🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Ola Electric: Cutting the noise and next steps
Livemint
·
9m ago
Medial
Ola Electric, an electric mobility company, has been facing challenges lately. Despite a strong stock market debut, the company's stock price took a hit due to rising consumer complaints about their e-scooters. Social media played a role in amplifying these complaints and putting pressure on the company. Ola Electric has also been issued a show cause notice by the Central Consumer Protection Authority for alleged violations. The company needs to address these issues, improve after-sales service, and regain customer trust to succeed in the competitive electric vehicle market.
View Source
Related News
Ola Electric’s subsidiary faces insolvency plea over payment dispute
Economic Times
·
4m ago
Medial
Rosmerta Digital Services filed an insolvency plea against Ola Electric's subsidiary over payment disputes. The petition claims non-payment for services, seeking a corporate insolvency resolution process. Ola Electric disputes the claim and plans legal challenges. The issue traces back to vendor renegotiations leading to reduced vehicle registration figures. Meanwhile, Ola Electric faces internal restructuring, financial losses, layoffs, and market share decline, but expects positive Ebitda next quarter amid cost-cutting efforts.
View Source
Ola’s Bhavish Aggarwal advocates for AI independence in India. Read here to know why
Livemint
·
11m ago
Medial
Ola founder Bhavish Aggarwal aims to establish India as a leader in artificial intelligence (AI) and electric vehicles (EVs). He plans to transform India into an AI hub through his venture, Krutrim, and expand Ola Electric's Li-ion cell production to 100 GWh in the next decade. Aggarwal envisions Ola Electric as a critical player in addressing global challenges like climate change, with a focus on the developing world. He aims to create India-focused products powered by cutting-edge battery technology. Additionally, Aggarwal wants to challenge the dominance of global tech giants by developing India's own AI technology infrastructure through Krutrim.
View Source
Empty vessels make more noise: Bhavish on MapMyIndia notice to Ola
Inshorts
·
11m ago
Medial
Ola CEO Bhavish Aggarwal commented on MapMyIndia's legal notice to Ola Electric for allegedly copying its data to build Ola Maps and said, "Empty vessels make more noise." "We have sent them a response. They haven't responded to that," he stated. "There is absolute opportunistic randomness in what they have done," he added.
View Source
Ola Electric Cuts Wait Time With 'Hyper Delivery' Service - Here's All You Need to Know
OutlookIndia
·
4m ago
Medial
Ola Electric has introduced a 'Hyper Delivery' service, aiming to streamline the registration and delivery of e-scooters on the same day. By implementing AI, the company automates most registration steps, eliminating middlemen. Currently piloting in Bengaluru, Ola plans to expand this initiative across India. The move follows controversies regarding discrepancies between reported sales and actual registrations. Ola has terminated contracts with two suppliers to resolve registration issues and improve efficiency.
View Source
IPO-bound Ola Electric gets PLI certification for its second scooter: Report
Livemint
·
1y ago
Medial
Ola Electric, the Indian electric vehicle manufacturer, has received the Domestic Value Addition (DVA) certification for its S1 Pro scooter. This is the second DVA certification for Ola Electric, making them eligible for various incentives under the Production-Linked Incentive (PLI) scheme for the next 5 years. Ola Electric is also planning an IPO to raise ₹5,500 crore. The funds will be used for expanding manufacturing capacity and research and development.
View Source
Ola Electric aims to file DRHP by next week for 2024 IPO
Economic Times
·
1y ago
Medial
Ola Electric is planning to file its draft red herring prospectus (DRHP) next week as it gears up for its Initial Public Offering (IPO) in 2024. The aim is to raise funds to support the expansion of its electric vehicle (EV) manufacturing facility and increase EV adoption across India. Ola Electric is a subsidiary of ride-hailing company Ola and focuses on the production and distribution of EVs.
View Source
SoftBank-backed Ola Electric says saving about $10 mn a month from cost-cut measures
VCCircle
·
4m ago
Medial
Ola Electric, backed by SoftBank, has implemented a cost-cutting program saving approximately 900 million rupees ($10.3 million) monthly. This comes after declining sales and increased scrutiny post its market debut. Despite wider recent losses due to discounts and service investments, the company expects operating expenses to reduce 40% by the first quarter. Ola Electric aims for an operational break-even, requiring monthly sales of 50,000 units, with January sales at 24,377 units.
View Source
Ola Electric to invest $100 million in gigafactory
Economic Times
·
1y ago
Medial
Ola Electric, an IPO-bound company, plans to invest $100 million in building its gigafactory for lithium-ion battery cells. The investment will be used for the initial phase of setting up 1.5 GWh of cell manufacturing capacity. Ola Electric aims to have its own battery cells in its electric scooters by next year, with plans to expand capacity to 5 GWh. The company recently received certification for the battery cells and is also working on solid-state batteries. Ola Electric will likely supply cells to other electric two-wheeler makers and renewable energy firms.
View Source
Ola Electric Expands Escooter Portfolio With S1X 4kWh, To Add 10K Charging Stations By June
Inc42
·
1y ago
Medial
Ola Electric, led by Bhavish Aggarwal, has introduced its new electric scooter, the S1X 4kWh, in an effort to strengthen its position in the Indian electric vehicle market. Priced at INR 1,09,999, the scooter has a range of 190 km on a single charge and a top speed of 90 km/h. Ola Electric is also expanding its service network and plans to have 600 service centers across India by April. The company aims to rapidly ramp up its fast-charging network to 10,000 points by the next quarter. Ola Electric recently filed its draft red herring prospectus (DRHP) for its upcoming IPO.
View Source
Ola Electric To Roll Out Its Products On ONDC Next Week
Inc42
·
11m ago
Medial
Ola Electric CEO Bhavish Aggarwal announced that all Ola Electric products will be available on the Open Network for Digital Commerce (ONDC) starting from next week. Aggarwal expressed his enthusiasm for ONDC, referring to it as the "UPI moment for e-commerce." This partnership is not the first between Aggarwal and the ONDC network.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
