Page 5 - Ola Electric Mobility

Startup chutzpah: Newbie scooter maker Ola leads India's EV race

Ola Electric Mobility Pvt., a Bengaluru-based startup, will get state support to manufacture EV batteries that can store a total of 20 gigawatt-hours of power, the government said on March 24

Reliance New Energy Solar, Ola among firms selected for PLI scheme

The selected companies which include Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors Co will receive incentives under India's Rs 18,100 crore-programme for local production

Four firms selected for Rs 18,000 crore PLI scheme for ACC battery

Four companies have been selected to receive incentives under the government's Rs 18,100 crore PLI scheme for Advanced Chemistry Cell (ACC) battery storage, the government said

SoftBank-backed Ola Electric invests in Israeli battery tech firm StoreDot

It's the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry & manufacturing and new energy systems

Ola Electric to hike prices of S1 Pro scooter from next purchase window

The Bengaluru-based firm is slated to commence the next purchase window on March 17-18, coinciding with the Holi festival

Top headlines: Oil PSUs buy cheaper Russian crude; JPM cuts Indian shares

Business Standard brings you the top headlines on Thursday

Ola Electric brings former LG Chem Power CEO Prabhakar Patil onto its board

The company is now scouting the globe for opportunities to invest strategically into firms focused on advanced cell chemistry research and other battery tech

Ola Electric to open next purchase window for S1 Pro scooter on Mar 17, 18

The Bengaluru-based company said it is also bringing an exclusive special edition colour 'Gerua', in a beautiful glossy finish

Ola Electric plans 50 Gwh India battery plant in EV push: Report

Softbank Group-backed Ola Electric plans to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt hours (GWh)

Ola Electric set to invest Rs 3,500 crore in five years under PLI scheme

Sources say Ola had announced that it would invest Rs 2,400 crore in the first phase of its electric two-wheeler plant with an initial capacity of 2 million

Bhavish Aggarwal-led Ola Electric valuation tops $5 bn with $200 mn funding

Last October, Ola Electric raised over $200 million, tripling its valuation to $3 billion

Ola Electric raises $200 mn in funding at a valuation of $5 billion

In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others that had valued the company at $3 billion

Ola Electric to open final payment window for scooter buyers on Jan 21

Ola Electric will open the final payment window on January 21 for all the customers who have already paid Rs 20,000 for its electric scooters, Ola Chairman and Group Executive Officer Bhavish Aggarwal said on Friday. The company, which had last month stated that it has dispatched its electric scooters to all who have purchased in the previous round, will dispatch for the latest purchase during this month and February. Sharing a shot of its electric scooters at the company's factory while extending greetings for Lohri, Sankrati and Pongal, Aggarwal in a tweet said, "Sea of scooters awaits! Final payment window opens Jan 21, 6 pm in Ola App for all customers who've paid (Rs) 20k. We'll dispatch across Jan & Feb." Ola Electric, which had in August last year made a foray into the green mobility space with the launch of its electric scooters, S1 and S1 Pro priced at Rs 99,999 and Rs 1,29,999, respectively, had postponed delivery timelines for its much-anticipated products citing the ...

Why VCs are backing newer EV start-ups despite the OATS phenomenon

Early-stage funding in the segment rose almost three times to $74 million in 2021 compared to the previous year

All Ola S1, S1 Pro electric scooters from first batch dispatched: CEO

After facing a long wait owing to production-related delays caused by global chip shortage, Ola Electric revealed that it has dispatched all units of its S1 and S1 Pro electric scooters to customers

Ola Electric begins rollout of charging points for its EVs across India

Ola Electric has built its Futurefactory. At full capacity of 10 million vehicles annually, it would be the world's largest two-wheeler factory and would handle 15 per cent of the world capacity

Ola's dream of biggest e-scooter factory hits hurdle amid dearth of chips

Mass production of Ola e-scooters is likely to be pushed back until at least January

Ola raises $500-mn term loan, in talks to raise $1 bn at $7.5-bn valuation

IPO-bound firm is likely to use the loan to fuel its vision for future of mobility across businesses including ride-hailing, vehicle commerce, delivery with foods, quick commerce & financial services

Ola delivers S1 scooters to its first 100 customers in Chennai, Bengaluru

The company said it organised special events in Bangalore and Chennai on Wednesday to deliver both S1 and S1 Pro trims to the first 100 customers

Ola has received 1 million reservations for its electric scooter: Aggarwal

Indian ride-hailing company Ola has received 1 million reservations for its electric scooter, Chief Executive Officer Bhavish Aggarwal said on Thursday