Ola Electric Shares
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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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Ola Electric Shares In Spotlight As Hyundai, Kia Exit Via Rs 690 Crore Block Deals
Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million).
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Ola Electric Shares Drop Over 7% Amid Insolvency Petition; Hit 52-Week Low
Shares of Ola Electric Mobility Ltd tanked after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
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Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
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Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
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Ola Electric Nosedives 8% Day After Bhavish Aggarwal-Kunal Kamra Spat
The shares of Ola Electric Mobility plunged steeply over 8% this morning, down 43% from its post-listing peak, as complaints about its flagship electric two-wheelers kept flooding social media.
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Ola Electric's Shares Fall Over 8% As Angry Customers Flood Social Media
Bhavish Aggarwal-led Ola Electric saw its stock crashing to about Rs 90 a piece in the morning trade on Monday, as aggrieved customers flooded social media platforms again with a myriad of issues with its flagship electric two-wheeler.
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"Worst EV": Frustrated Bengaluru Woman Uses Placard Urging Public To Avoid Ola Electric Scooter
Ms Gowri shared a photo of her scooter with a sign that read, "Dear Kannadigas, Ola is a useless two-wheeler. Please do not buy an Ola Electric scooter."
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Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption
Ola Electric's shares surged on Friday as the company's investors bet on increasing adoption of EVs in the country. Ola Electric's $734 million IPO is India's biggest so far in 2024 and with a 39% market share as of July, Ola Electric dominates sales of electric scooters in India, having launched its first model just three years ago.
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Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion
Ola Electric's IPO will open for retail subscription on August 2, the EV maker has confirmed via a regulatory filing. The stock offering is set to value the company between $4.2 billion to $4.4 billion, about 18.5% to 22% lower than in its last funding round in September, two people familiar with the matter told Reuters.
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"Future Of Mobility": Ola CEO Bhavish Aggarwal Shares Video Of Self-Driving Scooter
Ola claims that the Solo is an electric scooter that is traffic-smart, AI-enabled, and completely autonomous
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Ola Electric Plans to File Paperwork for Its $700 Million IPO by End of October: Details
India's Ola Electric plans to file regulatory papers for its up to $700 million (roughly Rs. 5,815 crore) IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion (roughly...
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Ola Electric's CEO Introduces Newest Employee 'Bijlee', Wins Hearts Online
Mr Aggarwal shared a photo of the canine and its official Ola Electric ID card.
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Ola Electric Expects to Quadruple Revenue This Financial Year, Reveal Company Documents
Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion (nearly Rs. 12,300 crore) this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government to e-scooter incenti...
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Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
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.
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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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Ola Electric Shares In Spotlight As Hyundai, Kia Exit Via Rs 690 Crore Block Deals
Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million).
-
Ola Electric Shares Drop Over 7% Amid Insolvency Petition; Hit 52-Week Low
Shares of Ola Electric Mobility Ltd tanked after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
-
Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
-
Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
-
Ola Electric Nosedives 8% Day After Bhavish Aggarwal-Kunal Kamra Spat
The shares of Ola Electric Mobility plunged steeply over 8% this morning, down 43% from its post-listing peak, as complaints about its flagship electric two-wheelers kept flooding social media.
-
Ola Electric's Shares Fall Over 8% As Angry Customers Flood Social Media
Bhavish Aggarwal-led Ola Electric saw its stock crashing to about Rs 90 a piece in the morning trade on Monday, as aggrieved customers flooded social media platforms again with a myriad of issues with its flagship electric two-wheeler.
-
"Worst EV": Frustrated Bengaluru Woman Uses Placard Urging Public To Avoid Ola Electric Scooter
Ms Gowri shared a photo of her scooter with a sign that read, "Dear Kannadigas, Ola is a useless two-wheeler. Please do not buy an Ola Electric scooter."
-
Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption
Ola Electric's shares surged on Friday as the company's investors bet on increasing adoption of EVs in the country. Ola Electric's $734 million IPO is India's biggest so far in 2024 and with a 39% market share as of July, Ola Electric dominates sales of electric scooters in India, having launched its first model just three years ago.
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Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion
Ola Electric's IPO will open for retail subscription on August 2, the EV maker has confirmed via a regulatory filing. The stock offering is set to value the company between $4.2 billion to $4.4 billion, about 18.5% to 22% lower than in its last funding round in September, two people familiar with the matter told Reuters.
-
"Future Of Mobility": Ola CEO Bhavish Aggarwal Shares Video Of Self-Driving Scooter
Ola claims that the Solo is an electric scooter that is traffic-smart, AI-enabled, and completely autonomous
-
Ola Electric Plans to File Paperwork for Its $700 Million IPO by End of October: Details
India's Ola Electric plans to file regulatory papers for its up to $700 million (roughly Rs. 5,815 crore) IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion (roughly...
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Ola Electric's CEO Introduces Newest Employee 'Bijlee', Wins Hearts Online
Mr Aggarwal shared a photo of the canine and its official Ola Electric ID card.
-
Ola Electric Expects to Quadruple Revenue This Financial Year, Reveal Company Documents
Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion (nearly Rs. 12,300 crore) this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government to e-scooter incenti...
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Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
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.
