Ola Electric
Latest news, explainers and analysis on Ola Electric. Tracking 7 stories on Arth Vani.
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Latest on Ola Electric
Bhavish Aggarwal Pledges 4.32% Ola Electric Stake for ₹1,000 Cr Rights Issue
Ola Electric Chairman Bhavish Aggarwal has pledged 4.32% of his stake in the company. This move aims to secure funding for Ola Electric's upcoming ₹1,000 Crore rights issue, demonstrating the founder's commitment to the company's capital raise.
Ola Electric Invests ₹229 Crore in E-Three-Wheelers, Project Slips to 2027-28
Ola Electric Mobility Ltd has invested ₹229 crore in its electric three-wheeler project. The company now expects the project to be completed between March 2027 and March 2028, indicating a revised and extended timeline for its market entry.
Ola Electric Expands into Energy Storage with 'Shakti' Portfolio for Homes, Businesses
Ola Electric has announced a major strategic shift, venturing beyond electric scooters into the energy storage solutions market. The company unveiled its new 'Shakti' portfolio, offering battery-based systems for homes, commercial facilities, and grid-scale applications. This expansion aims to support India's goal of achieving energy independence.
BreakingOla Electric, Reliance Get Battery PLI Deadline Extension to 2031; Rajesh Exports Excluded
The Centre has granted Ola Electric and Reliance New Energy an extension until 2031 to complete their battery manufacturing projects under the Production Linked Incentive (PLI) scheme. However, Rajesh Exports Ltd was not given this extension, a decision made in light of an ongoing SEBI investigation into governance issues at the company.
Ola Electric's Q1 Loss Shrinks 22% to ₹336 Cr Amid Revenue Drop
Ola Electric reported a 22% year-on-year reduction in its net loss for the June quarter (Q1 FY27), reaching ₹336 crore. However, the company also saw its revenue decline by 45% during the same period.
Ola Electric Seeks Settlement With SEBI Over False Sales and Service Data Claims
Electric scooter maker Ola Electric has applied to settle a probe by the market regulator SEBI regarding allegations of spreading misleading information. The investigation centers on whether the company inflated its stock appeal by misrepresenting sales figures and the actual reach of its service network.
Ola Electric Stock Jumps 10%; Shares Double from Lows in 12-Week Rally
Ola Electric shares continued their recovery on Tuesday, rising 10% to mark a total gain of 120% from recent lows. While analysts view this as a potential trend reversal, the stock still faces challenges to reach its previous all-time highs.
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