Page 2 - Ola Electric Vehicles

Ola Electric sales reach 20,000 units in October in strong festive season

Ola Electric on Tuesday reported sales of 20,000 units in October 2022. The company, which sells electric scooters S1 Pro and S1, said it registered a strong performance during the festive season. Sales recorded a four-fold growth over daily run rate during Navratras, and ten times on Vijayadashami, the company said in a statement. It has been producing 1,000 units a day on an average . The company, after opening bookings at Rs 499 in July last year for its electric scooters S1 Pro and and S1, started online purchase process in September 2021. It initially planned to start deliveries in October but later pushed the date to November and then again to the second half of December last year.

Ola Electric unveils S1 Air scooter at an introductory price of Rs 79,999

Ola said this is a big push towards taking India closer to ending the era of petrol vehicles

Ola Electric launches new e-scooter for introductory price of Rs 79,999

Ola Electric on Saturday launched an all-new Ola S1 Air electric scooter at a special introductory price of Rs 79,999

Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?

Whether Ola Electric succeeds or not, Aggarwal's admirers seem to agree that he has turbo-charged the EV market, pulling in millions of investment dollars

Pricing hurdle may hit Hero MotoCorp's entry into EV segment: Brokerages

Volume trajectory in the festive season is a key near-term trigger

Ola Electric sets up experience centre in Chennai, eyes 200 by March 2023

Electric two-wheeler maker Ola Electric has set up its first experience centre in Chennai as part of a plan to set up 200 such facilities across the country by March 2023, the company said on Tuesday. People interested in electric vehicles would be encouraged at the experience centre and they can also avail themselves of test-rides of the company's S1 and S1 Pro electric scooters. "Ola experience centres allow us to better understand how best we can take our products to our customers and enable their transition to EV," company CMO Anshul Khandelwal said in a company statement here. In the wake of festive season, the company said it offers discounts up to Rs 10,000 towards purchase of Ola S1 Pro vehicle. Positioned as the most advanced scooters, the Ola S1 and S1 Pro come with most popular MoveOS features like music playback, navigation, companion application and reverse mode, among others, the statement added.

Ola Electric back on top spot after 4 months for e-scooter registrations

EV makers said in view of the festival season, they expect overall numbers to go up substantially

Price hikes in electric scooter models? 'Unlikely', says Ola Electric

The government has extended the earlier October 1 deadline for the implementation of new battery testing norms for electric vehicles (EVs)

Ola group drives back on layoff plan for nearly 200 engineers, for now

Overall, the company at a group level has a workforce of around 10,000 people

Ola Electric to foray into international markets starting with Nepal

Ola Electric on Thursday said it plans to foray into the international markets starting with Nepal. The company said it has signed a memorandum of understanding with CG Motors in Nepal partnering them as local distributors for its Ola S1 scooters (S1 & S1 Pro). The scooters will be available in Nepal starting next quarter, the Bengaluru-based electric two-wheeler maker said in a statement. In the second phase, the company also aims to enter Latin America, ASEAN and European Union, increasing the company's presence in up to five international markets. "Our international expansion not only means that we will as a company be able to serve customers in these similar regions, but it is also testament to the fact that India will lead the EV revolution for the world," Ola Founder and CEO Bhavish Aggarwal noted. To truly take the electric vehicle revolution to the next level, India will have to be the epicenter of change, he added. The company recently unveiled an electric four-wheeler .

Ola Electric plans to hire 3K to focus on non-software engineering domains

Ola Electric is cutting 200 jobs, mostly in software development roles, as part of a restructuring exercise while it plans to hire around 3,000 to focus on non-software engineering domains. The company, which sells electric scooters, said it has been increasing its focus on non-software engineering domains "with a clear focus on building engineering and R&D capabilities across - vehicle, cell, battery, manufacturing and automation, autonomous engineering streams and others". With plans to launch its first electric car in 2024, Ola Electric said it is focusing on being a vertically integrated mobility company. "Ola is building on common capabilities and synergies across functions as it strengthens its play across 2Ws (two-wheelers), 4Ws (four-wheelers), cell R&D and manufacturing," the company said in a statement. It further said, "In light of these efforts, the company is centralising operations and is undertaking a restructuring exercise to minimise redundancy and build a ...

Ola does a u-turn: Plans more experience centres to take count to 200

At present the company has 20 experience centres; move is in contrast to company's earlier gameplan to disrupt traditional auto distribution channels by selling directly to customers

SoftBank, others in talks to lead $75-million funding in GoMechanic

"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development

Now, Ola Electric's battery unit head Ashok Saraswat moves on: Report

There is no stopping resignations of senior executives at Ola Electric and now, its head of advanced battery engineering, Ashok Saraswat, quits

Firms rev up plans to build massive battery storage capacity to power EVs

The capacities committed will come from companies eligible for PLI as well as other players; the largest capacity currently from a single company would be 20 GWh

Electric hopes

Policy clarity needed for electric cars

Can Ola CEO pull off his electric car dream amid harsh ground realities?

According to industry experts, Ola needs to move slowly, fix the house first and cater to the new consumers who are afraid of booking electric two-wheelers amid fears.

Ola Electric unveils one of India's 'fastest' cars; 0-100 Km/h in 4 seconds

Ola Electric has laid out its vision to become a vertically integrated electric mobility player across two-wheeler and passenger vehicle segments

'Would never acquire a loss-making business': Ola CEO on merger with Uber

The Covid-19 pandemic has hurt the transportation industry. But Ola said it is one of the most profitable ride-hailing companies in the world with a strong balance sheet

Ola Electric to enter electric car segment; to launch first model by 2024

Ola's first electric car will have the capability to accelerate from 0-100 kmph in four seconds and will have a range of more than 500 kilometers per charge, says CEO Bhavish Aggarwal