Page 2 - Ola Electric Vehicles

Electric 2W player Ola Electric sets IPO price band at Rs 72-76 per share

Volume growth, vertical integration would be the main pillars for improving its margins, founder and CEO Bhavish Aggarwal told reporters on Monday

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

Ola is planning the IPO at a lower valuation to ensure higher participation from investors bidding for the IPO shares

Bhavish Aggarwal-led Ola Electric IPO likely to open on August 2

SoftBank-backed EV maker to pursue valuation of about $4.5 bn

Ola Electric likely to drive in IPO at a lower valuation of $4.5 billion

EV maker last raised funds at $5.5 bn value

Ola Electric likely to set valuation at around $4.5 billion for IPO

Indian markets regulator in June approved Ola's $660 million stock market listing, the first IPO by an EV-maker in India and which is set to be one of country's largest share sales this year

Aim to make India a core part of the global energy revolution: Ola Electric

Bhavish Aggarwal, founder, says leading global products should be made in the country, for India and the world

Ola Electric to face investor pushback on valuation for upcoming IPO

The company's founder has been aiming for a potential valuation of as much as $7 billion in a Mumbai listing, the people said, asking not to be identified as the information isn't public

Ola Electric receives Sebi approval for IPO; looks to raise Rs 5,500 crore

Ola Electric IPO: The the first public offering by an EV startup in India includes an offer-for-sale component of 95.2 million shares

Ola Electric gets Sebi approval to raise $660 mn through IPO: Report

Ola now plans to list its shares by mid July, and in coming days will reach out to investors to assess demand for its issue, both sources said

Ola Electric planning to layoff 400-500 employees to streamline operations

Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)

Ola Electric commences deliveries of its mass-market S1 X scooters

The S1 X range comes with the requested physical key and caters to customers with different range requirements

Ola Impact: TVS Motor stock price can slide up to 14%, suggests chart

Among others, Bajaj Auto stock may slip up to 5 per cent, while Aether Industries is expected to trade on a range-bound note, technical charts indicate.

Ola Electric reduces prices of entry-level e-scooter by up to Rs 10,000

Ola Electric on Monday slashed prices of its entry-level scooter S1 X by Rs 5,000 to Rs 10,000 across variants, bringing it at par with conventional scooters. The new S1 X was launched in February this year with a price range of Rs 79,999 to Rs 1,09,999 across three variants. In a virtual address, Ola Electric Chief Marketing Officer Anshul Khandelwal said the prices of the company's entry-level scooter have been reduced with immediate effect and deliveries would start next week. Under the new prices, S1 X with 4kWh battery will now cost Rs 99,999, down from Rs 1,09,999 announced earlier. Similarly, S1 X with 3kWh battery has been priced at Rs 84,999 instead of Rs 89,999 earlier. The S1 X 2kWh battery variant will cost Rs 69,999 (introductory price), reduced from Rs 79,999 earlier, he said. "We feel that India needs much more. India needs a price at which they (consumers) can truly adopt EVs," Khandelwal said. An average scooter is priced at Rs 1 lakh, he said adding consumers hav

Ola Cabs shuts down international ventures, shifts focus to Indian market

The future of mobility is electric - not just in personal mobility but also for the ride-hailing business, and there is immense opportunity for expansion in India, said the statement

Ola cabs pulls the plug on international business amid 'rising competition'

The company has begun notifying users about the impending closure, with operations in Australia scheduled to halt from April 12

Setting the pace: Ola Electric sees momentum continuing after record March

Ola's CMO, Anshul Khandelwal, also pointed out that there have been fundamental changes in the buying patterns of customers - for instance, more women are now buying electric vehicles than earlier

Chinese EV makers show latest models at Bangkok International Motor Show

Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as they expand exports across the globe. And Thailand, one of the biggest markets in Southeast Asia, a region of more than 600 million people, has made developing its EV market a priority. Tesla launched sales in late 2022, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD. BYD, or Build Your Dreams, displayed a wide range of its EV lineup, including its Dolphin, a pure EV that it says runs 490 kilometers (about 300 miles) on a single charge and is priced at 859,999 Thai baht (USD 23,700). At the higher end of the spectrum is the Seal, promising 580 kilometers (about 360 miles) on a charge and costing nearly 1.6 .

Ather Energy all set to expand its presence in the family scooter segment

The size of the family scooter market is around 4.5-5 million units. We marked our presence in the segment through Ather 450 and now the ambition is to be a strong complete player, said an official

Tata Motors, M&M, Ola Electric to get double benefit of auto PLI, FAME

These three firms were receiving subsidies under the ongoing Faster Adoption & Manufacturing of Electric Vehicles in India (FAME India) scheme, valid till this month

ICAT awards its first PLI Automotive Certificate to Ola Electric Tech

Automotive testing agency International Centre for Automotive Technology on Monday awarded the PLI-Automotive Certificate to Ola Electric Technologies under the production-linked incentive (PLI) scheme. "Ola Electric's Battery Electric Vehicle - 2W (Ola S1 Pro Gen2) met the criteria of minimum DVA (domestic value addition) of 50 per cent for the Automotive PLI certificate, demonstrating their commitment to the indigenisation of advanced automotive technology products," International Centre for Automotive Technology (ICAT) said. Ola S1 Pro (Gen2) two-wheeler, which has been on-road since September 2023, will now be able to avail incentives under the PLI scheme from the date of issuance of the certificate, a senior Ola Electric official said. "With this certificate, which has gone through a process of due diligence, OLA will now be entitled to a Production Linked Incentive (PLI) payable by the Ministry of Heavy Industries," ICAT Director Saurabh Dalela told PTI. ICAT, Manesar, is one