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India's IPO-bound Ola Electric recorded $136 million loss in 2022/23 India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022/23 loss number of SoftBank-backed Ola Electric, which is preparing for an up to $700 million IPO, has not previously been reported or filed with Indian authorities, which allows time until September to file previous year's earnings. ...
India's IPO-bound Ola Electric recorded $136 million loss in 2022/23
India's IPO-bound Ola Electric recorded $136 million loss in 2022/23
Source: Reuters
28/07/2023 2:16:47 PM
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024 Zypp Electric on Tuesday said it will deploy 1 lakh e-scooters for online food delivery platform Zomato by 2024. The company said that the association is part of a larger plan of Zomato to go completely electric by 2030. "This association will enable us to significantly reduce carbon emissions and bring more sustainable last-mile delivery options to our customers. We look forward to working together to create more efficient and environment friendly deliveries," said Mohit Sard...
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Source: IANS
25/04/2023 11:01:35 AM
Greaves Cotton trades higher as its arm launches Ampere Primus electric scooter Greaves Cotton is currently trading at Rs. 134.85, up by 2.20 points or 1.66% from its previous closing of Rs. 132.65 on the BSE. The scrip opened at Rs. 133.05 and has touched a high and low of Rs. 136.55 and Rs. 133.05 respectively. So far 62464 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 210.75 on 11-Apr-2022 and a 52 week low of Rs. 124.15 on 26-Dec-2022. Last one week high and low of the scrip stood at ...
Greaves Cotton trades higher as its arm launches Ampere Primus electric scooter
Greaves Cotton trades higher as its arm launches Ampere Primus electric scooter
Source: Accord Fintech
17/02/2023 11:42:39 AM
Ola launches new e-scooter S1 Air, starting at Rs 84,999  EV manufacturer Ola Electric on Thursday launched its much-anticipated Ola S1 Air e-scooter, which comes available in three variants at a starting price of Rs 84,999. The company also expanded its Ola S1 portfolio by launching the new variant at a price of Rs 99,999, which comes powered by a 2kWh battery, and offers an IDC range of 91 km and a top speed of 90 km/hr. The purchase window for the new variant opens from February 9, while the deliveries will begin from March 2023, the ...
Ola launches new e-scooter S1 Air, starting at Rs 84,999
Ola launches new e-scooter S1 Air, starting at Rs 84,999
Source: IANS
9/02/2023 5:05:45 PM
Japan power company seeks to raise household electricity prices by 30% The Tokyo Electric Power Company Holdings Inc. (TEPCO) said that it has applied to the government to raise its regulated electricity rates for households by around 30 per cent from June in response to surging energy prices and the yen's weakening. The rate hike application, following five other major power companies which have already filed for the government's approval to raise prices by between 28 per cent and 46 per cent from April, reflects a deteriorating business performance ...
Japan power company seeks to raise household electricity prices by 30%
Japan power company seeks to raise household electricity prices by 30%
Source: IANS
24/01/2023 1:45:08 PM
Firefighting daily to stop EV adoption being derailed: Hero Electric CEO  EV market leader Hero Electric is super excited at the government's push towards EV adoption, but needs to fire-fight every day to neutralise the forces that come with hidden agenda to derail the EV adoption, according to its CEO Sohinder Gill. Gill told IANS that the intent of the government is clear and very positive on EV penetration, and the company is hell-bent to help the Centre achieve its target. "However, issues that hinder the pace of growth do crop up during th...
Firefighting daily to stop EV adoption being derailed: Hero Electric CEO
Firefighting daily to stop EV adoption being derailed: Hero Electric CEO
Source: IANS
22/01/2023 2:20:50 PM
Ather Energy to make 1 mn more 2-wheelers; eyes new EV factory As electric two-wheeler adoption sees some stabilisation after several fire incidents last year, leading EV player Ather Energy said on Sunday that it is in talks with various state governments for establishing an additional factory to meet the demand. Ravneet Phokela, Chief Business Officer (CBO) at Ather Energy, told IANS that the company is ramping up manufacturing output and planning to add 10 lakh units capacity, in addition to the 400,000 annual capacity that it currently has. &qu...
Ather Energy to make 1 mn more 2-wheelers; eyes new EV factory
Ather Energy to make 1 mn more 2-wheelers; eyes new EV factory
Source: IANS
22/01/2023 2:11:29 PM
India`s Greaves Cotton unveils e-scooter, electric cargo vehicles NEW DELHI- Indian vehicle maker Greaves Cotton plans to make a bigger push into high-speed electric scooters for urban commuters and electric cargo vehicles for last-mile deliveries, its executive vice chairman told Reuters. The company showcased six new products at the country's biennial auto show on Wednesday, including three new e-scooters under its Ampere brand and three new three-wheeled cargo and passenger vehicles. The latest scooters will come with top speeds of 75 kilometre...
India`s Greaves Cotton unveils e-scooter, electric cargo vehicles
India`s Greaves Cotton unveils e-scooter, electric cargo vehicles
Source: Reuters
11/01/2023 11:18:05 AM
LML to showcase Electric Vehicle Star at AutoExpo  Two-wheeler maker LML on Monday said it will showcase its electric model 'Star' at the upcoming AutoExpo 2023 near Delhi, said a top company official. "We are ecstatic to present this engineering marvel to the world and at this auto expo we envision a future where Star is embraced by consumers as a stylish and intelligent mode of commuting around the globe. Paving our way to the e-mobility solutions we are also looking forward to sharing our insights on our global compan...
LML to showcase Electric Vehicle Star at AutoExpo
LML to showcase Electric Vehicle Star at AutoExpo
Source: Accord Fintech
2/01/2023 2:19:01 PM
Only 1% Indians plan to buy e-scooters in next 6 months, safety top concern As the government probes multiple fires in electric two-wheelers, only 1 per cent household consumers plan to buy an e-scooter in the next six months amid safety and performance concerns, a new report showed on Monday. Around 32 per cent of respondents are not convinced about the safety and performance of electric scooters in August while in March this year, the number stood at 17 per cent - as more than two dozen electric two-wheelers caught fire in March and April, according to data prov...
Only 1% Indians plan to buy e-scooters in next 6 months, safety top concern
Only 1% Indians plan to buy e-scooters in next 6 months, safety top concern
Source: IANS
23/08/2022 9:06:46 AM
Electric scooters, buses steal show at EV Expo in Delhi Around 100 e-vehicle companies -- both domestic and foreign, showcased their latest pollution-free e-vehicles at the three-day 'EV Expo', that concluded on Sunday, at Pragati Maidan in Delhi. The expo also showcased Lithium-ion batteries and the latest charging solutions. The expo also saw some exciting innovations, including electric cars and buses from Lithium Urban Technologies Pvt Ltd, India's largest zero emission corporate services company. At the same time, there was a a...
Electric scooters, buses steal show at EV Expo in Delhi
Electric scooters, buses steal show at EV Expo in Delhi
Source: IANS
8/08/2022 9:10:53 AM
Ola CEO shares plan on sports car, upcoming update for e-scooters Ola Founder and CEO Bhavish Aggarwal has announced that his company is planning to bring a new electric sports car for Indian consumers. In a series of tweets, Aggarwal also detailed about the upcoming MoveOS 3 update to the S1 series of electric scooters. "We are going to build the sportiest car ever built in India!" the tech honcho wrote on the microblogging platform Twitter. Aggarwal also shared a video on the platform where he tested the Moods feature in the upcoming up...
Ola CEO shares plan on sports car, upcoming update for e-scooters
Ola CEO shares plan on sports car, upcoming update for e-scooters
Source: IANS
17/07/2022 5:15:27 PM
Okinawa pips Ola Electric to become No 1 electric 2-wheeler brand Despite the incidents of fire, electric two-wheeler manufacturer Okinawa Autotech has overtaken Ola Electric to become India's top electric two-wheeler brand. According to the Federation of Automobile Dealers Associations (FADA), Okinawa Autotech sold the highest total of 9,309 units. Meanwhile, Ola Electric sold 9,225 units last month. In May 2021, Okinawa Autotech sold just 217 units of its electric two-wheeler. The company is aiming to grow its electric vehicle business aggres...
Okinawa pips Ola Electric to become No 1 electric 2-wheeler brand
Okinawa pips Ola Electric to become No 1 electric 2-wheeler brand
Source: IANS
8/06/2022 8:42:16 PM
TVS Motor unveils new iQube electric scooter Two-and-three wheeler manufacturer TVS Motor has unveiled a new iQube electric scooter in three avatars that comes loaded with several interesting features. With a starting price of Rs 98,564, the new TVS iQube series offers a choice of three variants -- iQube ST, TVS iQube S and TVS iQube -- in 11 colours and three charging options. "The launch of the new TVS iQube is a testament to our commitment of offering world-class EV technology with never-before intelligent and personalised...
TVS Motor unveils new iQube electric scooter
TVS Motor unveils new iQube electric scooter
Source: IANS
22/05/2022 10:16:53 AM
TVS Motor trades higher on launching new TVS iQube Electric Scooter TVS Motor is currently trading at Rs. 682.50, up by 2.75 points or 0.40 % from its previous closing of Rs. 679.75 on the BSE. The scrip opened at Rs. 667.55 and has touched a high and low of Rs. 682.50 and Rs. 667.55 respectively. So far 105954 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 793.45 on 09-Nov-2021 and a 52 week low of Rs. 495.00 on 24-Aug-2021. Last one week high and low of the scrip stood at Rs....
TVS Motor trades higher on launching new TVS iQube Electric Scooter
TVS Motor trades higher on launching new TVS iQube Electric Scooter
Source: Accord Fintech
19/05/2022 11:09:44 AM
Ola Electric sees high-profile exits amid larger government scrutiny As the electric e-scooter maker Ola Electric faces government scrutiny and consumer complaints, a couple of its top-notch executives have quit, the latest being its chief marketing officer Varun Dubey. The company confirmed to IANS that Dubey is leaving the company due to "personal reasons". Earlier, Dinesh Radhakrishnan who was the chief technology officer (CTO) at Ola Electric moved on from the company. According to his LinkedIn profile, he was appointed CTO at Ola Electric ...
Ola Electric sees high-profile exits amid larger government scrutiny
Ola Electric sees high-profile exits amid larger government scrutiny
Source: IANS
12/05/2022 11:28:48 AM
Ola Electric pips rivals, becomes top Indian e-scooter firm Ola Electric has grabbed the top spot in the fast-growing electric vehicle (EV) market in India, in just five months of launching its first e-scooter. According to the government's Vahan portal data, Ola registered 12,689 e-scooter units in April, higher than the previous segment leader, Hero Electric. Ola registered 39 per cent growth in April over the previous month. At second spot, Okinawa Autotech registered about 10,000 e-scooters while Hero Electric registered 6,571 units t...
Ola Electric pips rivals, becomes top Indian e-scooter firm
Ola Electric pips rivals, becomes top Indian e-scooter firm
Source: IANS
4/05/2022 8:57:40 AM
EV maker Dispatch to launch purpose-built scooter in 2023 Homegrown e-scooter manufacturer Dispatch on Wednesday announced that it is all set to launch its first purpose-built scooter in the first quarter of 2023. The company said that the upcoming e-scooter, designed to enable shared and commercial applications, is the first purpose-built solution that is said to be tougher, reliable and adaptable for better unit economics and higher profitability. "Fleets are currently stuck with vehicles designed for personal ownership, without the rig...
EV maker Dispatch to launch purpose-built scooter in 2023
EV maker Dispatch to launch purpose-built scooter in 2023
Source: IANS
27/04/2022 3:07:04 PM
Statiq, EV maker Ather Energy join hands to enhance charging network Electric vehicle (EV) charging network platform Statiq on Friday announced that it has recently partnered with leading electric scooter manufacturer Ather Energy to enhance the combined network in north India. With this alliance, Statiq and Ather Energy are set to share EV charging locations in the north. "The EV industry is collaborative in nature and requires leading players to partner together to propel it forward into the future," Raghav Arora, co-founder of Statiq, said i...
Statiq, EV maker Ather Energy join hands to enhance charging network
Statiq, EV maker Ather Energy join hands to enhance charging network
Source: IANS
22/04/2022 5:31:03 PM
India plans new battery swap policy for electric scooters, rickshaws NEW DELHI - India is planning new rules to make batteries used in scooters, motorcyles and three-wheeled rickshaws swappable across different models, part of a proposed new policy released by think-tank Niti Aayog. Niti Aayog said the draft policy, which proposes standards for battery pack dimensions and charging connectors to support interoperability, will decouple battery costs from the upfront cost of buying electric vehicles, driving EV adoption. Swappable batteries are not currentl...
India plans new battery swap policy for electric scooters, rickshaws
India plans new battery swap policy for electric scooters, rickshaws
Source: Reuters
22/04/2022 3:28:44 PM
Okinawa Autotech recalls 3,215 units of electric scooters Electric two-wheeler manufacturer Okinawa Autotech has recalled 3,215 units of its 'Praise Pro' scooters. "This voluntary campaign is in the wake of the recent thermal incident and in line with the company's long-standing commitment to customer safety," the company said in a statement. Recently, social media was a buzz with pictures of electric two-wheelers catching fire. The social media postings did not show or specify the two-wheeler brand. According to th...
Okinawa Autotech recalls 3,215 units of electric scooters
Okinawa Autotech recalls 3,215 units of electric scooters
Source: IANS
17/04/2022 8:52:58 AM
Softbank-backed Ola Electric faces India probe after e-scooter fire NEW DELHI  - India is investigating how an e-scooter built by Ola Electric caught fire at the weekend, with the government worried the incident could cause panic and hamper growth of the nascent electric vehicle (EV) sector, a top bureaucrat told Reuters. For Prime Minister Narendra Modi's government, EVs are crucial to meeting India's carbon reduction target and reducing its fuel import bill. "If reasons for the damage are not nipped in the bud, it can spread panic af...
Softbank-backed Ola Electric faces India probe after e-scooter fire
Softbank-backed Ola Electric faces India probe after e-scooter fire
Source: Reuters
29/03/2022 8:09:17 PM
Urja Global jumps on setting up assembling unit for E-Scooters in Nashik Urja Global is currently trading at Rs. 19.20, up by 0.54 points or 2.89% from its previous closing of Rs. 18.66 on the BSE. The scrip opened at Rs. 19.59 and has touched a high and low of Rs. 19.59 and Rs. 18.56 respectively. So far 667177 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 34.85 on 14-Jan-2022 and a 52 week low of Rs. 5.11 on 20-Apr-2021. Last one week high and low of the scrip stood at Rs. 19.85 ...
Urja Global jumps on setting up assembling unit for E-Scooters in Nashik
Urja Global jumps on setting up assembling unit for E-Scooters in Nashik
Source: Accord Fintech
23/03/2022 11:43:35 AM
Ola Electric to raise e-scooter prices in next purchase window Ola Electric has announced that it will be raising prices of S1 Pro e-scooters in the next purchase window. The firm is slated to commence the next purchase window on March 17-18, coinciding with the Holi festival. Ola CEO Bhavish Aggarwal made the announcement of the price hike on his official Twitter handle. There's no mention of the exact range of the price increase. "Thanks to all who have purchased S1 Pro already and special thanks to those who've bought their 2nd o...
Ola Electric to raise e-scooter prices in next purchase window
Ola Electric to raise e-scooter prices in next purchase window
Source: IANS
18/03/2022 10:01:31 AM
Bajaj Auto inches up on looking to double network for electric scooter Chetak Bajaj Auto is currently trading at Rs. 3608.10, up by 11.65 points or 0.32% from its previous closing of Rs. 3596.45 on the BSE. The scrip opened at Rs. 3599.00 and has touched a high and low of Rs. 3610.70 and Rs. 3575.00 respectively. So far 241 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4347.95 on 01-Jun-2021 and a 52 week low of Rs. 3028.35 on 20-Dec-2021. Last one week high and low of the scrip stood ...
Bajaj Auto inches up on looking to double network for electric scooter Chetak
Bajaj Auto inches up on looking to double network for electric scooter Chetak
Source: Accord Fintech
18/02/2022 11:36:58 AM
India's Ather targets 1 million electric scooters a year as demand soars NEW DELHI  - Ather Energy, India's top electric scooter maker by revenue, is raising funds to ramp up annual production to one million scooters over the next three years amid a surge in demand, the startup's co-founder and chief executive told Reuters. Ather, which counts Tiger Global and Indian bikemaker Hero MotoCorp as investors, has raised about 12 billion rupees ($160 million) since its inception in 2013 and is in the process of raising more, Tarun Mehta said in an interv...
India's Ather targets 1 million electric scooters a year as demand soars
India's Ather targets 1 million electric scooters a year as demand soars
Source: Reuters
28/01/2022 5:39:48 PM
EV startups drive in modern, stunning e-scooters on Indian roads With a renewed thrust from the government on making electric vehicles (EVs) in coming years, the EV startups have taken a definite head start, introducing e-scooters in stunning finishes and top-of-the-line technology on the roads. The number of EV startups has increased dramatically in the last couple of years in the country, and brands like Ather Energy, Ola Electric, Okinawa, Bounce and more are expanding their lineup with modern, compelling products. The startups have introduced new...
EV startups drive in modern, stunning e-scooters on Indian roads
EV startups drive in modern, stunning e-scooters on Indian roads
Source: IANS
12/12/2021 11:18:49 AM
Ducati unveils its 'most advanced' e-scooter Italian motorcycle brand Ducati has unveiled its most advanced electric scooter yet, the Ducati Pro-III e-scooter at $924. The vehicle is switched on using innovative NFC technology, the contactless connection method. PRO-III is equipped with a token to start the scooter simply by bringing it close to the display, allowing the use of the vehicle only to the owner in possession of the chip. "The riding experience is made even safer by the 10-inch wheels with anti-puncture tubeles...
Ducati unveils its 'most advanced' e-scooter
Ducati unveils its 'most advanced' e-scooter
Source: IANS
7/11/2021 3:22:10 PM
Ola scooter receives 100K bookings in a day Ride-hailing major Ola on Saturday announced that its electric scooter has received a record-breaking 100,000 reservations within the first 24 hours, making it the most pre-booked scooter in the world. Ola Electric opened the reservation for its electric scooter on the evening of July 15. It can be reserved for Rs 499 via its official website -- olaelectric.com. "I am thrilled by the tremendous response from customers across India for our first electric vehicle. The unprecedented d...
Ola scooter receives 100K bookings in a day
Ola scooter receives 100K bookings in a day
Source: IANS
17/07/2021 1:06:10 PM
Coal`s share in India's power mix hits highest in over two years CHENNAI- Coal's share in India's electricity generation rose to the highest level in at least nine quarters during the first three months of 2021, government data showed, reversing a trend of renewable energy gaining at coal's expense. The share of renewable energy rose in 2020 when overall power demand was reduced by lockdowns to limit the pandemic. This year seasonal factors have limited output of renewables, including hydro electricity, which are weather dependent, helpin...
Coal`s share in India's power mix hits highest in over two years
Coal`s share in India's power mix hits highest in over two years
Source: Reuters
8/04/2021 4:36:02 PM
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Buy Havells Ltd For Target Rs.29 - Religare Broking
Buy Havells Ltd For Target Rs.29 - Religare Broking
Source: Religare Broking Ltd
18/03/2021 10:10:10 AM