Ola Electric Mobility

This recently listed IPO has zoomed 75% against its issue price in 5 days

IndiGo's total expenses in the first quarter rose about 24% to Rs 17,449 crore, with aircraft fuel expenses

The company has just secured $300 million in funding, led by a sovereign fund, pushing the valuation from $5 billion to $6 billion

Govt's punitive action leads to a big dent in registrations

This fundraising will reduce the promoters' shareholding marginally from 40 per cent currently to 37-38 per cent

E-vehicle manufacturer Ola Electric is close to raising funds of around USD 300 million for its expansion plans and to meet other corporate needs, sources close to the company said. The fresh round of fundraising comes amid expectations that Ola Electric would break even soon and achieve profitability. The fundraising would be managed by investment bank Goldman Sachs, and the funds would be raised from existing and marquee global investors and sovereign funds, the sources added. With close to a billion dollar annual revenue run rate, Ola Electric led the pack of Indian EV manufacturers by volume and revenue within a year of beginning deliveries of its electric scooters -- Ola S1 and Ola S1 Pro. The company has been building on its plan to develop core technologies like cell manufacturing, and is looking to expand its product portfolio across segments of two-wheelers and four-wheelers. Ola Electric had recently signed an MoU with the Tamil Nadu government to acquire land to set up

Many are considering shutting shop as supplies are down to a trickle and operational costs exceed revenues

The hub, spanning 2,000 acres (809 hectares) in the southern Indian state of Tamil Nadu, will be used for manufacturing electric two-wheelers, cars and battery cells

Outlets manage post-sales care and maintenance of company's electric scooters

Ola is also pushing the pedal in the premium electric scooter market ( Rs 1 lakh to Rs 1.5 lakh) where it has a 50 per cent share

Ola said the success of the S1 Pro and S1 have cemented its market leadership

EV manufacturer Ola Electric on Thursday launched its much-anticipated Ola S1 Air e-scooter, which comes available in three variants at a starting price of Rs 84,999

Automaker raises share to over 16% with 9,153 registrations in January

The company has handed pink slips to 200 people across tech, engineering and product teams as a part of its "restructuring exercise"

Upgrade will give vehicles more than 50 features and improvements, says company

Likely to launch three-& four-wheeler commercial vehicles next year

Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations

Company will be adding in-house manufacture of motors as well as cells, which account for the bulk of the cost of a scooter

'Looking at synergies with EV business, will announce details soon'

Plans to roll out electric two-wheelers in every segment in the next 12 months