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

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Ola Electric Shares Fall Nearly 8% To Hit Fresh Low

Inc42 · 9m ago

Ola Electric Shares Fall Nearly 8% To Hit Fresh Low

Ola Electric's shares continued to decline, reaching a new record low at INR 74.23, a decrease of 7.90%. This represents a significant drop of 53.22% from its peak price of INR 157.53 in August 2024. Ola Electric's market capitalization has also fallen to approximately $3.89 billion.

Related News

Ola Electric Slips Below INR 100 Mark Amid Broader Market Crash

Inc42 · 10m ago

Ola Electric Slips Below INR 100 Mark Amid Broader Market Crash

Shares of Ola Electric, a major player in the emobility sector, dropped over 4% in early trading, falling below INR 100. The stock hit a low of INR 97.85 before recovering slightly to close at INR 99.70. This decline was in line with the broader market, as both Sensex and Nifty 50 experienced their worst day in nearly two months due to a sell-off in domestic stocks.

Ola Electric IPO: Founder Bhavish Aggarwal to sell 47.4 million shares

Livemint

Livemint · 1y ago

Ola Electric IPO: Founder Bhavish Aggarwal to sell 47.4 million shares

Bhavish Aggarwal, the founder of Ola Electric, plans to sell around 47.4 million shares in the e-scooter maker. Ola Electric has filed preliminary draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO includes a fresh equity share release of up to ₹5,500 crore and an offer for sale of 95,191,195 equity shares. The company aims for a valuation of $7-8 billion by early 2024. The funds raised will be used for various purposes, including a Gigafactory project and research and development investments.

Ola Electric Hits 20% Upper Circuit After Venturing Into E-Bike Space

Inc42 · 11m ago

Ola Electric Hits 20% Upper Circuit After Venturing Into E-Bike Space

Ola Electric's shares surged by nearly 20% to reach a 52-week high of INR 132.76 after unveiling its electric motorcycle portfolio 'The Roadster Series'. This comes as new players like Ultraviolette, EMotorad, Motovolt, and Toutche Electric enter the electric bike market. At 12:07 PM, Ola Electric shares were trading at INR 129.03.

Ola Electric Teases Launch Of Electric Bike On August 15

Inc42 · 12m ago

Ola Electric Teases Launch Of Electric Bike On August 15

EV startup, Ola Electric, hinted at the launch of an electric bike during its annual event on August 15. In a video shared on social media, the company teased the rough sketch and silhouette of the upcoming ebike model. Recently, shares of Ola Electric listed on exchanges, and after a lukewarm start, jumped 20% to hit the upper circuit.

Ola Electric hits fresh all-time low at ₹50.81 on Tuesday

Inshorts · 4m ago

Ola Electric hits fresh all-time low at ₹50.81 on Tuesday

Shares of Ola Electric fell for the third straight session on Tuesday, dipping as much as 5.5% to reach an all-time low at ₹50.81 on the BSE. The stock was trading at ₹51.41, down 4.4% from the previous close of ₹53.80. Ola Electric market capitalisation stood at ₹22,693.72 crore.

Ola Electric shares rally 20% to touch fresh high

Inshorts · 12m ago

Ola Electric shares rally 20% to touch fresh high

After flat market debut last week, Ola Electric’s shares have continued to rally. On Monday (August 12), the shares of Ola Electric touched a fresh high of INR 109.41 on BSE, 20% higher compared to its previous close. The total market cap of the company stands at INR 48,258.89 Cr for the day.

Bhavish Aggarwal paid $2.3M to top up collateral as Ola Electric shares slid: Report

YourStory

YourStory · 2m ago

Bhavish Aggarwal paid $2.3M to top up collateral as Ola Electric shares slid: Report

Ola Electric's founder Bhavish Aggarwal infused $2.3 million to strengthen collateral for borrowings against EV-maker shares. He raised Rs 250 crore for Krutrim AI by pledging Ola Electric equity. Despite a 43% share value drop, the shares remain over twice the loan amount's value. Aggarwal had pledged 8% of his 30% stake. Avendus, InCred, and Modulus lent funds for bonds backed by Ola shares. Recent share transactions involved Hyundai and Kia Corporation.

Ola Electric Hits Fresh All-Time Low Amid Broader Market Slump

Inc42 · 1m ago

Ola Electric Hits Fresh All-Time Low Amid Broader Market Slump

Shares of Ola Electric fell to a new all-time low of INR 43.15 on the BSE, slipping 6.3% today amid broader market declines and negative sentiments regarding geopolitical tensions. The stock slightly regained ground to close 5.93% lower at INR 43.32. This downturn continues a losing trend for Ola Electric, which also saw a 1.9% drop the previous week. The company's shares are part of a larger slump amid global uncertainty.

Fair value of SoftBank’s India investment across Vision Funds up 9% at $14 billion

Economic Times

Economic Times · 1y ago

Fair value of SoftBank’s India investment across Vision Funds up 9% at $14 billion

SoftBank's India investment portfolio, including Vision Fund I and II, has a fair value of nearly $14 billion, a 9% increase as of December 2023. Flipkart is among its top 15 most valued companies. SoftBank achieved a net profit of over $6 billion for the quarter ending in December. SoftBank is bullish about the Indian market and expects IPOs from portfolio companies such as FirstCry and Ola Electric. Venture funding dropped by 60% in 2023, although SoftBank's portfolio companies raised $8 billion in fresh capital. Investment activity is expected to pick up in 2024.

Post-listing, SoftBank’s holdings in Ola Electric, FirstCry, Unicommerce worth an eye-popping $2 billion

Economic Times

Economic Times · 12m ago

Post-listing, SoftBank’s holdings in Ola Electric, FirstCry, Unicommerce worth an eye-popping $2 billion

SoftBank's stakes in Ola Electric, FirstCry, and Unicommerce have soared in value to nearly $2 billion, thanks to their post-listing gains. SoftBank has already realized around $400 million in secondary stake sales. The firm's investments in FirstCry and Ola Electric have paid off, with FirstCry's market capitalization exceeding Rs 35,000 crore, and Ola Electric's shares surging 71% since its listing. SoftBank's stake in FirstCry is now valued at over Rs 7,000 crore, while its stake in Ola Electric is worth more than Rs 8,500 crore. The investor has fully exited its holdings in Paytm, Zomato, Policybazaar, and Delhivery.

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...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

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.