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Ola Electric to bring new software for two-wheelers - The Economic Times
Economic Times
·
2d ago
Medial
Ola Electric plans to introduce MoveOS 6 software for its electric two-wheelers, incorporating AI features like an AI chatbot and voice assistant powered by Ola Krutrim. The announcement will occur during their annual 'Sankalp 2025' event at the Gigafactory in Tamil Nadu. The new software is expected to enhance convenience, safety, and security, continuing improvements from last year's MoveOS 5. A teaser video also highlights the upcoming Diamondhead motorcycle project.
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Related News
Ola Electric shares surge nearly 16%
YourStory
·
12m ago
Medial
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.
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Ola Electric introduces Ola Maps with upgraded EV software move OS 4
Inc42
·
1y ago
Medial
Ola Electric has commercially launched its in-house Ola Maps with the rollout of the Move OS 4 software platform for its electric two-wheelers. The upgraded software offers improved navigation with a faster search function and enhanced routing. Users can personalize their navigation experience by designating favorite locations and even locate their scooter through the Ola Electric app. Move OS 4 also introduces over 100 features and improvements, including Cruise Control and Hill Descent Control. Ola Electric recently filed for an IPO to raise over INR 5,500 Cr.
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Ola Electric files draft IPO papers, looks to raise Rs 5,500 crore via fresh share sale
Economic Times
·
1y ago
Medial
Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The IPO aims to raise funds to support the expansion of Ola Electric's EV fleet and infrastructure. Ola Electric is one of the leading players in the Indian EV market and plans to launch a range of electric vehicles, including electric two-wheelers, three-wheelers, and four-wheelers.
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Ola Electric To Unveil Portfolio Of Electric Bikes On Independence Day
Inc42
·
1y ago
Medial
Ola Electric has announced that it will launch a range of electric two-wheelers in India in the coming months. The initiative is part of their plan to transform India's two-wheeler market with sustainable options. Ola Electric has been developing an electric bike prototype and plans to integrate its batteries into the vehicles by early 2026. The company will unveil its portfolio of electric two-wheelers at an event called Sankalp, taking place at the Futurefactory in Tamil Nadu.
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Bhavish Aggarwal announces launch of Ola electric bike, says ‘it is going to be much bigger than…’: Watch video | Mint
Livemint
·
6m ago
Medial
Bhavish Aggarwal announced the launch of Ola electric bikes, set for February 5, alongside a video and photos of the bike. Ola Electric has seen significant growth, reclaiming market leadership in electric two-wheelers with 22,656 registrations in January, driven by its S1 portfolio and an expanded sales and service network. Ola also launched eight new scooter models under the S1 brand, priced from ₹79,999 to ₹1,69,999, enhancing performance and reliability.
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Why Ola’s Path To Green Mobility Is Full Of Twists And Turns
Inc42
·
1y ago
Medial
Ola Cabs, a major ride-hailing company in India, has been slow to make progress in transitioning to electric mobility and has faced increased competition in the EV segment. While Ola Electric, a subsidiary of Ola Cabs, was established in 2017, the company has yet to achieve any significant milestones in its quest for an electric fleet. In contrast, competitors like Uber India and other emerging players such as BluSmart and Evera Cabs have already deployed thousands of electric vehicles. Ola's past initiatives, such as "Mission: Electric," have not come to fruition, and the company's current CEO, Hemant Bakshi, has offered limited clarity on its green mobility plans. Nevertheless, Ola aims to expand its electric vehicle offerings beyond two-wheelers to include three-wheelers, cars, and e-buses. However, Ola Electric's timeline for new products may not align with Ola Cabs' ambitions. Ola Electric plans to launch electric auto-rickshaws in the coming months, which could be integrated into Ola Cabs' fleet. The company also intends to enter the electric car market eventually but may need to partner with fleet operators and other original equipment manufacturers in the meantime. Ola's focus on scaling up its electric two-wheeler ride-hailing vertical is driven by the belief that state governments are more likely to favor two-wheelers over traditional internal combustion engines. However, Ola faces competition from established players such as Yulu and Rapido, as well as Uber's emphasis on Uber Moto. Ola still has to overcome challenges such as unit economics and profitability while catching up with existing rivals.
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Ola Electric plans e-autorickshaw launch ahead of IPO
Economic Times
·
1y ago
Medial
Ola Electric is set to launch its electric autorickshaw, named Raahi, directly targeting consumers. The vehicle is expected to be unveiled this month and will compete with other electric three-wheelers from Mahindra, Piaggio, and Bajaj. This launch is part of Ola Electric's plan to enter the commercial vehicle market. The company has been working on the product for years and aims to make several announcements, including on the gigafactory, in the coming months. Ola Electric is the market leader in electric two-wheelers and plans to open its gigafactory by the end of the quarter.
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Bhavish Aggarwal-Led Ola Electric Eyes New Fundraising Round After IPO
OutlookIndia
·
2m ago
Medial
Ola Electric, led by Bhavish Aggarwal, is considering a new fundraising round as its stock and market cap decline. The board meeting on May 22 will discuss raising funds through non-convertible debentures or similar instruments. This would be Ola Electric's first capital raise since their IPO. Recently, they approved a Rs 199 crore capital infusion into Ola Cell Technologies. The company is also facing regulatory scrutiny for alleged deficiencies in their electric two-wheelers.
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Centre Rolls Out INR 500 Cr Scheme To Push For E-Mobility
Inc42
·
1y ago
Medial
The Indian government has announced a new Electric Mobility Promotion Scheme 2024, with an allocation of INR 500 Cr (approximately $67 million) to support the sales of electric two- and three-wheelers. The scheme aims to avoid disruption in the EV ecosystem as the current FAME-II scheme comes to an end. The new scheme will provide incentives for 3.37 Lakh electric two-wheelers, 41,306 electric three-wheelers, 13,590 e-rickshaws, and 25,238 L5 electric three-wheelers. This comes as a response to the industry demand for incentive schemes and to promote the adoption of electric vehicles in the country.
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Two-wheeler EV sales rise 12% as Ola Electric sees festive surge
Economic Times
·
1y ago
Medial
In October, sales of electric two-wheelers in India increased by 12%, with Ola Electric leading the market by capturing nearly one-third of the sales. Ola Electric sold 22,284 vehicles in October, while Ather Energy sold 8,025 vehicles. Overall, the sales of two-wheeler EVs for the month totaled 70,678 units. The government's transportation portal Vahan reported these figures, but Ola Electric claimed to have sold around 24,000 units during the same period. The sales surge can be attributed to strong demand during Navratri and Dussehra festivals.
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