The company, backed by Japan's SoftBank Group, has recalled more than 1,400 e-scooters and appointed external experts to investigate the cause.
Ride-hailing firm has deferred its proposed IPO, and is said to be tackling a string of exits by senior executives.
Ola Electric has grabbed the top spot in the fast-growing electric vehicle (EV) market in India, in just five months of launching its first e-scooter.
Questions are being raised on ola as to what extent can these new-age automobiles track user data and to what ends can they be utilised
Read out the top news headlines and other important topics for the day and related information in the section below.
Union Road Transport and Highways Minister Nitin Gadkari said in a tweet thread that companies may take advance action to recall all defective batches of vehicles immediately
E-vehicle fires call for comprehensive policy action
Analysts predict sales of 0.7-0.8 million, which may account for around 13% of the scooter market
Ola Electric has announced that it will be raising prices of S1 Pro e-scooters in the next purchase window
The Bengaluru-based firm is slated to commence the next purchase window on March 17-18, coinciding with the Holi festival
Reliance Industries and Softbank Group-backed Ola Electric have won bids to receive incentives under India's $2.4 billion battery programme, four sources told Reuters
Recent $200 mn funding to help Ola speed up development of other vehicle platforms, including e-motorbike, mass market scooter and electric car
According to sources, the SoftBank-backed company is gearing up to launch its electric car by 2024
Ola Electric is likely working on an electric car as its CEO and Founder Bhavish Aggarwal has dropped hints of the company's prospective entry into the sector.
Last October, Ola Electric raised over $200 million, tripling its valuation to $3 billion
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 ...
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
As part of its ambitious charging infrastructure goal, Ola Electric will install more than 4,000 charging points for its electric scooters across cities in next year
Mass production of Ola e-scooters is likely to be pushed back until at least January
Indian ride-hailing company Ola has received 1 million reservations for its electric scooter, Chief Executive Officer Bhavish Aggarwal said on Thursday