🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Ola Electric slapped with show cause notice over consumer complaints and service deficiencies

Economic TimesEconomic Times · 9m ago
Ola Electric slapped with show cause notice over consumer complaints and service deficiencies
Medial

1. The Central Consumer Protection Authority (CCPA) has issued a showcause notice to Ola Electric, citing violations of the Consumer Protection Act. 2. The National Consumer Helpline has recorded over 10,000 complaints against Ola e-scooters, including issues related to service delays, delivery delays, and unfulfilled promised services. 3. Complaints against Ola Electric include allegations of manufacturing defects, sales of second-hand vehicles, incomplete refunds, recurring issues post-servicing, overcharging, inaccurate billing, and multiple battery and component problems. 4. Nidhi Khare, Secretary of the Department of Consumer Affairs, expressed concern over the large number of complaints and called for prompt resolution from Ola Electric. 5. Ola Electric's stock price has declined by nearly 9% following the showcause notice, and public criticism has been observed, including a dispute between comedian Kunal Kamra and Ola founder Bhavish Aggarwal. 6. Ola Electric reported a consolidated net loss of INR 347 crore in the first quarter of fiscal year 2025, despite a year-on-year growth in revenue from operations.

Ola Electric subsidiary resolves insolvency dispute with Rosmerta Group

EntrackrEntrackr · 3m ago
Ola Electric subsidiary resolves insolvency dispute with Rosmerta Group
Medial

Ola Electric subsidiary resolves insolvency dispute with Rosmerta Group The dispute began when the Rosmerta Group filed insolvency petitions on March 16 under Section 9 of the Insolvency and Bankruptcy Code. Ola Electric Mobility Limited has settled a legal issue involving its subsidiary, Ola Electric Technologies Private Limited, and its vehicle registration service provider, Rosmerta Digital Services Ltd. In a recent update to the National Stock Exchange (NSE) and BSE, Ola Electric said that all outstanding payments have been cleared. As part of the agreement, Rosmerta has asked the National Company Law Tribunal (NCLT) in Bengaluru to withdraw the case. Ola Electric also stated that there are no further disagreements between the two parties and reaffirmed its commitment to strong business partnerships and the timely resolution of any future issues. "With the receipt of INR 26,75,24,339/- which consists of the entire claim raised before NCLT, Rosmerta Group companies are withdrawing its petitions before the NCLT, Bengaluru," said a Rosmerta Digital spokesperson. "No further causes of action exist between Rosmerta Group and Ola Electric, whose relationship shall now be governed by the Settlement Agreement executed between them." The dispute began when the Rosmerta Group filed insolvency petitions on March 16 under Section 9 of the Insolvency and Bankruptcy Code. The petition was filed with the NCLT Bengaluru Bench, claiming that Ola Electric Technologies Pvt Ltd had not paid for services provided by the creditor. It requested the court to start insolvency proceedings against the company. Last month, Ola Electric said it sold over 25,000 electric two-wheelers in February 2025, maintaining its 28% market share in the segment. However, the sales numbers on Vahan — a government database managed by the Ministry of Road Transport and Highways — did not match the company’s claim. Ola Electric clarified that the mismatch was due to ongoing negotiations with its vehicle registration vendors. The company said the backlog caused by the data mismatch has been cleared, but the government has requested more information on the matter.

‘Opportunistic’, Bhavish Aggarwal on MapMyIndia’s legal notice

EntrackrEntrackr · 11m ago
‘Opportunistic’, Bhavish Aggarwal on MapMyIndia’s legal notice
Medial

Ola Electric founder Bhavish Aggarwal has responded to the recent controversies surrounding its mapping solution, and the legal notice from MapMyIndia. “It is opportunistic of MapMyIndia; there are opportunistic players everywhere. We will respond to them at the right time,” Aggarwal is quoted as saying by MoneyControl. Earlier this month, the Bengaluru-based firm launched Ola Maps as an alternative to Google Maps. The firm also shifted its operations to its in-house mapping service by transitioning from Google Maps. CE Info Systems, the parent company of MapMyIndia, sent a legal notice to Ola Electric for allegedly copying the former’s data. In the legal notice, MapMyIndia claimed that Ola Electric breached the license agreement. In 2022, Ola Electric onboarded MapMyIndia to offer navigation services for its S1 Pro electric scooter. As per MapMyIndia, Ola was prohibited from co-mingling the licensed product with another similar competing product and indulging in any reverse engineering or making any attempt to extract/ copy the source code from any API of the licensed product or any related software. MapMyIndia alleged that Ola Maps cached, saved its data which is a violation of the licensing agreement signed in 2021. The Delhi-based firm also added that it will initiate appropriate legal action, both civil as well as criminal, against Ola Electric. Ola, however, refuted the allegations made by MapMyIndia. “…We would like to state unequivocally that these allegations are false, malicious and misleading. Ola Electric stands by the integrity of its business practices. We will suitably respond to the notice shortly,” an Ola Electric spokesperson had said. Separately, Ola Electric is also set for the stock market debut on August 2. On the upcoming IPO, Aggarwal said, “We wanted to ensure that the pricing was set at a level that would generate significant excitement among investors.” Last week, media reports suggested that Ola is going to drop down its plan for car production. However, Aggarwal clarified that the firm did not confirm or deny plans to pause car production.

Download the medial app to read full posts, comements and news.