Ola Electric likely to lay off 500 employees amid financial struggles: Report
Nov 22, 2024, at 07:57 pm
Bengaluru/IBNS: Ola Electric, currently facing controversies, a government investigation, and rising losses, is reportedly preparing to lay off around 500 employees as part of a restructuring initiative, reports Inc42.
October witnesses jump in electronic two-wheeler sales; Ola, TVS, Bajaj top three performers
Nov 02, 2024, at 05:21 am
New Delhi: The domestic electric two-wheeler (E2W) market saw a nearly 54% month-on-month (MoM) growth in October, fuelled by discount offers, festive season promotions, price cuts, and the release of new variants by industry players, media reports said.
Oct 09, 2024, at 10:52 pm
Bengaluru: RPG Group Chairman Harsh Goenka took a jab at Ola CEO Bhavish Aggarwal on Tuesday, referencing the recent public spat between Aggarwal and comedian Kunal Kamra.
Ola Electric shares slip 6% following CCPA's show cause notice over surging consumer complaints
Oct 08, 2024, at 07:50 pm
Bengaluru/IBNS: Shares of Ola Electric Mobility dropped 6 percent on Tuesday (Oct. 8), hitting a day's low of Rs 85.21 on the BSE, after the Central Consumer Protection Authority (CCPA) issued a show-cause notice to the Bhavish Aggarwal-led EV company, raising concerns over the increasing number of consumer complaints.
Ola Electric shares slip over 9% amid spat between CEO Bhavish Aggarwal and comedian Kunal Kamra
Oct 07, 2024, at 08:25 pm
Bengaluru/IBNS: Shares of Ola Electric Mobility dropped by 9.4 percent to Rs 89.7 during Monday's (Oct. 7) intraday trading on the BSE, following a heated exchange between the company's CEO, Bhavish Aggarwal, and comedian Kunal Kamra on X (formerly Twitter).
Ola Electric shares jump 20% on second day of trading amid strong demand
Aug 12, 2024, at 06:05 pm
Mumbai/IBNS: Shares of recently listed Ola Electric Mobility jumped 20 percent to hit an upper circuit of Rs 109.44 apiece on Monday (August 12), extending gains for a second consecutive session.
Ola Electric IPO subscribed over 4 times on last day
Aug 07, 2024, at 04:37 am
Mumbai: Ola Electric Mobility's Initial Public Offering (IPO), valued at Rs 6,145.56 crore, was subscribed 4.26 times on its final day, falling short of market expectations, media reports said.
Ola Electric's IPO opens on August 2; price band announced: Check out details and insights
Jul 29, 2024, at 08:20 pm
Bengaluru: The initial public offering (IPO) of Ola Electric Mobility will open for subscription on August 2, with a price band set at Rs 72-76 per share. Investors are required to apply in lots of 195 equity shares or multiples thereof. The IPO, which will close on August 6, is expected to list the company's shares on both BSE and NSE on August 9. Here are the essential details:
IPO-bound Ola Electric suspends electric car project: Report
Jul 26, 2024, at 03:22 am
Bengaluru: India's IPO-bound Ola Electric has paused its plans to launch electric cars, choosing instead to concentrate on its e-scooter business, according to a Reuters report.
Ola Electric to install 10,000 fast charging points by next quarter
Feb 04, 2024, at 11:27 pm
Ola Electric has announced plans to ramp up its fast-charging network rapidly to 10,000 points by next quarter.
Ola Electric registers over 30k registrations in December
Jan 01, 2024, at 11:03 pm
Ola Electric on Monday announced that it recorded 30,219 registrations in December and captured a 40 per cent market share in the EV 2W segment (as per VAHAN Portal).
Ola Electric IPO likely by Oct end: Report
Sep 21, 2023, at 02:37 am
Mumbai: Ola Electric intends to submit regulatory documents for its IPO, which could raise up to $700 million, by the end of October, Reuters reported.
Ola's first electric car on track, likely to hot market in 2nd half of 2024
Feb 09, 2023, at 05:42 pm
Bengaluru: Electric-scooter maker Ola Electric Mobility Pvt. is moving ahead on its plan to deliver its first four-wheel vehicle in the second half of 2024, Bloomberg reported citing the company’s Chief Financial Officer G.R. Arun Kumar.
Ola lays off 200 employees across businesses in restructuring exercise: Reports
Jan 14, 2023, at 02:35 am
Bengaluru/IBNS: Soft Bank-backed ride-hailing and EV manufacturing company Ola has laid off around 200 employees, media reported.
Ola CEO Bhavish Aggarwal tore papers, punished employees: Report
Oct 20, 2022, at 12:22 am
Ola CEO Bhavish Aggarwal, who aims to be India's answer for ElonMusk with his cheap electric cars, has found himself in the midst of criticism, as a Bloomberg report said that many past and present employees have revealed his abrasive and unsparing behaviour which upset board members and managers.
Ola to invest $500 million to set up Battery Innovation Centre in Bengaluru
Jul 19, 2022, at 06:51 pm
Bengaluru: Ola Electric will invest $ 500 million to set up a Battery Innovation Centre in Bengaluru, the company said Monday.
e-scooter fires rare but may occur in future, says Ola Electric chief Bhavish Aggarwal: Report
May 11, 2022, at 04:25 pm
Ola Electric CEO Bhavish Aggarwal hasn't ruled out more fires in electric scooters in the future while adding that such incidents are very rare, according to media reports.
EV fire: Ola Electric to recall over 1,400 units
Apr 25, 2022, at 12:41 am
New Delhi: Ola Electric is recalling 1,441 units of its electric two-wheelers as the incidents of vehicles catching fire came to light, according to a company statement.
Ola Electric inducts former LG Chem Power CEO Prabhakar Patil onto its Board
Mar 17, 2022, at 12:25 am
Bengaluru, India: Ola Electric, India’s leading manufacturer of EVs, on Wednesday inducted onto its Board Dr. Prabhakar Patil, former Chief Executive Officer of LG Chem Power.
Ola Electric ropes in 35-year auto veteran Yongsung Kim to head Global Sales & Distribution
Apr 06, 2021, at 11:10 pm
New Delhi: Ola Electric on Tuesday announced the appointment of Yongsung Kim as Head of Global Sales & Distribution, overseeing India and international markets.
BVR Subbu joins board of Ola Electric
Nov 13, 2019, at 04:27 pm
Kolkata/UNI: Ola Electric Mobility Pvt Ltd (Ola Electric) today announced the appointment of BVR Subbu as a member of its Board of Directors.