Page 5 - Ola Electric Vehicles

Ride-hailing company Ola aims to make India global electric vehicle hub

Indian ride-hailing company Ola has received 1 million reservations for its electric scooter, Chief Executive Officer Bhavish Aggarwal said on Thursday, with first deliveries on track for Dec. 15.

Ola Electric manufactures 9 customised scooters for Netherlands embassy

Ola Electric on Wednesday said it is manufacturing nine customised Ola S1 Pro scooters for the Embassy of The Netherlands on a special order. The scooters will be used across the three diplomatic missions of The Netherlands in India and will come painted in the custom orange shade, the official colour of The Netherlands, and will also sport the official logo of country. The units will be delivered to the embassy in New Delhi, and to the Consulates General in Mumbai and Bengaluru, once Ola begins customer deliveries in the coming weeks. "We are excited to build these custom scooters for the embassy of The Netherlands and are proud that they have joined our Mission Electric, which is to ensure that no petrol two-wheelers are sold in India after 2025, Ola Founder and CEO Bhavish Aggarwal said in a statement. In the future, the company would be looking at providing custom paint finishes to customers as well so they can make their Ola S1 uniquely theirs, he added. Ola Electric aims to

SoftBank-backed Ola's COO and CFO to exit firm amid its plans to go public

Source says departures driven by loads of pressure from the top, pandemic impact on ride-hailing business and plenty of resources going to Ola Electric

Fundraise of $200 mn triples Ola Electric valuation to $3 billion

In July 2019, Ola Electric raised $250 mn from SoftBank, when it was just a two-year-old firm. The investment made the fledgeling venture a unicorn

PLI Scheme for auto sector to promote electric vehicles needs a relook

The government's PLI scheme for automobile makers might leave the electric two-wheeler industry, which has seen a lot of action recently, out in the cold. Let's delve into the details of the matter

India must end petrol two-wheelers by 2027: e-scooter firm Hero Electric

"2027 would be a good time for new sales to be 100% electric," Naveen Munjal, managing director of Hero Electric Vehicles Pvt., said in an interview

Ola Electric sells e-scooters worth Rs 1,100 crore in just two days

Ola group CEO Bhavesh Aggarwal said this is unprecedented not just in the automotive industry, but also in Indian e-commerce history

Ola restarts e-scooter sales after website glitch, bookings on app only

The firm is starting sales in batches and prioritising users based on their dates of reservation

Ola Electric's Futurefactory to be run entirely by as many as 10,000 women

This will make it the world's largest women-only factory and the only all-women automotive manufacturing facility globally

Ola e-scooter factory to be largest all-women plant globally: Aggarwal

Ola co-founder Bhavish Aggarwal on Monday said its electric scooter factory will be run entirely by women and employ over 10,000 women at full scale. "Aatmanirbhar Bharat requires Aatmanirbhar women! Proud to share that the Ola Futurefactory will be run ENTIRELY by women, 10,000+ at full scale! It'll be the largest all-women factory in the world!! Slightly smiling face," he said in a tweet. He also shared a video featuring the first batch of women hired to work at the facility. In a blogpost, Aggarwal said the company welcomed the first batch this week and "at full capacity, Futurefactory will employ over 10,000 women, making it the world's largest women-only factory and the only all-women automotive manufacturing facility globally". This is the first in a series of initiatives Ola is undertaking to create a more inclusive workforce and provide economic opportunities for women across the board, he added. Aggarwal said the company has invested significantly to train and upskill the

Ola Electric ties up with banks, fin institutions for loans to customers

The company, which had last month launched the Ola S1 electric scooter in two variants -- S1 and S1 Pro -- at prices Rs 99,999 and Rs 1,29,999, respectively, said it will start deliveries in October

A mega ride

Ola's e-scooter plans can disrupt the two-wheeler market

Ola's e-scooter entry a litmus test for electric vehicle mobility

Ola's aggressive volume targets has not only given the existing manufacturers greater confidence but also spawned several firms in the e-two wheeler space

Ola Electric launches Ola S1 scooter, prices start at Rs 99,999

Bhavish Aggarwal against sale of petrol 2-wheelers after 2025

Ola nears 'tryst with destiny'; rivals prepare for e-scooter battle

Ahead of the company's launch of e-scooter on Independence Day, experts say market transition may take time

Ola Cabs CEO Bhavish Aggarwal takes on Elon Musk over EV duty cut

The e-scooter's pre-launch garnered bookings of close to 100,000 in 24 hours

Ola e-scooter to start at Rs 85,000; eyes 50% of two-wheeler market

Ola wants to position itself as an attractive alternative to the popular ICE 125 cc scooter range through its own electric offering

Ola says it got 100,000 bookings for electric scooter within 24 hours

Ola Electric on Saturday said it has received around 100,000 bookings for its upcoming scooter within the first 24 hours of initiating the process

Ola opens bookings for its electric scooter at refundable price of Rs 499

Those who reserve early will get priority delivery

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