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Ola Electric News

Bhavish Aggarwal

22 Nov 2024

Ola Electric Set To Lay Off 500 Employees Amid Controversies, Poor Results

The Bhavish Aggarwal-led electric vehicle (EV) company is trying to boost its operational efficiency by reducing redundancies and “drive profitability”, according to multiple reports. The restructuring exercise will impact employees from several departments, the reports added.

19 Nov 2024

Investors Lose Rs 38,000 Crore As Ola Electric’s Stock Continues To Slide

The Central Consumer Protection Authority (CCPA) has also ordered a comprehensive probe into the EV company over its consumer complaint redressal practices.

03 Nov 2024

Electric Two-Wheeler Sales Grew 85 Per Cent In October

In October 2024, Ola Electric, a company facing difficulties regarding service and product quality, sold 41,605 units.

29 Oct 2024

Ola Electric Shares Hit All-Time Low; Dip Below IPO Price

Shares of Ola Electric opened with a decline on Tuesday. During the trading session so far, the stock made an all-time low of Rs 74.84.

23 Oct 2024

Ola Electric’s Stock May Trade Below Its Debut Price Of Rs 76, No Respite Seen

Ola Electric's shares were listed in August. After listing, a sharp rally was seen in the Ola Electric and the counter made an all-time high of Rs 157.40.

Ola Electric Mobility

07 Oct 2024

Ola Electric Shares Drop 8% Following CEO's Heated Exchange With Comedian

Ola Electric’s recent stock plunge comes amid rising controversy involving CEO Bhavish Aggarwal and a social media dispute.

30 Sep 2024

Ola Electric Share Tanks 4%, Trades Below Rs 100 For 1st Time

Shares of Ola Electric Mobility fell more than 4 per cent on Monday and slipped below the Rs 100 mark for the first time since its listing last month.

Bhavish Aggarwal

23 Sep 2024

Ola Electric's Share Nosedives Further, Analysts Warn Investors

The electric vehicle (EV) company’s stock closed at 108.15 apiece, a drop of 2.56 per cent from its last trading session. The share is down more than 31 per cent from its recent all-time high of 157.40.

Bhavish Aggarwal

02 Sep 2024

Ola Electric’s Market Share Drops To 31% In August, Share Extends Losses

Ola Electric’s shares have tumbled over 27 per cent from its record peak of Rs 157.53 a piece, leaving investors jittery amid profit booking and broader market volatility.

24 Aug 2024

Ola Electric Fast Losing Market Share, Market Experts Tell Investors To Remain

A latest Jefferies report said that TVS and Bajaj have expanded their portfolios with more affordable electric two-wheelers.

14 Aug 2024

Ola Electric Reports Rs 347 Crore Loss In April-June Quarter, Revenue Up 32%

For Q1 FY25, the company posted adjusted gross margin of Rs 377 crore for the quarter ended June 30.

01 Jul 2024

Ola Electric Posts 107 Per Cent Growth In June EV 2-Wheeler Registrations

Ola Electric also surpassed 2 lakh registrations in CY2024, becoming the first EV two-wheeler company to achieve the milestone within the first half of a calendar year.

20 Jun 2024

Ola Electric, Emcure Pharma Get Sebi's Nod To Float IPO

Ola Electric manufactures EVs and core EV components such as battery packs and motors at Ola Futurefactory -- manufacturing facility in Krishnagiri.

15 Apr 2024

Ola Electric Slashes Price Of S1 X E- Scooter, Check New Prices

The new pricing structure for the Ola S1 X, introduced in February this year, now ranges from Rs 69,999 to Rs 99,999

Indian startups

07 Apr 2024

Over $172 Million In Funding Raised By 30 Indian Startups Last Week

Ola Electric, led by Bhavish Agarwal, secured the highest amount of debt funding of $50 million.

11 Feb 2024

Ola Electric Gets Certification For 2nd e-scooter Under Govt's PLI Scheme

The company's Ola S1 Pro and Ola S1 Air are now eligible for subsidies under the government's auto PLI scheme for five years from the date of certification, as per sources.

05 Feb 2024

2024 Ola S1X Electric Scooter Launched In India At Rs 1.10 Lakh

the launch of the Ola S1X scooter with a 4kWh battery pack marks a significant milestone in the electric vehicle industry, especially for the Indian market.

18 Jan 2024

Ola Electric Launches MoveOS4 To Offer Better Ownership Experience

Ola S1 electric scooter owners will now have increased features on their scooters for an improved ownership experience as the EV-maker has rolled out its new MoveOS4.

Ola Electric IPO

23 Dec 2023

Ola Electric Files For IPO: Check A-Z About It

The proposed Initial Public Offering (IPO) encompasses a fresh equity share release of up to Rs 5,500 crore and an offer for sale (OFS) involving 95,191,195 equity shares at a face value of Rs 10.

01 Dec 2023

Ola Electric Registers Strong YoY Growth Of 82% With Nearly 30,000 Units Sold

Ola Electric achieved record monthly sales in November, registering 30,000 units, boasting 82% YoY growth and 30% MoM growth.

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