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Ola Electric Arm Settles Dues with Vehicle Registration Service Provider
Earlier this month, Rosmerta Digital Services Ltd had sought to initiate insolvency proceedings against Ola Electric Technologies Pvt Ltd. On Tuesday, March 25 Ola said it has amicably settled all dues with its former vehicle registration service provider.
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Ola Electric Begins Delivery Of S1 Gen 3 Electric Scooter
The Ola S1 Gen 3 electric scooters got mechanical updates over the previous generation.
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Ola Electric Says Government Sought Information on Sales-Registration Data Mismatch
Indian authorities have asked Ola to explain the mismatch between its vehicle sale and registration numbers for February, which were caused by a "temporary" backlog in registrations. Ola has been facing mounting challenges, from declining sales to increased regulatory scrutiny since last year.
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Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
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Ola Electric Shares Drop Over 7% Amid Insolvency Petition; Hit 52-Week Low
Shares of Ola Electric Mobility Ltd tanked after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
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Ola S1 Electric Scooter Gets Huge Price Cut As Holi Offers
Ola has announced the Holi Flash Sale, allowing discounts on the S1 range of scooters. Read the full story to learn more.
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Ola Electric Stores See Raids, Seizures on Flouting India Rules
Ola Electric Mobility Ltd.'s shift to 4,000 brick-and-mortar showrooms since 2022 has faced regulatory challenges. A Bloomberg News investigation found that over 95 percent of the 3,400 showrooms analysed lacked trade certificates under India’s Motor Vehicles Act. In response to customer complaints, authorities across states have raided showrooms...
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Ola Electric Receives Rs 73.7 Crore Incentive Under PLI Scheme
Ola Electric has received a sum of Rs 73.74 crore under the PLI scheme from the Government of India, the Ministry of Heavy Industries.
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Ultraviolette Tesseract Electric Scooter With 261 KM IDC Range Launched Alongside Shockwave Enduro Bike
Bengaluru-based startup Ultraviolette launched its new electric vehicles (EVs) in India on Wednesday. With the debut of Ultraviolette Tesseract, the company has forayed into the country's electric scooter market, taking on the likes of Ather Energy and Ola Electric. Alongside, the company also expanded its portfolio of electric bikes with the launc...
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Ola Electric Gets Government Notice for Missing Battery Plant Setup Target
Ola Electric received a letter from the federal government on Tuesday for missing a key milestone in the setup of its planned battery "gigafactory". The Rs. 181 billion ($2.07 billion) scheme required companies to set up manufacturing facilities within two years.
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Ola Roadster X Electric Motorcycle Still Away From Being Road-Ready
The Ola Roadster X electric motorcycle is yet to undergo the homologation process. Sources reveal it has issues with its thermal management, battery pack, BMS, and motor,
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Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
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Bhavish Aggarwal's Ola To Cut 1,000 Jobs. 500 Were Laid Off In November
The current round of layoffs amounts to over a quarter of Ola's 4,000 employee size as of March 2024 but includes contract workers that aren't counted in the company's public disclosures.
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Ola Electric's VAHAN Data To Dip Temporarily, Sales To Remain Unaffected
Ola Electric Mobility claims that these negotiations are aimed at improving the efficiency of registration while reducing costs.
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Ola Electric Roadster X Series With Mid-Drive Motor, Up to 501 KM IDC Range Launched in India
Ola Electric Roadster X series was launched on Wednesday as the latest addition to the company’s range of electric two-wheelers in India. The lineup comprises two electric bikes — Ola Electric Roadster X and Roadster X+, available in a total of five variants. They are built on the company’s scalable motorcycle platform and boast technologies ...
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Ola Electric Arm Settles Dues with Vehicle Registration Service Provider
Earlier this month, Rosmerta Digital Services Ltd had sought to initiate insolvency proceedings against Ola Electric Technologies Pvt Ltd. On Tuesday, March 25 Ola said it has amicably settled all dues with its former vehicle registration service provider.
-
Ola Electric Begins Delivery Of S1 Gen 3 Electric Scooter
The Ola S1 Gen 3 electric scooters got mechanical updates over the previous generation.
-
Ola Electric Says Government Sought Information on Sales-Registration Data Mismatch
Indian authorities have asked Ola to explain the mismatch between its vehicle sale and registration numbers for February, which were caused by a "temporary" backlog in registrations. Ola has been facing mounting challenges, from declining sales to increased regulatory scrutiny since last year.
-
Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
-
Ola Electric Shares Drop Over 7% Amid Insolvency Petition; Hit 52-Week Low
Shares of Ola Electric Mobility Ltd tanked after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
-
Ola S1 Electric Scooter Gets Huge Price Cut As Holi Offers
Ola has announced the Holi Flash Sale, allowing discounts on the S1 range of scooters. Read the full story to learn more.
-
Ola Electric Stores See Raids, Seizures on Flouting India Rules
Ola Electric Mobility Ltd.'s shift to 4,000 brick-and-mortar showrooms since 2022 has faced regulatory challenges. A Bloomberg News investigation found that over 95 percent of the 3,400 showrooms analysed lacked trade certificates under India’s Motor Vehicles Act. In response to customer complaints, authorities across states have raided showrooms...
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Ola Electric Receives Rs 73.7 Crore Incentive Under PLI Scheme
Ola Electric has received a sum of Rs 73.74 crore under the PLI scheme from the Government of India, the Ministry of Heavy Industries.
-
Ultraviolette Tesseract Electric Scooter With 261 KM IDC Range Launched Alongside Shockwave Enduro Bike
Bengaluru-based startup Ultraviolette launched its new electric vehicles (EVs) in India on Wednesday. With the debut of Ultraviolette Tesseract, the company has forayed into the country's electric scooter market, taking on the likes of Ather Energy and Ola Electric. Alongside, the company also expanded its portfolio of electric bikes with the launc...
-
Ola Electric Gets Government Notice for Missing Battery Plant Setup Target
Ola Electric received a letter from the federal government on Tuesday for missing a key milestone in the setup of its planned battery "gigafactory". The Rs. 181 billion ($2.07 billion) scheme required companies to set up manufacturing facilities within two years.
-
Ola Roadster X Electric Motorcycle Still Away From Being Road-Ready
The Ola Roadster X electric motorcycle is yet to undergo the homologation process. Sources reveal it has issues with its thermal management, battery pack, BMS, and motor,
-
Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
-
Bhavish Aggarwal's Ola To Cut 1,000 Jobs. 500 Were Laid Off In November
The current round of layoffs amounts to over a quarter of Ola's 4,000 employee size as of March 2024 but includes contract workers that aren't counted in the company's public disclosures.
-
Ola Electric's VAHAN Data To Dip Temporarily, Sales To Remain Unaffected
Ola Electric Mobility claims that these negotiations are aimed at improving the efficiency of registration while reducing costs.
-
Ola Electric Roadster X Series With Mid-Drive Motor, Up to 501 KM IDC Range Launched in India
Ola Electric Roadster X series was launched on Wednesday as the latest addition to the company’s range of electric two-wheelers in India. The lineup comprises two electric bikes — Ola Electric Roadster X and Roadster X+, available in a total of five variants. They are built on the company’s scalable motorcycle platform and boast technologies ...
