Ola Electric’s Q3FY25 net loss widens to Rs 564 cr; revenue declines 19%
Feb 07, 2025, at 11:32 pm
Bengaluru: Ola Electric Mobility reported a net loss of Rs 564 crore for the third quarter of FY25, widening from Rs 376 crore in the same period last year, Mint reported.
Govt probes Ola and Uber over alleged fare discrimination based on mobile devices
Jan 23, 2025, at 05:39 pm
New Delhi: The Ministry of Consumer Affairs on Thursday issued notices to Ola and Uber, seeking explanations regarding allegations of differential pricing based on the type of mobile device used to book rides, media reports said.
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 expands service nationwide by more than 30%
Oct 31, 2024, at 02:23 am
Bengaluru: Ola Electric, India’s largest e-scooter manufacturer, has boosted service centre capacity nationwide by more than 30% to improve its after-sales service, 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 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 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 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.
Ola Electric IPO likely in August; company aims to raise $740 million
Jul 24, 2024, at 11:12 pm
Bengaluru: Ola Electric, led by Bhavish Aggarwal and backed by Japanese investment giant Softbank, is preparing to launch its highly anticipated initial public offering (IPO) as early as the first half of August, according to multiple industry sources cited by Moneycontrol.
Ola Cabs exits Google Maps, moves to in-house navigation platform Ola Maps
Jul 06, 2024, at 07:56 pm
Bengaluru/IBNS: Bengaluru-based ride-hailing cab aggregator, Ola, has announced a significant shift in its operations by fully transitioning from Google Maps to its in-house navigation platform, Ola Maps, on Friday (July 5).
'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 Cabs IPO likely on the cards to raise $500 million: Report
Apr 20, 2024, at 05:28 am
Mumbai: Indian ride-hailing company Ola Cabs is gearing up for an Initial Public Offering (IPO) to secure $500 million with a company valuation of approximately $5 billion, media reports said.
Ola Cabs withdraws international operations to focus on Indian market
Apr 11, 2024, at 03:34 am
Bengaluru: Ride-hailing company Ola Cabs is withdrawing from its international operations, including the United Kingdom, Australia, and New Zealand, to concentrate on expanding its electric vehicle (EV) fleet and strengthening its presence in the Indian market.
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 begins bike taxi services in Bengaluru
Sep 16, 2023, at 10:27 pm
Ola Co-Founder and CEO Bhavish Aggarwal has announced restarting the operation of electric bike taxis from Saturday.
Ola reports Rs 1,970.42 cr consolidated revenue in Q1FY24; loss widens 32% YoY to Rs Rs 1,522 cr
Aug 10, 2023, at 06:35 am
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).
Ola likely to launch IPO in 2024
Feb 26, 2023, at 06:50 am
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.
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.