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Ola Electric To Unveil Portfolio Of Electric Bikes On Independence Day
Startup News FYI
·
11m ago
Medial
Besides, the listed startup also announced that it will integrate its batteries into the vehicles by Q1 FY26 The portfolio launch will be a part of Ola Electric’s event called Sankalp tomorrow at the Futurefactory, Krishnagiri in Tamil Nadu. It is pertinent to note that Ola Electric has been working on a prototype of an electric bike for quite some time.
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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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Ola drawing up a route map to join quick commerce party
Economic Times
·
1y ago
Medial
As Ola Electric gears up for its upcoming public listing, Ola Cabs founder Bhavish Aggarwal is focusing on expanding the company's presence in the quick commerce sector. Ola plans to establish its own dark stores, small neighborhood warehouses stocked with products for rapid deliveries. These dark stores will be operated by Ola and will utilize automation, including the deployment of robots. Ola also intends to launch its own Unified Payments Interface (UPI) offering for consumers. The company is expected to announce these initiatives at its annual Independence Day event on August 15.
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Rapido launches 'Bike Pink' service in Chennai for women bike captains, riders
IndianStartupNews
·
1y ago
Medial
Bike taxi aggregator Rapido has introduced a new service called 'Bike Pink' in Chennai to empower women riders and captains, offering employment opportunities. In the initial phase, 25 electric bikes will be provided to women captains facing financial difficulties. Rapido plans to train women captains in safety and driving skills through NGO partnerships. Over 100 active female captains are currently in Chennai, with a goal of onboarding more than 500 in the next three months. The service aims to enable women to earn between Rs. 800 to Rs. 1000 per day, promoting economic independence.
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Subscription Model For Ola Drivers To Avail Zero Commission
Inc42
·
1m ago
Medial
Ola has introduced a zero commission model for drivers, requiring them to pay a monthly fee of INR 2,010, or INR 67 per day, through a 30-day subscription pass. This model is available nationwide and applies to all types of bookings including cabs, autos, and bikes. This move places Ola alongside companies like Rapido and Namma Yatri, which have also implemented similar zero commission schemes for their drivers.
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Ola Electric Zooms On The Bourses Amid A Mixed Week For New-Age Tech Stocks
Inc42
·
11m ago
Medial
Ola Electric saw a significant increase in its shares by 45.59% after reporting its Q1 numbers and launching electric bikes. Meanwhile, TBO Tek faced a decline of 9.23% in its shares. Unicommerce and FirstCry made their market debuts, both with a premium to their issue price.
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Ola Electric’s February sales included models that were not rolled out at the time
YourStory
·
4m ago
Medial
In February, Ola Electric included unreleased e-scooter models and the yet-to-launch Roadster X motorcycles in its sales figures, reporting 10,866 e-scooters and 1,395 bikes as part of 25,207 orders. The Ministry of Road Transportation and Highways asked for clarification on this discrepancy, as the Vahan portal showed only 8,390 units sold. Ola claims the figures are based on full payment from customers. Regulatory scrutiny followed due to these inconsistencies.
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Acer enters India's electric scooter market with ebike priced at Rs 99,999
Economic Times
·
1y ago
Medial
Taiwanese company Acer has entered India's electric scooter market by partnering with urban mobility startup Think Ebikego. Acer unveiled its first electric scooter, MUVI 125 4G, priced at Rs 99,999. The scooter can be customized for B2B use cases like hyperlocal food or grocery delivery. It qualifies for government subsidies and features swappable batteries. Acer will face competition from startups like Ola Electric and Ather Energy, along with established companies like Hero Electric and TVS. Ola Electric recently launched new scooters and plans to introduce electric bikes by 2024.
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Ola Electric captures over 52 per cent market share
Thehindubusinessline
·
1y ago
Medial
Ola Electric has captured a significant 52% market share in the electric two-wheeler segment in April 2024. The company registered 34,000 new vehicle registrations during the month, with a year-on-year growth of 54%. Recently, Ola Electric introduced new pricing for its S1 X scooter portfolio, offering three battery configurations at different price points. The company also offers an extended eight-year/80,000 km battery warranty to encourage EV adoption. Ola Electric aims to further expand its presence in the mass-market 2W EV segment with the impending deliveries of its S1 X portfolio.
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CCPA seeks additional details from Ola Electric
Economic Times
·
8m ago
Medial
The Central Consumer Protection Authority (CCPA) has requested additional documents and information from Ola Electric in relation to a show cause notice it had previously issued. Ola Electric has 15 days to respond to the request. The show cause notice, issued on October 8, alleged violations of consumer rights and unfair trade practices. Ola Electric responded, stating it had addressed the majority of complaints. The company has faced challenges recently, including a drop in its market share and an increase in customer complaints. Despite this, Ola Electric has expanded its product portfolio by launching two new electric scooter models.
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Electric Mobility firm Baaz Bikes raises $8 million in Series A round led by BIG Capital
Money Control
·
1y ago
Medial
Baaz Bikes, an electric vehicle manufacturing startup in India, has secured $8 million in a Series A funding round led by BIG Capital. The funds will be used for expanding the company's operations, adding more battery swapping stations, and improving its product portfolio and technological innovation. Baaz Bikes offers subscription-based access to its bikes and dense automated battery swapping infrastructure, primarily catering to gig delivery riders working with Zomato, Swiggy, and Amazon. The company plans to expand its footprint in Delhi NCR and launch EV models for bike-taxis.
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