Ola Electric
Manufacturing
Ola Electric slashes sales targets, delays profit goal ahead of planned IPO
India's Ola Electric has slashed its sales goals for 2023-2025 by more than half and delayed its target of achieving ......
Manufacturing
Ola Electric's FY23 net loss almost doubles, revenue jumps but misses target
SoftBank-backed electric scooter maker Ola Electric posted a wider loss in the financial year through March 2023 but likely missed ......
Manufacturing
How Ola Electric's service network is feeling the strains of success
Bhavish Aggarwal, India's answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation ......
TMT
Ola gets a sharp valuation markdown as EV arm readies for public float
Cab aggregator Ola, which is preparing to take its electric vehicle unit public, has recorded a sharp markdown from an existing ......
TMT
Deals Digest: Big-ticket transaction lifts funding value this week but volumes fall
Funding activity continued its gradual uptick this week buoyed by a big-ticket transaction and a bunch of mid-sized deals. Overall ......
Manufacturing
SoftBank-backed Ola Electric plans to file for $700-mn IPO by end-Oct
India's Ola Electric plans to file regulatory papers for its up to $700 million IPO before the end of October ......
TMT
Ola Electric raising $140 mn in Temasek-led round
Ola Electric Mobility Pvt. Ltd has signed an agreement to raise $140 million from existing investors including Temasek Holdings, two ......
Manufacturing
IPO-bound Ola Electric records $136 mn loss for FY23
India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in ......
TMT
Temasek looks to double down on Ola Electric
Singapore’s Temasek will lead a $300-$350 million round in Ola Electric, a portfolio firm with an infusion of $100- $150 ......
TMT
SoftBank-backed Ola Electric to kick off investor meet on IPO plans
India's Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock ......
