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NEW DELHI: Bhavish Aggarwal, co-founder of electric two-wheeler (e-2W) company Ola Electric Mobility, on Tuesday sold 2.6 crore shares, representing a 0.6% stake in the company, through a bulk deal. The share sale comes at a time when Ola Electric's shares have been hammered on the exchanges and are trading near their all-time low levels. The shares were offloaded at an average price of Rs 34.99 per share, bringing the total deal size to Rs 92 crore. Shares of Ola Electric crashed 8.5% on Tuesday to close at Rs 34.20 apiece. As of September 2025, Aggarwal held a 30.02% stake in Ola Electric. Ola Electric in a statement said that the founder-promoter has undertaken a one-time, limited monetisation of a small portion of his personal stake to fully repay a promoter-level loan amounting to Rs 260 crore. Ola claimed that there will be no dilution of promoter control or change in the long-term conviction.
New Delhi, July 1: Bhavish Aggarwal-led Ola Electric sold 20,189 electric scooters in the month of June -- a massive 45 per cent drop (year-on-year) compared to 36,859 units from the same month previous year (June 2024), the government's VAHAN data showed on Tuesday. This decline has taken a toll on its market share, which has shrunk from 46 per cent in June 2024 to just 19 per cent now. The situation is no better on the stock market. Ola Electric, which is nearing the one-year mark since its public listing, has seen its share price fall steeply. On Tuesday afternoon, the stock was trading at ...Read More >
New Delhi, Dec 31 (IANS) The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion. Along with this, food delivery company Zomato managed to make its place in the Sensex, the index of top companies in the country. Indian startup companies crossed the magical figure of getting $150 billion in funding in 2024. Between 2014 and 2024, new-age tech companies raised more than $151 billion in funding. Startups raised the highest funding ...Read More >
New Delhi, Jul 15 (PTI) Ola Electric could gain market share in the near term with relatively less disruption expected due to rare earth magnets shortage, according to a report by Goldman Sachs. The company has successfully developed heavy rare earths (HRE) free motors which are scheduled for production deployment in Q3 FY26. Ola Electric expects relatively low disruption from rare earth shortages and could gain market share in the near term as a result, Goldman Sachs stated. The company management's FY26 guidance to sell between 3,25,000 to 3,75,000 vehicles and generate revenue of Rs 4,20 ...Read More >
New Delhi, Feb 7 (PTI) Ola Electric Mobility Ltd on Friday reported a widening of consolidated net loss at Rs 564 crore in the third quarter ended December 31, 2024 impacted by lower revenue due to enhanced competition and one-off cost to address service issues. The company had posted a net loss of Rs 376 crore in the third quarter last fiscal, Ola Electric Mobility Ltd said in a regulatory filing. Revenue from operations in the third quarter stood at Rs 1,045 crore as compared to Rs 1,296 crore in the year-ago period, it added. Total expenses in the quarter under review stood at Rs 1,505 c ...Read More >
India's startup IPO engine is back in high gear. Over the last few weeks, a dozen new-age companies -- including Meesho, Groww, PhysicsWallah, Pine Labs, Urban Company and Wakefit -- have filed draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI), collectively looking to raise almost Rs 20,000 crore in primary capital. The filings signal more than just a busy pipeline. They reflect a shift in tone: founders and their investors are no longer waiting for perfect market conditions or chasing euphoric valuations. This time, they're coming to the public mar ...Read More >
BENGALURU: What was once billed as India's challenger to global giants in artificial intelligence and semiconductors has quietly dwindled into a shadow of those ambitions. Krutrim, the AI venture founded by Ola's Bhavish Aggarwal, is now largely sustained by his personal wealth and loans tied to his Ola Electric stake, with most of its marquee projects abandoned. "The money that was raised from Z47 (formerly Matrix Partners India) is long gone," said a senior executive familiar with the company's finances. "At its peak, Krutrim was burning through at least $4-5 million every month. None of it ...Read More >
Bengaluru, Oct 20 (PTI) A case has been registered against the founder of Ola Electric and other senior officials of the company following the suicide of a 38-year-old engineer, who had accused them of "harassment", police said on Monday. The deceased identified as K Aravind, had been working as a Homologation Engineer with Ola Electric in Koramangala since 2022. In a statement, the company spokesman said the firm has challenged the registration of the FIR before the Karnataka High Court, and protective orders have been passed in favor of Ola Electric and its officials. "We are deeply sadde ...Read More >
Kolkata, Jul 15 (PTI) West Bengal Chief Minister Mamata Banerjee on Wednesday hailed the safe return of Indian astronaut Group Captain Shubhanshu Shukla from space, calling it a matter of national pride. Shukla, a 39-year-old Indian Air Force officer and test pilot, on Tuesday returned to the Earth after an 18-day stay at the International Space Station. Also Read | Will Samosa and Jalebi Display Cigarette-Style Health Warnings? PIB Fact Check Debunks Fake News, Says Health Ministry's Advisory Doesn't Mention Warning Labels on Indian Food Products. "Welcome home, Shubhanshu Shukla! We are r ...Read More >
New Delhi, October 20: The Bengaluru police have registered a case of abetment to suicide against Ola founder and CEO Bhavish Aggarwal and senior executive Subrath Kumar Das after an employee allegedly took his own life. The deceased, 38-year-old K Aravind, is said to have left behind a 28-page death note in which he accused his seniors of workplace harassment. Police said the case was filed following a complaint by Aravind's brother, Ashwin Kannan. According to officials, the FIR names Bhavish Aggarwal, Subrath Kumar Das -- who heads Vehicle Homologations and Regulation at Ola -- and others ...Read More >
BENGALURU: Shares of Ola Electric surged 19.75% on Monday to close at Rs 47.66, even as the company reported a sharp year-on-year drop in revenue and a consolidated net loss of Rs 428 crore for the quarter ended June 30, 2025. The stock hit an intraday high of Rs 47.76 on the NSE, up from its previous close of Rs 39.80.The rally came despite the company's revenue from operations halving to Rs 828 crore in Q1 FY26, from Rs 1,644 crore in the same quarter last year. On a sequential basis, revenue rose 35.5% from Rs 611 crore in Q4 FY25.Ola's net loss narrowed from Rs 870 crore in the previous qu ...Read More >
New Delhi, July 1 (SocialNews.XYZ) Bhavish Aggarwal-led Ola Electric sold 20,189 electric scooters in the month of June -- a massive 45 per cent drop (year-on-year) compared to 36,859 units from the same month previous year (June 2024), the government's VAHAN data showed on Tuesday. This decline has taken a toll on its market share, which has shrunk from 46 per cent in June 2024 to just 19 per cent now. The situation is no better on the stock market. Ola Electric, which is nearing the one-year mark since its public listing, has seen its share price fall steeply. On Tuesday afternoon, the st ...Read More >
New Delhi, July 14: Bhavish Aggarwal-led electric two-wheeler maker Ola Electric on Monday reported a consolidated net loss of Rs 428 crore in Q1 FY26, as revenue from operations also nosedived to Rs 828 crore -- a 49.6 per cent year-on-year decline from Rs 1,644 crore revenue in the same quarter last fiscal. The net loss widened by nearly 30 per cent (year-on-year) from Rs 347 crore net loss in Q1 FY25 for the company, according to its stock exchange filing. The e-scooter deliveries were also hit year-on-year -- from 1,25,198 in Q1 FY25 to 68,192 in Q1 FY26. The earnings before interest, tax ...Read More >
With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. Photograph: Courtesy, Ola Electric The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE. The new range includes the Ola Gig, priced at Rs 39,999, specifically designed for gig workers making shorter trips. The S1 Z series starts at Rs 59,999, offering an affordable alternative to the original S1 model. Ola Electric chief executi ...Read More >
New Delhi, Oct 16 (PTI) Ola Electric on Thursday said it has forayed into the country's Rs 1 lakh crore battery energy storage systems market, which is projected to grow to over Rs 3 lakh crore by 2030. The company has launched Ola Shakti, its first residential Battery Energy Storage System (BESS) solution. "India doesn't face an energy shortage; it faces an energy storage opportunity. With Ola Shakti, we are turning that opportunity into energy independence," Ola Electric CMD Bhavish Aggarwal said. The company has built world-class battery and cell technology for electric mobility, and Ola ...Read More >
With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. Photograph: Courtesy, Ola Electric The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE. The new range includes the Ola Gig, priced at Rs 39,999, specifically designed for gig workers making shorter trips. The S1 Z series starts at Rs 59,999, offering an affordable alternative to the original S1 model. Ola Electric chief executi ...Read More >
BENGALURU: A 38-year-old engineer working with Ola Electric in Koramangala allegedly died by suicide on September 28, with a recovered note accusing top company executives of workplace harassment and mental pressure. A criminal case has now been registered against Ola CEO Bhavish Aggarwal, senior engineer Subrat Kumar Das, and others for alleged abetment.The deceased, K. Aravind, had been working with Ola Electric since 2022. His family was reportedly taken aback when a sum of Rs 17.46 lakh was transferred to his bank account on September 30, two days after his death. The transaction raised su ...Read More >
The proposed fundraise marks Ola Electric's first major equity move since its initial public offering (IPO) in August 2024, when it raised ₹5,500 crore. Electric two-wheeler maker Ola Electric has convened a board meeting on October 25 to evaluate a proposal to raise fresh capital through equity or other eligible securities, the company said in a stock exchange filing. The Bengaluru-based EV manufacturer said the board will consider raising funds through private placement, preferential issue, ...Read More >
Arvind left a 28-page note alleging workplace harassment. His brother claimed the company paid ₹17 lakh posthumously, raising concerns of a cover-up. The Bengaluru police has booked Ola Electric's head for vehicle homologations & regulations, Subrat Kumar Dash, and founder Bhavish Aggarwal in connection with the suicide of their colleague K Aravind. A homologation engineer at the company's Koramangala office, 38-year-old Aravind ended his life on September 28 by consuming poison. His friends ...Read More >
Ola Electric aims to expand its store network fourfold to 4,000 locations by December 2024. The plan includes co-locating stores with service facilities and onboarding 10,000 partners by 2025, extending its reach beyond major cities. Currently, Ola operates 800 stores. Ola Electric announced ambitious plans on Monday to significantly expand its company-owned store network. The electric vehicle manufacturer aims to quadruple its number of outlets to 4,000 by December 20, 2024. The company, which currently operates 800 stores, intends to open an additional 3,200 locations. Ola Electric emphasi ...Read More >
New Delhi, Sep 30 (PTI) Ola Electric Mobility on Tuesday said its unit has received approval from the board as well as shareholders to raise Rs 878 crore by issuing preference shares. Ola Electric Technologies Pvt Ltd obtained approval from its Board and shareholders to raise funds by way of issuance of up to 87,76,40,000 non-cumulative and non-participating 0.001 per cent Series A Optionally Convertible Redeemable Preference Shares of face value Rs 10 each, at a consideration of Rs 877.64 crore in one or more tranches on a preferential basis through private placement, the Bengaluru-based fir ...Read More >
New Delhi, Jul 15 (PTI) Ola Electric could gain market share in the near term with relatively less disruption expected due to rare earth magnets shortage, according to a report by Goldman Sachs. The company has successfully developed heavy rare earths (HRE) free motors which are scheduled for production deployment in Q3 FY26. Also Read | Bodoland Lottery Result Today, July 15, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. Ola Electric expects relatively low disruption from rare earth shortages and could gain market share in the ...Read More >
New Delhi: Ola Electric has filed a claim of around Rs 400 crore incentive under the government's production-linked incentive (PLI) scheme, reinforcing its compliance with rigorous localisation and regulatory requirements, according to sources. As per industry sources, Ola has filed the claim with eligible sales of about Rs 3,000 crore for FY25, translating into an expected incentive of nearly Rs 400 crore. The incentive, calculated at a rate of 13 to 14 per cent, is expected to significantly strengthen the company's liquidity position and deliver a positive impact on its financial performanc ...Read More >
New Delhi: Electric two-wheeler maker Ather Energy has granted fresh employee stock options (ESOPs) totalling 12.7 lakh equity shares under its 2025 plan, according to regulatory filings. The company's nomination and remuneration committee approved 9.7 lakh stock options for eligible employees, while the board of directors cleared an additional 2.9 lakh stock options for key managerial personnel and senior management. In total, 12,74,424 shares have been allotted. Based on Ather's BSE closing price of ₹556.5 per share on Thursday, the ESOPs are valued at around ₹70.9 crore. "The grant of op ...Read More >
Mumbai: Shares of Ola Electric Mobility Ltd saw a sharp rise on Wednesday after the company released its March business update. The stock gained over 12 percent, reflecting strong investor interest. Around 1:22 PM on the BSE, the share was trading at Rs 25.69, up by Rs 2.89 or 12.68 percent. During the day, it touched a high of Rs 26.04 and a low of Rs 23.17. The stock had opened at Rs 23.99, compared to its previous close of Rs 22.80. The company's market capitalisation stood at around Rs 10.76 thousand crore. Investor confidence rises on demand growth Investor sentiment improved after the ...Read More >
Bengaluru: Comedian Kunal Kamra expressed solidarity with the family of K Aravind, a 38-year-old Ola Electric engineer who died by suicide in Bengaluru, allegedly due to workplace harassment. "My condolences & solidarity with the family of the young engineer K Aravind... If the family needs legal support I'm sure a lot of good folks would be willing to pursue the case & bring justice to Aravind's family," Kamra wrote on X. Have a look at his post here: Engineer leaves behind 28-page note naming Ola founder Aravind, who worked as a homologation engineer at Ola Electric since 2022, reportedl ...Read More >
Bengaluru (Karnataka) [India], October 21 (ANI): Ola Electric has expressed grief over the death of homologation engineer K Aravind, who allegedly consumed poison on September 28. A company spokesperson said their thoughts are with Aravind's family during this difficult time. Ola Electric, in a statement on Monday, added that Aravind never "raised any complaints" about his employment or harassment, and his role did not involve direct interaction with the company's top management. "We are deeply saddened by the unfortunate demise of our colleague, Aravind, and our thoughts remain with his fa ...Read More >
Bengaluru (Karnataka) [India], October 20 (ANI): Ola Electric has challenged before the Karnataka High Court an FIR registered against its CEO Bhavish Aggarwal, senior officer Subrata Kumar Das, and the company in connection with the suspicious death of an employee, a company spokesperson said on Monday. The court has granted protective orders in favour of Ola Electric and its officials. The FIR was registered on October 6 under Section 108 of the Bharatiya Nyaya Sanhita (BNS), read with Section 3(5). The company said it was deeply saddened by the death of its employee, identified as K. Arav ...Read More >
Hyderabad: Ola Electric on Wednesday launched 'Ola Shakti', a portable device that can power homes, business establishments, and farm equipment. With this, the Bengaluru-based electric vehicle maker has forayed beyond mobility and entered into the Battery Energy Storage Systems (BESS), a Rs 1 lakh crore sector projected to surpass Rs 3 lakh crore in value by 2030. "We didn't name the company Ola Auto; we named it Ola Electric, and our vision has always been to bring the whole energy storage supply chain into the market. Today, we're launching Ola Shakthi, which is the last-mile grid-complemen ...Read More >
Ola Electric's CEO, Bhavish Aggarwal, has shared a few pictures on his social media which reveal two new developments. One image shows an Ola-branded removable battery pack and the other partially shows the new B2C scooter, similar to the Yulu bikes we see zipping around metro cities these days. Earlier this year, Ola Electric had filed a design patent for a utilitarian B2C electric scooter and it seems that now the company has readied that same scooter for market launch. Another interesting detail is that the scooter will use removable batteries, similar to its primary rival, the Yulu electr ...Read More >
Bengaluru: Ola Electric, India's leading EV manufacturer, has unveiled its new Gig and S1 Z series of scooters, aiming to make electric mobility accessible to the masses. The lineup includes four models: Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+, priced at Rs 39,999, Rs 49,999, Rs 59,999, and Rs 64,999 (ex-showroom), respectively. These scooters are set to redefine affordability and convenience in the electric two-wheeler segment. The reservations for both the Gig and S1 Z series are open at just Rs 499 starting today. The new range of scooters offers durable, reliable, affordable, and flexi ...Read More >