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Ola Electric launches electric motorcycles, to integrate own cells in EVs

Economic Times

Economic Times · 1y ago

Ola Electric launches electric motorcycles, to integrate own cells in EVs

Ola Electric has unveiled three electric motorcycles - Roadster, Roadster X, and Roadster Pro, with prices starting from Rs 74,999. Deliveries for the Roadster and Roadster X will begin in January 2025, while the Roadster Pro will be available during Diwali 2025. Ola Electric also teased two upcoming motorcycles, Sportster and Arrowhead. The company aims to accelerate electric vehicle adoption in India's two-wheeler market. Ola Consumer plans to revolutionize warehousing through partnerships with FMCG and D2C brands for efficient and automated operations.

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Ola Electric to invest $100 million in gigafactory

Economic Times

Economic Times · 1y ago

Ola Electric to invest $100 million in gigafactory

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.

Ola Electric launches Roadster X series, deliveries to begin mid-March

YourStory

YourStory · 6m ago

Ola Electric launches Roadster X series, deliveries to begin mid-March

Ola Electric, led by Bhavish Aggarwal, has begun pre-orders for its electric motorcycles, Roadster X series, with deliveries starting mid-March. The Roadster X+ 9.1kWh variant includes the 4680 Bharat Cell. These motorcycles reflect Ola's commitment to deepening the EV revolution in India, following their successful electric scooters. Available in various kWh models, prices range from ₹74,999 to ₹1,54,999. Aggarwal emphasized customer safety and faster electrification of motorcycles.

Ola Electric expects to use in-house batteries in its products from early 2025

Livemint

Livemint · 1y ago

Ola Electric expects to use in-house batteries in its products from early 2025

Ola Electric, led by Bhavish Agarwal, plans to use its own in-house battery cells for its electric vehicles by early next year. The company aims to improve profitability and has already started the battery production process. The cells, called 4680, offer nearly five times more energy than average batteries and have received certification for quality and safety. The cells will be manufactured in Ola's Gigafactory and used for the production of electric two-wheelers and other components. Ola Electric has also received approval from the markets regulator to raise funds through an IPO.

Royal Enfield launches electric bike segment

YourStory

YourStory · 9m ago

Royal Enfield launches electric bike segment

Royal Enfield has unveiled its first electric bike under a new brand, Flying Flea, which is expected to be available in 2026. The two models introduced are the classic-styled Flying Flea C6 and the scrambler-styled Flying Flea S6. Royal Enfield plans to introduce more electric vehicles in the coming years and will produce battery packs and motors in-house, while sourcing battery cells externally. The company has invested in an EV manufacturing plant in Chennai and has a dedicated team for developing electric motorcycles. Royal Enfield currently dominates the global middle-weight bike segment.

Ola Electric sees record registrations in March; ends FY24 with 115% growth on year

Economic Times

Economic Times · 1y ago

Ola Electric sees record registrations in March; ends FY24 with 115% growth on year

Electric scooter manufacturer Ola Electric has announced a record-breaking 53,000 registrations in March, marking its highest monthly volumes for the fifth consecutive month. The company remains a market leader with 328,785 units registered in FY24, more than double the volumes of the previous fiscal year. Ola Electric is heading for an IPO and has raised significant funding through non-convertible debentures and debt financing. The company is also expanding its product offerings, including launching an electric autorickshaw and working towards manufacturing its own battery cells.

IPO-Bound Ola Electric In Discussions With Kaynes Tech’s Arm To Make Chips For Its EVs

Inc42 · 1y ago

IPO-Bound Ola Electric In Discussions With Kaynes Tech’s Arm To Make Chips For Its EVs

Mysuru-based Kaynes Semicon, the semiconductor arm of Kaynes Technology, is reportedly in talks with Ola Electric to manufacture chips for its electric vehicles (EVs) based on its own design. Currently, Ola Electric sources its chips from US chip designer Qualcomm. If the deal is finalized, Kaynes would assemble and process imported wafers to manufacture the chips. Ola Electric CEO Bhavish Aggarwal is actively looking to reduce dependencies on foreign entities for his businesses. This move comes as India's domestic semiconductor space is heating up, with significant investments being made in the sector.

Ola's Battery Unit Gets IFCI Notice for Missing PLI Targets: Will It Pay Penalty Now?

OutlookIndia

OutlookIndia · 5m ago

Ola's Battery Unit Gets IFCI Notice for Missing PLI Targets: Will It Pay Penalty Now?

Ola Cell Technologies, a unit of Ola Electric Mobility, received a notice from IFCI for not meeting the Production Linked Incentive (PLI) Advanced Chemistry Cell (ACC) scheme targets. IFCI highlighted a missed milestone under this scheme. As a result, Ola Electric faces a daily penalty, impacting its eligibility for incentives. Ola Electric has begun trial production and aims to become the first to manufacture lithium-ion cells in India under this scheme.

Ola Electric shares surge nearly 16%

YourStory

YourStory · 1y ago

Ola Electric shares surge nearly 16%

Shares of Ola Electric Mobility surged nearly 16% after the company announced its entry into the electric motorcycle segment with the launch of three models. The stock price jumped to Rs 128.09 on the BSE. Ola Electric Mobility reported a jump in revenue for the April-June quarter and announced partnerships and new ventures. Ola plans to bring its indigenously designed and developed family of chips for AI and general computing to the market by 2026. The company also showcased its new Gen-3 platform for two-wheelers and plans to integrate its own batteries with its vehicles from Q1 FY26.

Ola Electric plans to move to ferrite magnet motor amid rare earth crisis; rolls out sports scooter line

YourStory

YourStory · 12d ago

Ola Electric plans to move to ferrite magnet motor amid rare earth crisis; rolls out sports scooter line

Ola Electric is developing an in-house ferrite magnet motor to reduce reliance on imports and has launched a sports scooter lineup, alongside an AI-powered platform, MoveOS 6. It plans to roll out Bharat cell variants and integrate India’s first indigenously developed lithium-ion 4680 cells in its vehicles. The company aims to boost sales by introducing discounts and new variants, transitioning to a new Gen 4 platform, and preparing for an advanced bike prototype slated for 2027.

Ola’s Bhavish Aggarwal advocates for AI independence in India. Read here to know why

Livemint

Livemint · 11m ago

Ola’s Bhavish Aggarwal advocates for AI independence in India. Read here to know why

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.

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