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Ola Electric News

Shares Of Pavna Industries Rise On TeamUp With OLA Electric For EV Components

Pavna Industries Ltd, on Monday Zoomed in its shares by 5%, following the announcement of a strategic collaboration with OLA Electric. The agreement entails Pavna Industries supplying ignition switches and latches for electric vehicles (EVs), marking the company's foray into the ...

Ola Cabs Plans $500 Million IPO Amid Electric Vehicle Expansion

Indian ride-hailing giant Ola Cabs is gearing up for a substantial initial public offering (IPO), aiming to raise $500 million with a company valuation of approximately $5 billion, according to Reuters. The SoftBank-backed company, often dubbed India's response to Uber, is ...

Ola Electric Ventures Into Electric Autorickshaw Market With 'Raahi' Launch

Ola Electric is gearing up to introduce its electric autorickshaw, potentially named 'Raahi', later this month, according to a report by The Economic Times. Ola Electric has been diligently developing 'Raahi' over the past few years as part of its broader ...

IPO-bound Ola Electric Reports $136 Million Operating Loss in FY23, Miss Revenue Goal

Ola Electric has most likely garnered an operating loss of $136 million in the financial year 2022-23, and thereby missed its publicly disclosed revenue goals, as per Reuters report. The leading electric scooter maker is preparing for its initial public offering ...

Nexon EV Fire Incident: Tata Motors, Says Detailed Investigation Underway

Tata Motors on Thursday said it is investigating the incident of a Nexon electric vehicle catching fire in Mumbai. Responding to the incident that has been widely shared on social media, Tata Motors in a statement said, "A detailed investigation is ...