Ola Electric Mass Mobility

Mulling an IPO for Ola ride-share business next year, says Bhavish Aggarwal

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

Ola Electric on track to open 200 experience centres by end of 2022

The experience centres will enable customers to touch and feel Ola scooters, clarify their queries, and avail support both before and after purchase

Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis

The SoftBank-backed company expects to turn cash-flow positive in three quarters and highlighted that it has more than 60,000 scooters on the road, according to a Kotak Institutional equities report

Have made India's first indigenously made lithium ion-cell, says Ola

Mass production to begin in 2023 at upcoming Gigafactory; firm says use of specific chemistry and materials enables the cell to pack more energy, improves its overall life cycle

Ola Electric sells scooters worth Rs 600 cr in 24 hrs, 4 units every second

Ola Electric, which had to defer e-scooter sales due to a website glitch last week, opened the purchase of Ola S1 and S1 Pro on Wednesday

Ola Electric raises $100 mn in long-term debt from Bank of Baroda

The company has claimed this to be the largest long-term debt financing agreement for the Indian EV industry

Ratan Tata invests in Ola Electric Mobility as part of its series A funding

Tata is also an early investor in ANI Technologies, Ola's parent company. He had invested in ANI Technologies in July 2015

Ola kicks off pilot of its electric mass mobility project in Nagpur

India's largest taxi aggregator Ola has kicked off a pilot project to demonstrate mass electric mobility in partnership with carmaker Mahindra and the government of India in the city of Nagpur, Maharashtra. Ola will aggregate electric cars, buses, rickshaws and autos on its platform, allowing customers to book them in a manner similar to how they hail gas-powered cabs today. Initially a fleet of 100 Mahindra e2o plus hatchbacks, along with another 100 vehicles from manufacturers such as Tata Motors, Kinetic, BYD and TVS will be available to customers in Nagpur. "India has the need as well as the potential to set a global example on electric adoption to power its mobility needs. We believe that Electric Mobility in a multi-modal format, will be key towards realizing our mission of building mobility for a billion Indians," said Bhavish Aggarwal, co-founder and CEO at Ola. Ola says it has already invested Rs 50 crore in procuring electric vehicles for the pilot and setting up 50 ...