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Ola Electric

Ola cuts losses by nearly 50% in FY23; logs Rs 2,800 crore in revenue

Ola cuts losses by nearly 50% in FY23; logs Rs 2,800 crore in revenue

Wed, Jan 10, 2024

Ola's consolidated operating revenue went up to Rs 1,970 crore from Rs 983.2 crore from the year before, showing a sharp recovery from the pandemic that had disrupted the mobility business globally.

Ola Electric files DRHP with SEBI, aims to raise Rs 5,500 crore via IPO: Report

Ola Electric files DRHP with SEBI, aims to raise Rs 5,500 crore via IPO: Report

Sat, Dec 23, 2023

The company started sales in December 2021 and has sold over 3,53,000 units to date.

Ola Electric reports total revenue of Rs 2,782 crore in FY23

Ola Electric reports total revenue of Rs 2,782 crore in FY23

Mon, Dec 11, 2023

Ola Electric on Monday said its total revenue grew over six-fold year on year to Rs 2,782 crore in 2022-23.

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Ola Electric raises Rs 3,200 crore to fund EV business

Ola Electric raises Rs 3,200 crore to fund EV business

Thu, Oct 26, 2023

The company announced the successful closure of the funding round from Temasek-led investors and State Bank of India.

A look at this week's startup deals: Ola, TrustCheckr CRED, Dunzo, OpenAI, DeHaat, WinZO in news

A look at this week's startup deals: Ola, TrustCheckr CRED, Dunzo, OpenAI, DeHaat, WinZO in news

Sat, Oct 07, 2023

ZeeBiz.com has curated a list of top deals this week featuring CRED, Dunzo, OpenAI, DeHaat, WinZO among others.

Ather Energy, Ola Electric see lukewarm response from investors: Report

Ather Energy, Ola Electric see lukewarm response from investors: Report

Sat, Oct 07, 2023

IPO-bound Ola Electric posted a net loss of Rs 784.1 crore in the financial year FY22, a four times jump from Rs 199.2 crore in FY21.

Electric Two-Wheeler Sales Surges! Which Company Sold Most? Know Here

Electric Two-Wheeler Sales Surges! Which Company Sold Most? Know Here

Fri, Sep 29, 2023

Sales of electric two-wheelers increased. How much sales of which company? Whose electric two-wheelers sold more?

Tamil Nadu accounts for sale of 4 lakh EVs in country between January-September 2023

Tamil Nadu accounts for sale of 4 lakh EVs in country between January-September 2023

Mon, Sep 25, 2023

Electric vehicle makers that contributed to the sales in Tamil Nadu (between January and September) include -- Ola Electric with 1,75,608 lakh units, followed by TVS Motor at 1,12,949 lakh units.

Ola Electric IPO: India's e-scooter giant to raise $700 million

Ola Electric IPO: India's e-scooter giant to raise $700 million

Thu, Sep 21, 2023

India's leading electric scooter maker, Ola Electric, is planning to file for an IPO before the end of October. The company aims to raise up to $700 million through the IPO, which is expected to be one of the biggest IPOs in India in recent years.

Ola Electric launches entry level e-scooter at introductory price of Rs 79,999

Ola Electric launches entry level e-scooter at introductory price of Rs 79,999

Wed, Aug 16, 2023

The new S1X comes in three variants, S1X (with 2kwh battery), S1X with 3kwh battery and S1X+ also with 3kwh battery

OLA's cheapest electric scooter! Know Ola S1X launched in how many variants?

OLA's cheapest electric scooter! Know Ola S1X launched in how many variants?

Wed, Aug 16, 2023

OLA's cheapest electric scooter, Ola S1X launched in how many variants? How powerful is the Ola S1X scooter? How much does the Ola S1X scooter cost?

Ola Electric eyes higher sales with affordable e-scooters

Ola Electric eyes higher sales with affordable e-scooters

Tue, Aug 15, 2023

The government wants this to grow to 70 per cent by 2030 and is offering incentives to boost sales.

Leaked Images of upcoming Ola EV elicit strong reaction from Bhavish Aggarwal, demands apology

Leaked Images of upcoming Ola EV elicit strong reaction from Bhavish Aggarwal, demands apology

Tue, Aug 08, 2023

Confidential images depicting Ola Electric's soon-to-be-released e-scooters, scheduled for launch on August 15, have reportedly surfaced, leading CEO Bhavish Aggarwal to request an apology from the individual responsible for the leak. Aggarwal also indicated that in the future, the electric vehicle company might reconsider sharing their products with journalists prior to the official launch.

Ola Electric considers early IPO as electric scooter sales soar

Ola Electric considers early IPO as electric scooter sales soar

Mon, Jul 17, 2023

Ola Electric, India's top electric scooter company with a 38% market share, is considering an IPO sooner than expected due to its remarkable growth. With over 239,000 scooters sold and plans for new products, Ola Electric is disrupting the EV market.

Ola Electric to kick off investor meet on IPO plans

Ola Electric to kick off investor meet on IPO plans

Sat, Jun 10, 2023

Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion IPO, two sources with direct knowledge said.

Ola Electric says will refund charger cost to its electric scooter buyers

Ola Electric says will refund charger cost to its electric scooter buyers

Thu, May 04, 2023

In a statement on Twitter, the company said the electric vehicle industry has witnessed unprecedented success in the last couple of years despite attempts from vested interest groups, like the recent narrative on charger pricing.

Ola to return Rs 9,000-19,000 to electric scooter charger buyers

Ola to return Rs 9,000-19,000 to electric scooter charger buyers

Mon, May 01, 2023

Customers of the Ola electric scooter were charged from Rs 9,000 to Rs 19,000 for a smart fast charger. But as per the FAME II scheme, the company would have got more subsidy had they not sold the charger separately.

Ola plans to build world's largest electric vehicle hub in Tamil Nadu

Ola plans to build world's largest electric vehicle hub in Tamil Nadu

Mon, Feb 20, 2023

Ola Electric signed a memorandum of understanding with the Tamil Nadu government, committing Rs 7,614 crore in investments to produce electric cars and build lithium-ion cell manufacturing facilities with a capacity of 20 GW.

Ola group to invest Rs 7,614 crore in Tamil Nadu for lithium-ion cell, EV cars

Ola group to invest Rs 7,614 crore in Tamil Nadu for lithium-ion cell, EV cars

Sat, Feb 18, 2023

According to the Tamil Nadu government, Ola Electric Mobility`s group companies -- Ola Cell Technologies Private Ltd and Ola Electric Technologies Private Ltd -- will set up the lithium-ion cell plant and EV car plant respectively.

Ola Electric plans to bring electric bike, open 500 experience centres

Ola Electric plans to bring electric bike, open 500 experience centres

Thu, Feb 09, 2023

Ola Electric introduced a lower variant of its electric scooter model S1 priced at Rs 99,999, while also announcing a full line-up to its S1 Air model with three different battery capacities with price starting at Rs 84,999.

Ola Electric to touch production of 10 lakh units by November 2023

Ola Electric to touch production of 10 lakh units by November 2023

Mon, Nov 07, 2022

"Our cumulative production numbers: Dec 2021: 0; Nov 2022: 1,00,000; Nov 2023: 10,00,000; Nov 2024: 1,00,00,000.., "Aggarwal said in a tweet on Friday.

Ola Electric will miss its target to fully utilise production capacity in 6-8 months

Ola Electric will miss its target to fully utilise production capacity in 6-8 months

Sat, Nov 05, 2022

Ola Electric had said that its factory at Krishnagiri district in Tamil Nadu would have a capacity to produce 1 crore electric two-wheelers annually when fully completed. On Tuesday Ola Electric had reported sales of 20,000 units in October 2022.

Record Sales! Electric two-wheelers register 29% month-on-month growth in October 2022 – know details

Record Sales! Electric two-wheelers register 29% month-on-month growth in October 2022 – know details

Mon, Oct 31, 2022

Among all, Ola Electric witnessed a massive growth of 53 per cent MoM to 15095 units, followed by Okinawa up 38 per cent MoM to 1,1754 units in October 2022.

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