SEBI warns Ola Electric over disclosure violations
Jan 08, 2025, at 10:02 pm
Mumbai: The Securities and Exchange Board of India (SEBI) issued an administrative warning to Ola Electric Mobility for violating disclosure norms by announcing its expansion plans on social media before informing the stock exchanges.
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.
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 relaunches car-pooling service 4 years after its suspension
Aug 24, 2024, at 10:54 pm
Bengaluru/IBNS: Bengaluru-based transportation company Ola Consumer (formerly Ola Cabs) has officially relaunched its car-pooling feature 'Ola Share' on its app, after nearly four years of suspending the service due to Covid-19 protocols.
Ola Electric Mobility sees 20% valuation jump on motorcycle launch and battery plan
Aug 16, 2024, at 10:49 pm
India's leading e-scooter manufacturer, Ola Electric Mobility, saw its valuation soar by 20 percent on Friday, reaching Rs 58,664 crore ($6.99 billion), following the launch of its new motorcycle lineup and optimism about cost reductions through in-house battery production, media reports said.
Ola founder Bhavish Aggarwal's first Krutrim AI chips to be ready by 2026
Aug 16, 2024, at 05:18 am
Bengaluru: Krutrim, an AI startup founded by Ola Cabs co-founder and CEO Bhavish Aggarwal last December, announced on Thursday that it plans to design, develop, and launch its first AI chip by 2026, media reports said.
Ola Electric Mobility Q1FY25 loss widens to Rs 346 cr YoY
Aug 15, 2024, at 03:43 am
Bengaluru: Bhavish Aggarwal-led Ola Electric Mobility reported a year-on-year (YoY) increase in losses for Q1 FY25, reaching Rs 346 crore, compared to Rs 268 crore in Q1 FY24.
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 IPO: Bhavish Aggarwal-led company raises Rs 2,763 crore from QIPs
Aug 02, 2024, at 04:34 am
Mumbai: Ola Electric, India's largest electric two-wheeler manufacturer, allocated 364 million shares to anchor investors, raising Rs 2,763 crore, 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.
'Not India’s loss': Ola's Bhavish Aggarwal on Tesla's withdrawal from India
Jul 05, 2024, at 11:35 pm
Bengaluru: Tesla's decision to forgo investment in the Indian market represents a significant missed opportunity for the US-based company, not for India, according to Bhavish Aggarwal, CEO of Ola Cabs.
May 23, 2024, at 08:00 pm
Bengaluru/IBNS: Ola Group's founder and CEO Bhavish Aggarwal said on May 22 that the company has completed the shift of its entire workload to in-house artificial intelligence (AI) firm Krutrim, a week after cutting ties with its cloud service provider Microsoft Azure.
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.
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.
IPO-bound Ola raises USD 500 mln loan
Dec 18, 2021, at 03:21 am
Bangalore/IBNS: India's ride hailing company Ola secured a USD 500 million loan from international institutional investors to proliferate mobility across ride hailing, vehicle commerce, delivery with foods, quick commerce and financial services sectors.