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 Co-Founder and CEO Bhavish Aggarwal has announced restarting the operation of electric bike taxis from Saturday.
Mumbai: Ola, owned by ANI Technologies reported a substantial increase in consolidated revenue to Rs 1,970.42 crore in Q1FY24, marking a nearly 100 percent year-on-year (YoY) growth, Moneycontrol reported citing a filing with the Registrar of Companies (RoC).
Mumbai/IBNS: Cab aggregator Ola has put a hold on its IPO owing to the turbulent market situation, Ola Cabs Co-Founder and CEO said on Saturday, adding that the company is planning to announce it the next year.
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.
Bengaluru/IBNS: Soft Bank-backed ride-hailing and EV manufacturing company Ola has laid off around 200 employees, media reported.
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 is likely to lay off 200 employees across its software teams, especially those working for the work related to its app, media reports said.
Ola and Uber are mulling a merger of their operations in India, media reports said adding that Ola co-founder and CEO Bhavish Aggarwal met Uber's top officials in San Francisco, US.
Bengaluru: Ola Electric will invest $ 500 million to set up a Battery Innovation Centre in Bengaluru, the company said Monday.
Mumbai: The Reserve Bank of India (RBI) slapped a Rs 1.67 crore fine on Ola Financial Services Ltd, the financial arm of app-based ride-hailing firm Ola, for non-compliance with its prepaid payment instrument (PPI) and know-your-customer (KYC) guidelines.
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.
Mumbai/IBNS: After a delay of two months, Ola is set to begin the delivery of its electric scooters from Wednesday, media reports said.
New Delhi: Mobility platform Ola has announced key leadership appointments across Ola Financial Services, Ola Cars, and Ola Electric.
Bengaluru/IBNS: Cab hailing company, Ola, is set to launch a public offer in early 2022 with the aim to raise at least $1.5-2 billion at a valuation of $12-14 billion, a report in The Economic Times said.