Vanguard cuts IPO-bound Ola’s valuation by 52% to $3.5 bn
According to the firm's securities and exchange filing, Vanguard held 1,66,185 shares, or about 0.7% stake, in Bhavesh Aggrawal-led Ola as of May 31, 2023
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Ola begins construction of gigafactory in Tamil Nadu
Spread across 115 acres, the Ola Gigafactory will begin operations by early next year
Ola Electric S1 Air deliveries to start in July; price, features, other details here
The development comes months after the two-wheeler maker launched Ola S1 Air in October last year.
Uber, Dunzo, Ola, PharmEasy score lowest in providing fair conditions to gig workers
In minimum standards of fair work, Urban Company scored the highest 7 out of 10, followed by Bigbasket, Flipkart, Swiggy and Zomato.
FY23: Race for Record Auto Sales
Price hikes and higher interest rates have failed to come in the way of India's love for cars.
Ola Electric forays into Nepal; LATAM, ASEAN, EU next on agenda
After announcing a physical presence at over 200 locations by FY2023, Ola Electric has taken the first step to be present in up to five international markets.
Ola cuts 200 engineering jobs
The electric vehicle maker says it is centralising operations and is undertaking a restructuring exercise to minimise redundancy.
OYO files revised IPO papers with SEBI
OYO had filed initial papers with SEBI to raise about $1.1 billion in 2021. Revised DRHP shows a reduction in losses in FY22
Lots of innovation possible in cell chemistries: Ola's Bhavish Aggarwal
Bhavish Aggarwal says Ola is exploring alternate chemistries to lithium and is also working on sulfur-based chemistries, which will fructify in the long term
Ola to invest $500 million in battery innovation centre
Ola's battery innovation center will have capabilities to develop complete packages of battery pack design, fabrication and testing under one roof.
