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IPO-Bound Ola Electric Misses FY23 Revenue Goal, Posts Operating Loss Of $136 Mn

The Bhavish Aggarwal-led startup, Ola Electric, which was targeting a revenue of $1 Bn in FY23, posted a revenue of $335 Mn in the year

Andhra pradeshTamil naduKerala thiruvananthapuramAther energyBhavish aggarwal ledOla electric

Ola EV Fire In Kerala: Police Launches Probe After FIR

In yet another incident of electric vehicle (EV) fire, an Ola scooter burst into flames in Kerala’s Thiruvananthapuram district last week.

Kerala thiruvananthapuramNedumangad police stationEconomic timesOla electricMadhya pradeshBhavish aggarwal led

Ola Expands No-Cancellation Prime Plus Service To All Customers In Bengaluru

Ola Expands No-Cancellation Prime Plus Service To All Customers In Bengaluru
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Vanguard groupOla financial servicesPrime plusPrime pluBhavish aggarwal ledOla cabsOla electric

Two-Wheeler EV Registrations Hit A 12-Month Low At 45,734 Units In June

In line with the FAME-II subsidy cuts and the subsequent EV price hike, electric two-wheeler registrations fell 56% MoM in June 2023

Ravneet singh phokelaPiyush goyalBajaj autoAther energySimple energySociety of manufacturers electric vehiclesDrop sharplyOla electricHero electricOkinawa autotechHero motocorpBhavish aggarwal ledGreaves electric mobilityElectric vehiclesIndustry piyush goyal

E2W sales tank 60% to 42,124 units in June as prices surge

The price of an E2W has gone up by 15-20 percent as most manufacturers have upped prices, impacting sales. But if manufacturers pass on benefits resulting from lower battery costs following a moderation in lithium prices, then demand for E2Ws may rebound

Madhya pradeshAndhra pradeshRohan kanwar guptaAnuj sethiMotor companyBajaj autoAther energyMinistry of heavy industriesHeavy industriesVice presidentSector headOla electricHero electricBhavish aggarwal ledOkinawa autotechSenior director

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