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Temasek leads $140 million Ola Electric funding at $5.4 billion valuation Singapore's investment firm Temasek led a $140 million funding round in India's Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering. The investment round has been closed and Ola will be receiving the funds within a week's time, though there will be another round of fund raising before it files papers for an up to $1 billion IPO planned for late 2023, said the first...
Temasek leads $140 million Ola Electric funding at $5.4 billion valuation
Temasek leads $140 million Ola Electric funding at $5.4 billion valuation
Source: Reuters
7/09/2023 2:39:59 PM
India`s Ola Electric launches its most affordable e-scooter Ola Electric, India's largest maker of electric scooters, launched its most affordable ride on Tuesday, in an effort to woo more buyers as the price of e-scooters moves closer to gasoline models
India`s Ola Electric launches its most affordable e-scooter
India`s Ola Electric launches its most affordable e-scooter
Source: Reuters
15/08/2023 12:53:52 PM
Ola Electric registers whopping Rs 784cr loss in FY22 IPO-bound Ola Electric posted a net loss of Rs 784.1 crore in the financial year FY22, a four times jump from Rs 199.2 crore in FY21. The company finally published its financial results for fiscal year 2021-2022, registering Rs 373 crore in operating revenue during FY22, as compared to Rs 0.86 crore in FY21. As per its FY22 results filed with the Registrar of Companies (RoC), the total expenditure stood at Rs 1,240.4 crore in the reported fiscal year. However, FY22 figures are not co...
Ola Electric registers whopping Rs 784cr loss in FY22
Ola Electric registers whopping Rs 784cr loss in FY22
Source: IANS
11/08/2023 10:36:54 AM
Vanguard slashes Bhavish-run Ola`s valuation by 52% at $3.5 bn Leading US asset manager Vanguard has further slashed its holding in ride-hailing major Ola by more than half, which takes Bhavish Aggarwal-run company’s valuation down to nearly $3.5 billion from $7.3 billion at the end of 2021, the media reported on Tuesday. According to a TechCrunch report, citing Vanguard’s filings, the investment firm has cut the worth of its shares in Ani Technologies, Ola’s holding firm, by 51.6 per cent. "The asset manager marked down the ...
Vanguard slashes Bhavish-run Ola`s valuation by 52% at $3.5 bn
Vanguard slashes Bhavish-run Ola`s valuation by 52% at $3.5 bn
Source: IANS
2/08/2023 2:59:34 PM
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
India`s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak India's Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp and Tiger Global Management, and was valued at $5 billion in its last fundraise in 2022. More investment banks are likely to be added closer to the deal, the ...
India`s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak
India`s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak
Source: Reuters
25/05/2023 2:51:09 PM
Electric 2-wheelers grew 300% in India in 2022: Report The automotive electric 2-wheelers (E2W) market grew by more than 300 per cent (year-on-year) in CY2022, a report has said. By 2025, the share of E2Ws and connected 2-wheelers (C2W) will both cross 50 per cent. The share of C2Ws grew over 20 per cent YoY last year and the high-speed electric vehicles market grew 90 per cent, according to CyberMedia Research (CMR)'s 'India Electric 2 Wheelers (E2W) Report'. "In CY2022, there has been a growing momentum towards electri...
Electric 2-wheelers grew 300% in India in 2022: Report
Electric 2-wheelers grew 300% in India in 2022: Report
Source: IANS
10/02/2023 12:16:41 PM
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
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities Adani Airport Holdings increases borrowing limit by Rs 2,500 crore The Adani Group has increased the borrowing limit of its airport arm — Adani Airport Holdings (AAHL) — from Rs 14,000 crore to Rs 16,500 crore to fund the expansion of its eight airports across the country AAHL currently manages seven functional airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. It is also building Navi Mumbai airport, which is expected to start oper...
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities
Source: ARETE Securities Ltd
5/12/2022 9:39:30 AM
Ola Electric opens 14 new experience centres in India, plans 200 by year-end Ola Electric on Monday announced that it has expanded its direct-to-consumer (D2C) footprint by opening 14 new experience centres across 11 cities in the country. The company opened 3 centres in Bengaluru, two in Pune and one each in Ahmedabad, Dehradun, Delhi, Hyderabad, Kota, Bhopal, Nagpur, Ranchi and Vadodara, it said in a statement. Ola Electric now has more than 50 experience centres and aims to open 200 by the end of this year. The centres allow electric vehicles (EV) enthusia...
Ola Electric opens 14 new experience centres in India, plans 200 by year-end
Ola Electric opens 14 new experience centres in India, plans 200 by year-end
Source: IANS
29/11/2022 9:24:57 AM
Ola Electric launches new e-scooter for introductory price of Rs 79,999 Ola Electric on Saturday launched an all-new Ola S1 Air electric scooter at a special introductory price of Rs 79,999. The e-scooter weighs 99 kgs and claims to deliver top speed of 85 km per hour, and goes from zero to 40 in just 4.3 seconds. The new S1 Air is built on the S1 platform, is powered by a 2.5KWh battery pack and a 4.5KW hub motor. The new S1 Air offers a two-tone body colour scheme and is available in five colours -- Coral Glam, Neo Mint, Porcelain White, Jet Black and ...
Ola Electric launches new e-scooter for introductory price of Rs 79,999
Ola Electric launches new e-scooter for introductory price of Rs 79,999
Source: IANS
23/10/2022 9:13:18 AM
Hero Electric sells record over 10K EV 2-wheelers in a month, Ola Electric falters Hero Electric once again led the Indian electric vehicle (EV) two-wheeler segment in August, selling a record and highest-ever 10,476 vehicles in one month, followed by Okinawa Autotech at 8,554 vehicles, the latest government VAHAN data has revealed. Hero Electric had sold 8,954 EV two-wheelers in July while Okinawa Autotech had sold 8,096 two-wheelers. Bhavish Aggarwal-run Ola Electric sold 3,421 EV two-wheelers in August, a drop from 3,862 units the company sold in July, indicating t...
Hero Electric sells record over 10K EV 2-wheelers in a month, Ola Electric falters
Hero Electric sells record over 10K EV 2-wheelers in a month, Ola Electric falters
Source: IANS
1/09/2022 4:02:34 PM
Now Ola Electric`s battery unit head Ashok Saraswat moves on There is no stopping resignations of senior executives at Ola Electric and now, its head of advanced battery engineering, Ashok Saraswat, has moved on. Saraswat, who joined SoftBank-backed Ola last year, is set to join a company that is entering the battery business, reported The Economic Times, citing sources. When reached out, Ola Electric did not comment on the development. More than half a dozen senior executives have quit Ola Electric in recent months, as the Bhavish Aggarwal-ru...
Now Ola Electric`s battery unit head Ashok Saraswat moves on
Now Ola Electric`s battery unit head Ashok Saraswat moves on
Source: IANS
31/08/2022 5:26:32 PM
NACL Industries L Q1 net profit up 5.73% at Rs 15.13 cr The company reported standalone net profit of Rs 15.13 crore for the quarter ended June 30, 2022 as compared to Rs 14.31 crore in the same period last year, registering a year-on-year growth of 5.73 per cent. Net revenue of the company rose substantially by 46.40 per cent at Rs 475.34 crore in April-June quarter of this fiscal as against Rs 324.68 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 49.57 per cent to Rs 443.17 crore from R...
NACL Industries L Q1 net profit up 5.73% at Rs 15.13 cr
NACL Industries L Q1 net profit up 5.73% at Rs 15.13 cr
Source: Dion Global Solutions Ltd
29/07/2022 9:16:35 AM