Ola Electric | Exclusive News

Ola to unveil Gen 3 electric scooter this week

29Jan

By editor3No Comments

Ola to unveil Gen 3 electric scooter this week

New Delhi, January 29, 2025.Ola Founder Bhavish Aggarwal on Wednesday said electric scooter based on Gen 3 platform will be unveiled later this week."Ringing the 'Next Level' with @OlaElectric Gen 3 scooters! We've significantly surpassed Gen 2 products in every way -- much higher performance, more features, great design! And a surprise to change the industry all over again," he stated on X.The Bengaluru-based Ola Electric will unveil the product range on January 31.

Ola Electric expands network to 4,000 stores pan-India

25Dec

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Business News, Feature

Ola Electric expands network to 4,000 stores pan-India

New Delhi, December 25, 2024.Ola Electric on Wednesday said it has expanded its network to 4,000 stores nationwide, a four-fold increase from its existing network.The company has opened over 3,200 new stores co-located with service facilities.The expansion spans beyond metros and Tier I and II cities into smaller towns and tehsils, Ola Electric said in a statement.

Ola Electric cuts 500 jobs across verticals

22Nov

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Feature, National News

Ola Electric cuts 500 jobs across verticals

New Delhi, November 22, 2024.Ola Electric Mobility is cutting 500 jobs across verticals and levels as part of a restructuring exercise, according to people aware of the development.The company, which has come under the scanner for its poor aftersales service recently, had started the job cut in the September quarter.“It has been going on for some time now, starting around July. It has been a gradual process of removing redundant roles across verticals and levels,” said a source.

Ola announces offers up to Rs 15,000 on S1 portfolio

21Jun

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Automobile News, Business News, Feature, National News

Ola announces offers up to Rs 15,000 on S1 portfolio

New Delhi, June 21, 2024.Ola Electric today announced offers of up to Rs 15,000 on its S1 portfolio as part of its 'Ola Electric Rush' campaign. Effective till June 26, the offers include a flat discount of Rs 5,000 on S1 X+ coupled with a cashback of up to Rs 5,000 on credit card EMIs, and an exchange bonus of up to Rs 5,000 (only on credit card EMIs).The customers can avail cashback of up to Rs 5,000 on loans from select banks on the purchase of the Ola S1 X+.Additionally, the customers purchasing the S1 Pro and S1 Air will get a free Ola Care+ subscription worth Rs 2,999 with free services, including annual comprehensive diagnosis, service pickup and drop, consumables, theft and roadside assistance. They can get a cashback of up to Rs 5,000 on select credit card EMIs for the...

9Jan

By editor3No Comments

Automobile News, Business News, Feature, National News

Ola Electric will provide 25,000 jobs

Jaipur, January 2024.Ola Electric's new EV manufacturing unit under construction in Krishnagiri district of Tamil Nadu will provide employment to about 25,000 people after running on full scale. Company's co-founder and CEO Bhavish Aggarwal gave this information at the Tamil Nadu Global Investors Meet.Bhavish said, 'Apart from manufacturing capacity, this EV hub spread over 2000 acres will also have vendor and supplier network. Together we will make Tamil Nadu and India the global epicenter of EV.Bhavish said that this will be India's first gigafactory. When it starts running on full scale, it is expected that about 1 crore two-wheelers will be manufactured here every year. In January last year, Ola Electric had signed an MOU with the Tamil Nadu government to invest ₹7,000 cror...

Ola Electric plans to deploy Rs 1,226.43 cr of IPO

26Dec

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Business News, Feature, National News

Ola Electric plans to deploy Rs 1,226.43 cr of IPO

New Delhi, December 26, 2023.IPO-bound Ola Electric Mobility Ltd plans to utilise Rs 1,226.43 crore out of the proceeds of its Rs 5,500-crore public issue on capacity expansion of its cell manufacturing plant to 6.4 GWh from 5 GWh, according to preliminary papers filed by the company with capital markets regulator Sebi.The company, which had filed the draft red herring prospectus (DRHP) last week is also looking to use Rs 1,600 crore from the public fund raising on research and product development, while another Rs 800 crore will be deployed to repay debt.Ola Electric Mobility (OEM) which had on August 15, 2023 announced a line-up of electric motorcycles -- Cruiser, Adventure, Roadster and Diamondhead -- expects to begin delivery of the motorcycles in the first half of fiscal 2026.