric scooters and motorcycles
Ather Energy, India's third-largest electric two-wheeler manufacturer, has announced plans to expand its product range.
09 Sep 2024
Ather EnergyOla-rival Ather Energy files for IPO, aims to raise ₹3,100cr
Ather Energy, a leading Indian electric two-wheeler manufacturer, has submitted a draft red herring prospectus for an initial public offering (IPO), to the Securities and Exchange Board of India (SEBI).
08 Sep 2024
Bhavish AggarwalOla Electric's shares to be in limelight tomorrow: Here's why
Shares of Ola Electric are set to attract significant attention tomorrow, as the company's share lock-in period concludes.
05 Sep 2024
Ola CabsOla Electric's 3-wheeler EV spotted testing, launch later this year
Ola Electric is preparing to introduce its new electric three-wheeler (EV 3W), provisionally named 'Raahi,' within the next three to four months.
02 Sep 2024
Ather EnergySales of electric 2-wheelers in India slump 18% in August
India's electric two-wheeler (E2W) market experienced a significant downturn in August, with month-on-month (MoM) sales dropping by nearly 18% to 88,473 units.
19 Aug 2024
Bombay Stock Exchange (BSE)Ola Electric shares double since market debut: Should you hold?
Ola Electric's shares have experienced a significant surge since their introduction on the stock exchange.
16 Aug 2024
Bhavish AggarwalOla Electric shares surge 18% as company enters e-motorcycle segment
Ola Electric, a prominent player in India's electric two-wheeler industry, has witnessed a significant rise in its share value.
15 Aug 2024
Bhavish AggarwalWhat is Ola Bharat Cell?
Ola Electric has unveiled its innovative battery technology, called 'Bharat Cell.'
15 Aug 2024
OlaOla integrates Krutrim AI into its EVs, cab services
Ola has announced the integration of Krutrim AI, an artificial intelligence (AI) assistant, into its electric scooters and cab services.
15 Aug 2024
AutoOla Electric launches its first-ever e-motorcycle at ₹75,000
Ola Electric has made a significant stride in the electric two-wheeler market with the launch of its first e-motorcycle series, 'Roadster.'
14 Aug 2024
BusinessOla Electric's Q1 loss increases 30% YoY to ₹347 crore
Ola Electric has reported a consolidated net loss of ₹347 crore for the first quarter (Q1) ending June 30, 2024.
13 Aug 2024
BusinessOla Electric surges 70% in 3 days: What's driving rally?
Ola Electric has witnessed a significant surge in its share value, with a 71% increase from the initial listing price of ₹76.
09 Aug 2024
Bombay Stock Exchange (BSE)Ola Electric debuts flat on NSE at ₹76/share
Ola Electric Mobility, a key player in India's electric vehicle (EV) sector, made an uneventful debut on the National Stock Exchange (NSE) today.
08 Aug 2024
Initial Public Offering (IPO)What negative GMP means for Ola Electric's market debut tomorrow
The initial enthusiasm surrounding the Initial Public Offering (IPO) of Ola Electric, India's leading electric two-wheeler manufacturer, has diminished.
06 Aug 2024
Bhavish AggarwalOla Electric's IPO oversubscribed 4.25 times on final day
Ola Electric's initial public offering (IPO) has been oversubscribed 4.25 times today, the final day of bidding.
05 Aug 2024
Bhavish AggarwalOla Electric IPO fully subscribed but GMP hints lacklustre debut
The Initial Public Offering (IPO) of Ola Electric, India's leading electric two-wheeler brand, was fully subscribed on the second day of bidding.
30 Jul 2024
Bhavish AggarwalOla Electric IPO: Bhavish Aggarwal could become richer by ₹288cr
Ola Electric, under the leadership of Bhavish Aggarwal, is preparing to launch its Initial Public Offering (IPO) on August 2.
30 Jul 2024
Bhavish AggarwalOla Electric's battery man makes more than the boss
Hyun Shik Park, a seasoned battery manufacturing expert with over three decades of experience at LG, has emerged as the highest-paid executive at Ola Electric in FY24.
29 Jul 2024
Bhavish AggarwalOla Electric IPO: This investor is set for 800% returns
Ola Electric, India's leading electric two-wheeler manufacturer, is gearing up for its much-anticipated Initial Public Offering (IPO) of over ₹6,100 crore.
29 Jul 2024
Bhavish AggarwalMapMyIndia accuses Ola of copying data to develop Ola Maps
CE Info Systems, the parent company of MapMyIndia, has accused Ola Electric of illegally copying data to develop its recently launched Ola Maps.
29 Jul 2024
Initial Public Offering (IPO)Ola Electric reveals IPO price band, aims to raise ₹6,100cr
Bengaluru-based electric two-wheeler manufacturer, Ola Electric, has set the price band for its upcoming initial public offering (IPO) at ₹72-76.
28 Jul 2024
Initial Public Offering (IPO)Upcoming IPOs this week: Ola Electric, Rajputana Industries, and more
The primary market is preparing for a busy week starting July 29, with 10 initial public offerings (IPOs) scheduled.
27 Jul 2024
Bhavish AggarwalOla Electric to launch its ₹5,500cr IPO on August 2
Ola Electric is set to open its initial public offering (IPO) for retail subscription on August 2, according to a filing with stock market regulator SEBI.
10 Jul 2024
OlaBhavish Aggarwal leads 'kurta' movement, says, 'embrace tradition, young techies'!
Ola's Chief Executive Officer (CEO), Bhavish Aggarwal, recently advocated for traditional Indian attire among young tech leaders.
30 Jun 2024
Bhavish AggarwalOla Electric developing solid-state batteries for its future EVs
Ola Electric, a key player in India's electric two-wheeler market, is developing solid-state battery technology for its future electric vehicles (EVs).
22 Jun 2024
Ola S1 ProOla S1 EV range available with benefits worth ₹15,000
Ola Electric has launched a series of offers and benefits worth up to ₹15,000 across its electric scooter lineup.
19 Jun 2024
Bhavish AggarwalOla Electric to launch 4 e-bikes in India by 2026
Ola Electric has revealed plans to introduce its electric motorcycle lineup in the first half of FY2026.
17 Jun 2024
HyundaiHyundai, Ola Electric, Swiggy, Haldiram's, others eye IPOs worth ₹50,000cr
The Indian equity market is gearing up for a significant increase in Initial Public Offerings (IPOs) over the next three to four months.
11 Jun 2024
Securities and Exchange Board of IndiaOla Electric gets SEBI's nod for IPO worth ₹7,250 crore
Ola Electric, a prominent player in the electric vehicle (EV) industry, has received approval from the Securities and Exchange Board of India (SEBI), for its initial public offering (IPO).
03 Jun 2024
Bhavish AggarwalOla Electric plans to lay off around 500 employees: Report
Ola Electric, the Bengaluru-based electric two-wheeler manufacturer, is planning to lay off between 400-500 employees in the coming weeks, as per the Economic Times.
01 Jun 2024
Electric ScootersOla Electric sees 6% sales boost, captures 49% market share
Ola Electric, a prominent electric scooter manufacturer, has reported a sales increase of 6.26% in May 2024, selling a total of 37,191 units.
24 May 2024
Electric Vehicles in IndiaOla Electric patents removable battery design for light two-wheelers
Ola Electric, a key player in India's electric vehicle industry, has patented a design for a removable electric battery.
15 Apr 2024
OlaOla S1 X becomes cheaper, now starts at ₹70,000
Ola Electric has reduced the price of its S1 X model, with the electric scooter now starting from ₹69,999.
09 Apr 2024
AustraliaOla Cabs ceases operations in UK, Australia, and New Zealand
In a strategic move to refocus on its domestic market, India's leading ride-hailing company, Ola Cabs, has announced the discontinuation of its services in the UK, Australia, and New Zealand.
13 Mar 2024
Bajaj AutoOla Electric to launch 'Raahi' e-rickshaw this month
Bengaluru-based EV maker Ola Electric is preparing to unveil a new-age electric rickshaw, called Raahi, as part of its broader strategy to enter the commercial segment.
08 Mar 2024
Ola S1Ola Electric announces Women's Day offers on S1 scooter range
In honor of International Women's Day, Ola Electric is offering special deals on its S1 electric scooter lineup from March 8 to 10.
05 Mar 2024
Ola S1 ProOla S1 Pro Gen 2 gets PLI certificate for localization
Ola Electric's S1 Pro Gen 2 scooter has been awarded a Production Linked Incentive (PLI) certificate, thanks to achieving over 50% localization.
