Page 3 - Ola Electric Vehicles
Top headlines: Ola Electric to produce EVs in 2024; SBI hikes MCLR
SBI's overnight, one-month, and three-month MCLR stands at 7.35 per cent; six-month is at 7.65 per cent; one-year at 7.70 per cent; two-year at 7.90 per cent; and three-year MCLR stands at 8 per cent
 "Top headlines: Ola Electric to produce EVs in 2024; SBI hikes MCLR")
Ola likely to lay off nearly 1,000 employees to ramp up EV plans: Reports
Media reports say that Ola's verticals like mobility, hyperlocal, fintech, and its used car operations have all been included in the process
 "Ola likely to lay off nearly 1,000 employees to ramp up EV plans: Reports")
Ola Electric suspends production at Tamil Nadu plant citing maintenance
Ola Electric has suspended its production of electric scooters at Tamil Nadu's Krishnagiri plant for almost a week, a news report said
 "Ola Electric suspends production at Tamil Nadu plant citing maintenance")
Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unit
'Unique and cutting-edge' state-of-the-art battery innovation centre in Bengaluru to be world's largest
 "Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unit")
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
 "Have made India's first indigenously made lithium ion-cell, says Ola")
Ola Electric unveils indigenous Li-ion cell; mass production from 2023
Ola Electric noted that it is committed to invest in core R&D to create indigenous advanced cell technologies, strengthen manufacturing capabilities and create an integrated Ola Electric vehicles hub.
Can Ola Electric ride over the multiple challenges and emerge stronger?
Registrations are down, and ranking too. But the player insists it is ready for the many challenges staring it in the face
 "Can Ola Electric ride over the multiple challenges and emerge stronger?")
Ola may lay off up to 500 employees in order to drive cost-efficiency
Layoffs may take place across Ola departments amid challenging funding environment and delay in listing plans
Ola Electric slips to 4th spot as EV registrations fall amid fire fears
As customers delay purchasing electric two-wheelers amid fire incidents, Ola Electric again saw its registration dipping in the month of June, taking the company to 4th place in the overall category
Ola Electric slips to 4th place with 5,753 e-scooter registrations
Ola Electric's registration figures have fallen by 33 per cent on the last day of June compared to the last day of May
 "Ola Electric slips to 4th place with 5,753 e-scooter registrations")
Ola Electric's HR Director quits after 14 months as top executives depart
The resignation drive of senior executives at Ola Electric continues and now, its Director HR Ranjit Kondeshan has decided to move on.
Will cross $1-bn revenue run rate by year-end, predicts Ola Electric
The SoftBank-backed electric vehicle firm said it has surpassed Rs 500 crore revenue in its first two months of FY 22-23, and is on track to surpass the $1 billion revenue run rate by end of this year
 "Will cross $1-bn revenue run rate by year-end, predicts Ola Electric")
BIS formulates standard for EV batteries following spate of fire incidents
The standard was formulated considering real-life scenarios such as EV parked vehicle (battery is not used for an extended period of time), battery running at high and low temperatures
 "BIS formulates standard for EV batteries following spate of fire incidents")
 "Ola FutureFactory 2022")
Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car
SoftBank-backed Ola said it uses proprietary artificial intelligence for optimal performance
Ola in talks with states for land to set up cell, electric car factories
Ola Electric needs 1,000 acres of land to set up its cell gigafactory and electric car factory which is expected to attract an investment of Rs 10,000 crore
 "Ola in talks with states for land to set up cell, electric car factories")
Ola Electric starts deliveries of units within 24 hours of their purchase
The company had opened the latest purchase window on May 21. It was the third purchase window opened by Ola Electric for customers since launching the electric scooters last year
Ola Electric sees high-profile exits amid govt scrutiny, user complaints
The exits come at a time when Ola is reportedly planning its IPO this year at a lower valuation than planned earlier as several startups' IPOs have proved to be a nightmare for the investors
 "Ola Electric sees high-profile exits amid govt scrutiny, user complaints")
