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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 Tuesd ...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 >
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 deep ...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 Sectio ...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 nami ...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 ...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 ...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 ...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 ...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' ...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 ...Read More >
New Delhi, Jan 31 (PTI) Indian cloud service providers Ola Krutrim and AceCloud have started offering services of Chinese artificial intelligence platform DeepSeek in the country. AceCloud was the first to announce hosting of DeepSeek. Also Read | 8th Pay Commission: Nirmala Sitharaman To Announce Official 8th CPC Implementation Date in Union Budget 2025? Check Details Here. AceCloud said that it will offer DeepSeek AI models to businesses with claims that the data residency will remain in In ...Read More >
New Delhi, Jan 31 (PTI) Indian cloud service providers Ola Krutrim and AceCloud have started offering services of Chinese artificial intelligence platform DeepSeek in the country. AceCloud was the first to announce hosting of DeepSeek. AceCloud said that it will offer DeepSeek AI models to businesses with claims that the data residency will remain in India. Krutrim claimed to be the first Indian AI company to deploy DeepSeek's AI models on domestic servers, eliminating data privacy and securi ...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, whic ...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 j ...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 ...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 ...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 de ...Read More >
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