Let's Decode Ather Energy ๐คฏ๐๐ฒ
Today I saw various Ather Energy Scooters like 450 Plus and 450X and decided to make on Ather Energy ๐๐คฏ๐.
Introduction:
โข Ather Energy, established in 2013 in Bangalore, India, specializes in electric scooters.
But OLA Electric has best features in terms of technology, designs , I know they blasted initially but now they have 31% market Share, First mover advantage.๐ฏ๐๐
Interesting One :
โข Bhavish Aggarwal, CEO of Ola Electric, called MapMyIndia's legal notice "opportunistic."
โข MapMyIndia says Ola Electric misused its mapping data for the Ola Maps platform and broke their licensing agreement.
โข Aggarwal stated t
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BigLoot IN
Stealthย โขย 3m
Market Share of Ola Electric (2024) โก๏ธ
โข June: 49%
โข July: 39%
โข August: 32%
โข September: 27%
โข October: 30%
Ola Electric Sold 41,605 Units in October
They Sold 24,726 Units in September
Olaโs EV Market Share Increased Slightly in Oct
Well if you compare OLA electric with other EV brands like Ather, then it's leading the market. Comparing OLA with Hero or Indusind bank doesn't make sense since they operate in different genre.
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Vaibhav Babruwan Shingde
Stealthย โขย 1m
2024: The Year of Indian IPOs
โข In 2024, 13 Indian startups went public and made over Rs 29,000 crore ($3.4 billion).
โข These included Swiggy, Mobikwik, Ola Electric, FirstCry, Ixigo, and Unicommerce. Swiggy did well, Mobikwik was popular, and Ola
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Nandishwar
Stealthย โขย 23d
๐ Who Owns Ola Electric? ๐ต
Hereโs a quick breakdown based on investment stakes:
1๏ธโฃ Bhavish Aggarwal: 30% ๐
2๏ธโฃ SoftBank Vision Fund: 17.8% ๐
3๏ธโฃ Foreign Institutional Investors (FIIs): 13.5% ๐
4๏ธโฃ Others: 23.8% ๐งฉ
5๏ธโฃ Mutual Funds: 5.2% ๐ฐ
6๏ธ
Let's decode one pattern :
โข Companies were backed by Softbank such as OYO, OLA Electric and FirstCry are continuously filing for IPO but some IPO's approved or some failed for IPO.
โข Startups backed by Softbank such as OLA Electric and OYO are ra
MapMyIndia has just sent a legal notice to Ola electric.
MapMyIndia provided navigation services for Ola's S1 pro electric scooter and they had a 2021 agreement on this that strictly forbid copying or reverse engineering any of MapMyIndia's data.
B
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Vivek Sharma
Stealthย โขย 6m
What you guys think about Ola they have copied the API's & Interface from mapsmyindia.
We also know that the Ola was also copied from Uber's Idea.
I guess it became a trend to copy and paste.
Nothing was new in terms of idea.
News Source: Inc42.co
Ola electric has already given 44% returns in 2 days, despite being a loss making company. Ola electric incurred a loss of rs.267 cr last financial year. It has a negative ROE.
Ola electric is a fundamentally weak company, but it is still giving re
Bajaj & TVS Overtake Ola Electric: A Wake-Up Call for Startups
In December 2024, Bajaj & TVS sold over 25,000 EVs, surpassing Ola Electricโs 18,000. Ola, once seen as Indiaโs EV poster child, stumbled with battery issues, weak after-sales support, a
