Bumps On IPO Road: Ola Electric’s Net Loss Surges
The Indian manufacturer of electric vehicles (EVs) Ola Electric, led by Bhavish Aggarwal, revealed a significant decline in its financial performance for FY23. The company’s net loss increased dramatically from Rs 784.1 crore in the previous fiscal year (FY22) to…
India’s OLA Electric Service Challenges as Demand for Electric Scooters Surges
Bhavish Aggarwal, often regarded as India’s counterpart to Elon Musk, is on a mission to accelerate the adoption of electric scooters and propel India toward a greener future. Aggarwal’s company, Ola Electric, often likened to Tesla in the West, is…
Ola Electric Converts to Public Ltd Co Ahead of its IPO Filing
As Ola Electric gears up to get listed on the stock exchanges in the coming months, the firm made a corporate restructuring to convert itself from a private limited company to a public company, regulatory filings showed. The conversion of…
Ola Electric Reacts to Pune Scooter Fire Incident
Ola Electric is once again in the news because of similar reasons. Another incident of an Ola electric catching fire took place, this time in Pimpri-Chinchwad area of Pune. Several videos of the incident have been posted on the social…
Ola Electric Reportedly Eyeing IPO By End Of October 2023
As far as electric two-wheelers go, India’s Ola Electric is one of the fastest-growing companies in the business. Despite currently operating exclusively in India, the brand, through its visionary founder and CEO Bhavish Aggarwal, has made it clear that it…
Temasek Leads $140m Funding In Ola Electric At A Valuation Of $5.4b
Singapore’s investment firm Temasek led a $140 million funding round in India’s Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering. The…
Ola Launches S1X Electric Scooter At Introductory Price Of Rs. 79,999, Deliveries To Begin By December
Ola Electric on Tuesday launched its new entry-level electric scooter S1X with an introductory price of Rs 79,999 as it accelerates its challenge to conventional engine counterparts. The company also showcased its four electric motorcycles which will be launched towards the…
Ola Receives 3,000 For S1 Air Within Hours Of Opening Booking Window
Electric two-wheeler maker, Ola Electric received 3,000 booking orders for its newly launched Ola S1 Air. Ola Electric’s Founder and CEO, Bhavish Aggarwal, revealed this in a tweet. Ola opened the booking window for its most affordable scooter, the S1…
Ola Electric Teases Two New Colours For S1 E-Scooter
Ola Electric has been on a teasing spree for a while. To create hype around its upcoming launch event, which is to take place next month, the company has been rolling out multiple teasers. One of these shows two new…
Indian EV Manufacturer Ola Electric Set To Begin IPO Discussions
Ola Electric has been making waves in the motorcycle industry despite being confined primarily to the Indian market. The brand impressed the world with its rapid expansion across India, and is best known for its S1 electric scooter, making electric…
