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The Latest Breaking News from Bhavish Aggarwal

Ola Electric Mobility shares rally over 7%. What's boosting investor sentiment?

Ola Electric shares surged after the company signed an MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032. The partnership is the first major tie-up for Ola Mahashakti, its upcoming energy storage platform set to launch on August 15.

The Economic Times

Ola Electric files application to settle Sebi probe over false information allegations

Ola Electric and founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stock prices. The company seeks an amicable closure without admitting guilt, following Sebi's notice regarding discrepancies in service network expansion, sales figures, and electric motorcycle rollout timelines.

The Economic Times

Ola Electric shares fall nearly 4% as firm launches QIP to raise funds. Check floor price, other details

Ola Electric's shares dipped 3.5% after approving a qualified institutional placement (QIP) with a floor price of Rs 37.74 per equity share. The company aims to raise capital from institutional investors, while its Q4 net loss narrowed to Rs 500 crore. Despite revenue decline, Ola Electric anticipates order recovery and…

The Economic Times

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Electric two-wheeler sales cross 150,000 in May amid fuel price rise

The recovery comes after a 22% month-on-month fall in April from a record 192000 units in March, when automakers used aggressive discounts, cashback offers and financing schemes to close FY26 on a strong note.

The Economic Times

Ola Electric eyes commercial EV launch for gig workers amid quick commerce boom

Sources said the company received approval for the new vehicle in early February and is expected to launch the model in the coming quarters.

The Economic Times

Ola Electric set for sharp Q1 rebound as registrations cross Q4 levels

Ola Electric is witnessing a strong sales recovery, with current-quarter registrations already surpassing the previous quarter's total. The EV maker expects quarterly volumes to nearly double as demand rebounds, supported by a focus on disciplined growth, operational efficiency, and market expansion.

The Economic Times

Ola Electric eyes FY27 turnaround on surging demand, cost reset and margin gains

Ola Electric is set for a robust FY27. The company expects a significant rebound in sales and revenue. Margins are strengthening, and costs are under tight control. Ola is focusing on scaling operations efficiently. This strategic reset positions Ola Electric for improved cash flow and operating leverage in the coming…

The Economic Times

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Ola Electric Q4 loss narrows 42.5% to Rs 500 crore, CEO Aggarwal bets on volume recovery

The Bhavish Aggarwal-led company’s revenue from operations during the quarter declined 56.6% year-on-year (YoY) to Rs 265 crore from Rs 611 crore a year earlier, according to the company’s filing.

The Economic Times

Ola Electric infuses Rs 2000 crore in EV and cell manufacturing

Ola Electric Mobility has approved a Rs 2,000 crore investment into its EV and battery manufacturing subsidiaries to boost localisation and vertical integration. This capital infusion aims to strengthen its core EV business and scale up battery operations amid rising competition and profitability concerns.

The Economic Times

‘Buy this if you want to ruin your life’: The hapless Ola e-scooter buyers from Delhi

Last week, Ola shares plunged after an online spat between its CEO Bhavish Aggarwal and comedian Kunal Kamra over customer service issues with the company’s electric scooters.

Newslaundry

Ola Electric Might Launch a New EV Motorcycle, Way Sooner Than We Expected

Ola Electric is gearing up to launch its first ever electric motorcycle, expected to coincide with India’s Independence Day on August 15, 2024.

RideApart

Not 70, more like 140: Ola CEO Bhavish Aggarwal adds more fuel to Narayana Murthy debate

Murthy had recently suggested that young individuals should be willing to dedicate 70 hours a week to work for the betterment of the nation.

The Economic Times

Ola Electric Unveils Its First Four Motorcycles Ahead Of 2024 Release

Ola Electric made its name in the electric scooter space in India, but its sights have always been set on global expansion. Can these four bikes do the trick?

RideApart

Indian Mobility Startup Ola Electric Inches Closer To IPO

Ola Electric has its sights set on an IPO despite a few issues concerning management arising in recent times.

RideApart

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RideApart

Ola Electric To Open 100 More Experience Centers In January, 2023

Ola Electric founder and CEO Bhavish Aggarwal has announced the inauguration of 100 more Experience Centers by January 26, 2023.

RideApart

Ola Electric To Expand To Electric Motorcycles By 2023

Ola Electric is slated to release a new electric motorcycle by 2023 to add to its range of S1 electric scooters.

RideApart

Is Ola Going To Launch An Even Cheaper S1 Electric Scooter?

Ola Electric is expected to debut an entry-level offering in the e-scooter space that rivals the Honda Activa in terms of price.

RideApart

Ola Set To Debut Its "Greenest EV Ever Made" On August 15, 2022

Ola Electric CEO Bhavish Aggarwal recently took to Twitter to announce that the company would be launching its "greenest EV ever made."

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RideApart

Ola Electric Unveils Its First Indian-Made Lithium-Ion Battery

Indian electric mobility company Ola introduces its first locally made lithium-ion battery engineered specifically to withstand India’s harsh climate.

Benzinga

Indian EV Entrepreneur Adopts Elon Musk's Strategy: Devote More Time On Engineering And Leave Operations To Others

Following in the footsteps of Tesla Inc.

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