The exits come at a time when Ola is reportedly planning its IPO this year at a lower valuation than planned earlier as several startups' IPOs have proved to be a nightmare for the investors
Ola Electric is recalling 1,441 units of its electric two-wheelers in the wake of incidents of vehicles catching fire, according to a company statement.
The government may ask Ola Electric to explain the incident of its electric scooter catching fire in Pune last month, a senior government official said on Thursday
With deliveries more than doubling, the company became the second largest electric two wheeler seller in March- only behind market leader Hero Electric
Serial fires in green two-wheelers in a week raise questions about the regulation and safety standards of this fast-growing section of the automobile industry
Ola Electric Mobility Pvt., a Bengaluru-based startup, will get state support to manufacture EV batteries that can store a total of 20 gigawatt-hours of power, the government said on March 24
The selected companies which include Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors Co will receive incentives under India's Rs 18,100 crore-programme for local production
Four companies have been selected to receive incentives under the government's Rs 18,100 crore PLI scheme for Advanced Chemistry Cell (ACC) battery storage, the government said
It's the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry & manufacturing and new energy systems