#ola electric share price news

[plugincaro]

Is this the End of Petrol (ICE) Age in India?

The Indian two-wheeler market has witnessed a significant shift in recent years, with petrol scooters experiencing a notable decline in sales especially in November-December 2024. This trend is indicative of a broader movement towards sustainable and eco-friendly transportation solutions; signalling the end of the petrol (ICE) age in India. HERO MOTOCORP SALES – 2024 Hero MotoCorp, one of…

[travelrajkot]

taxi in rajkot - Radhekrishnatravel

The vibrant energy in Surat bustles with the cultural and commerce tapestry. Navigating the 'Diamond City of Gujarat' offers reliable taxi services and daily commutes the tourists with expeditions comfortable for them. Radhe Krishna Travel Taxi Services in Surat caters various experiences to customers and bustles with the cultural & commerce tapestry. In this article we will give a comprehensive overview on Surat's taxi services by exploring its types, factors, services, etc in the dynamic city of Gujarat.  Types of Taxi Services:  1. Aggregator Apps: Taxi Service in Rajkot The user-friendly apps for instant car booking like Ola, Uber etc may raise the urban mobility in Surat. It provides best customer services and offers a variety of cars according to individuals comfort with reasonable budgets. This taxi service in rajkot also offers some additional features like ride- sharing, cashless payments, add convence, real time tracking, transparent fares, etc. 

Traditional Taxis: Taxis in Rajkot The streets of Surat are personalised with traditional Taxis in Rajkot stands and independent operators and offer a variety of services dotted with the offers of competitive fares especially for local commuters with special attention. The fares can be negotiated by ensuring required metre usage.  3. Radio Cabs: Cabs in Rajkot Surat operates several radio cabs in Rajkot companies mainly known for its reliable & stable drivers with well maintained cars like Savaari and Meru Cabs. The cars can be booked through the companies website or phone apps with seamless experience and fixed fares for specific routes.  4. Airport Taxis: Airport Cab Near Me Pre-paid booths for dedicated taxis at the airport provide convenient transportation options at International Airport of Surat may offer fixed fares according to locations and can be booked easily through the customised phone apps or online platforms in advance.  Factors Affecting Your Ride:  Time of Day: During the rush hours like morning or evening app based taxis can surge higher demand of pricing, in these times it is good to book a taxi in advance or opt for a traditional taxi can be cost-effective. 

Distance and Route: Rajkot to Ahmedabad Distance and Route comprises Longer journeys or outstation trips might require different pricing fares according to location as Rajkot to Ahmedabad compared to short local rides. Some taxis may offer different deals and packages for outstation trips, while others charge per kilometre according to taxi rules.  3. Type of Vehicle: Best Taxi Service in Rajkot The budget is crucial in every type of vehicle so it is necessary to choose a car according to budget, whereas Best Taxi Service in Rajkot premium cars may come at a higher cost as compared to other cars. 

Additional Services: Car Rental in rajkot Taxi Services in Surat may offer certain services like Car rental in Rajkot add ons, luggage assistance, meet and greet and child seats for free if you are required for that. 

Local Knowledge: The local knowledge of Surat's taxi drivers is invaluable because of its intricate lanes and traffic. The local taxi drivers of Surat are familiar with shortcuts and less congested routes can save your valuable time.  Beyond the Ride:  Rajkot Cab Technologies are emerging in Surat's taxi services with new players constantly evolving the sustainability initiatives like electric Rajkot cabs are also gaining traction in car entertainment systems, cashless payments and GPS navigation are constantly increasing and becoming increasingly common. The Future of RadheKrishnaTravel Services in Surat: The future of Surat Radhe Krishna Travel taxi services are growing and modernise for further innovations and poised for taxi service integration with public transport systems by the adoption of AI-Powered accessibility for differently abled passengers potential for future development.  Conclusion:  The taxi services of Surat are vibrant with diverse options comfortable for all passengers with many add ons services, stable and comfortable rides in the evolving landscape of Surat ' The Diamond City of Gujarat' where the wheels outstanding Radhe Krishna Travel taxis may ride you safely with full protection at your destination and offers you various deals and services to fulfil your comfortable rides & trusted rides according to your budget. So in conclusion, the taxi services in Surat are the best choice for passengers to opt for a comfortable and secure ride with different types of car booked by customised mobile apps and websites and are easy to use with several additional options available. So if you are local or a visitor in Surat these taxis help you to derive the cultural landscape of the city in Gujarat.

[intensifyre]

Ola Electric Mobility share price rises 6%: Launches new range of scooters

Intensify Research is a trusted high accuracy stock market tips site committed to empowering investors with the most reliable stock market insights. Our team of expert analysts uses advanced tools and strategies to provide you with high accuracy stock market tips that enhance your chances of success. Whether you're looking for short-term opportunities or long-term growth, our precise recommendations are designed to maximize your investment returns.to visit-https://intensifyresearch.com/web/landingpage

[secretstalks]

Ola Electric’s CEO states the focus is on capturing consumer imagination, not just market share, during the Roadster launch

Ola is prioritizing consumer engagement and brand loyalty over market share, according to Co-Founder Bhavish Aggarwal. At a recent event, Ola Electric Mobility Ltd. introduced its first motorcycle lineup—the Roadster series—and teased two additional models.

The company also announced a rebranding of Ola Cabs to Ola Consumers. Aggarwal highlighted that the new electric motorcycles are built on the same platform as their scooters, aiming to enhance operational efficiency and growth. He stated, "As we ramp up production, we’ll leverage our existing factory and investments," noting that the motorcycles will initially have profit margins similar to those of their scooters.

In the June quarter, government policy changes resulted in a Rs 23 crore reversal in the PLI scheme, affecting their automotive segment just as it was nearing Ebitda positivity. Nevertheless, Aggarwal expressed optimism about the EV business, asserting, “We’ve demonstrated that EVs are a sustainable business model.”

Regarding market share, he emphasized that Ola's focus is on winning consumers' hearts by creating engaging products. The new bikes, priced between Rs 75,000 and Rs 2.5 lakh, aim to attract a diverse customer base. He noted that the transition to electric bikes is accelerating, with Ola positioned to lead in this emerging market with limited competition.

Despite reporting a widened net loss of Rs 347 crore for the quarter ending June 30, 2024, up from Rs 267 crore the previous year, Ola saw a 32% increase in revenue to Rs 1,644 crore.

On August 9, 2024, Ola Electric made its debut on the National Stock Exchange of India after an IPO that was oversubscribed by over 4.5 times. Although the stock opened at par, it has risen approximately 71% in just four trading sessions, with a more than 15% increase on Friday.

READ MORE

[honeybuddhahoe]

Hello Dear, 

I hope this message finds you well. I am writing to you, urgently pleading for your help. I appeal to your mercy and humanity to help us. Please don’t be surprised when I say that you, yourself, are my hope—the hope that can bring life back to me and my children. As you read this message, my family and I are hungry, thirsty, and terrified. We are homeless, depressed, and feeling hopeless. To be honest with you, I can endure famine, thirst, and homelessness, but I cannot bear the thought of watching my children die from starvation. 

I am a father of three children, striving alongside my wife to secure a decent life for them. After October 7th, our lives took a drastic turn with the onset of the cruel war on Gaza. Tragically, everything we owned was lost when our home and business were bombed and destroyed. We are now enduring a slow death, living a devastating life in Gaza. 

I am reaching out to you after exhausting all other options that could keep us alive. The basic needs of living and the harsh circumstances we are enduring have forced me to write this letter and extend a hand for help. I believe that your generosity and kindness can make a huge difference in our lives and give us the hope we so desperately need. 

In response to our dire circumstances, I have created a campaign to help my family rebuild our lives and meet our basic needs for food, water, and other essentials in these harsh conditions. My previous campaign, “tahseengaza,” was terminated, but my new campaign has been vetted by @olagaza, @90-ghost, & @northgazaupdates.  

All I ask is that you reblog the pinned post on my page and donate if you can. Your support would mean the world to us. Please consider visiting my GoFundMe page at https://www.gofundme.com/f/tahseen-family-from-gaza-not-to-feel-hungry By donating and sharing, you are helping me, my wife, and our three children survive the ravages of famine and genocide. You are giving us hope to rebuild our home and reclaim a life that was stolen from us. 

I would also greatly appreciate it if you could follow me to stay updated on our situation. I eagerly await your response and thank you in advance for your kindness and support. 

With deepest gratitude,  Tahseen 

Donate to Help Tahseen Family From Gaza not to Feel Hungry, organized by Nesma Khazendar

Hi, my name is Tahseen from Gaza City - Tal-Alhawa Area . As you are … Nesma Khazendar needs your support for Help Tahseen Family From Gaza

gofundme.com

Tahseen owned and operated a school for training new drivers in Tal al-Hawa, Gaza City. He made a good life for himself, providing for his wife, their three small children, and Tahseen’s parents. Unfortunately, everything was lost. His home and his business were destroyed by IOF bombing, and he and his family were displaced.

Since then, they have been forced to flee multiple places of shelter. Currently Tahseen and his entire family are crammed into a tiny apartment with multiple other families. They have no electricity, no running water, and no food. Right now, the only way to survive famine in north Gaza is to pay outrageously high prices for the limited available food.

Tahseen is asking for your support so that he can find food and basic necessities for his family. Please support Tahseen’s campaign, reblog this post, repost the link (https://gofund.me/ac834bda) to the campaign, and share it across all your social media accounts.

Thank you

Tahseen’s case is verified by northgazaupdates via Ola Ahel

[akhabarfactory]

Ola Electric IPO: This is the largest initial public offering of the year, and here's what GMP says

The opening of Ola Electric's initial public offering (IPO) today represents a noteworthy chance for primary market investors. Ola Electric is the largest electric two-wheeler manufacturer in India. The largest IPO of the year thus far is this one. About the Business Raising ₹2,763 Crores New Delhi: The ₹6,146 crore Ola Electric IPO is scheduled to launch today. The deadline for subscriptions is August 6. Notably, this is an Indian electric vehicle company's first initial public offering. The offering consists of 8.49 crore shares up for offer for sale (OFS) and new shares valued at ₹5,500 crores. In an effort to appeal to a larger spectrum of investors, the company has set a price range of ₹72–76 per share. The market worth in the upper price band is roughly ₹33,522 crores, which is less than the ₹48,000 crores it was valued at during its most recent funding round in September. The company's shares are trading at a premium of ₹15 on the black market. At the upper band, this corresponds to a 20% premium over the issue price. Bids may be placed in multiples of 195 shares, with lots of 195 shares available for purchase. 15% of the IPO is reserved for non-institutional investors, 10% is for retail investors, and 75% is for qualified institutional buyers (QIB). The money received will go toward general corporate purposes, research and development, working capital requirements, and debt repayment for subsidiary companies.

About the Business

Ola Electric is a 2017-founded company that specializes in electric cars and associated technology. Its factories make motors, battery packs, vehicle frames, and electric vehicles. It is India's top electric two-wheeler manufacturer. The business unveiled four motorbike models on August 15, 2023, with delivery scheduled to start in the first half of 2026. By the end of March 2024, Ola Electric had sold 506,817 Ola S1 and Ola S1 Pro scooters combined. In comparison to FY 2023, the company's operational revenue climbed by 90.42% to ₹5,009.8 crores in FY 2024, but its losses increased to ₹1,584.4 crores from ₹1,472 crores in the same year.

Raising ₹2,763 Crores

Axis Capital, ICICI Securities, SBI Capital Markets, BOB Capital Markets, Citigroup Global Markets India, BofA Securities India, Goldman Sachs (India) Securities, and Kotak Mahindra Capital are among the bankers for this issuance. The company received ₹2,763 crores from anchor investors prior to the IPO opening by issuing 36.35 crore shares at ₹76 per share. Nomura, Fidelity, HDFC MF, Franklin Templeton, HDFC Life Insurance, JM Financial MF, BNP Paribas MF, and SBI MF are among the anchor investors. Also Read: Himachal Pradesh’s Devastating Rainstorm: A Story of Cloudbursts and Devastation Read the full article

[gazetteweekly]

Ola Electric IPO: Prices Set at Rs 72-76 Per Share, Aiming to Raise Over Rs 6,100 Crore

Ola Electric Mobility Limited, the Bengaluru-based electric vehicle (EV) manufacturer, has announced the price band for its upcoming initial public offering (IPO). The shares will be offered at a price range of Rs 72–76 each, with the IPO set to open for subscription on August 2 and close on August 6. Investors can bid for a minimum of 197 shares and in multiples of 197 shares thereafter.

IPO Details

. Price Band: Rs 72–76 per share

. IPO Opening Date: August 2

. IPO Closing Date: August 6

. Minimum Bid: 197 shares

At the upper end of the price band, Ola Electric aims to raise Rs 6,145 crore, while the lower end targets Rs 6,111 crore. The IPO will consist of a fresh issue of up to Rs 5,500 crore and an offer for sale (OFS) of up to 8.49 crore shares worth Rs 645 crore. There is also a reservation for eligible employees.

Use of Proceeds

According to Bhavish Aggarwal, Chairman and Managing Director of Ola Electric, the proceeds from the fresh issue will be allocated as follows:

Rs 1,227.6 crore for capital expenditure by subsidiary OCT

Rs 800 crore for repayment or pre-payment of debt

Rs 1,600 crore for research and product development

Rs 350 crore for organic growth initiatives and general corporate purposes

Company Overview

Ola Electric specializes in manufacturing electric vehicles and core EV components, including battery packs, motors, and vehicle frames, at its Ola Futurefactory. The company aims to capitalize on the growing trend of EV adoption in India and plans to expand into select international markets.

Since delivering its first model, the Ola S1 Pro, in December 2021, Ola Electric has quickly become a leading electric two-wheeler (E2W) brand in India. The company has also introduced additional models, including the Ola S1, Ola S1 Air, and Ola S1 X+.

Future Plans

Ola Electric’s vertically integrated business model includes in-house R&D, manufacturing, supply chain management, and a direct-to-consumer (D2C) omnichannel distribution platform. The company plans to use its Generation 2 platform, initially developed for the Ola S1 scooter, for a new motorcycle range featuring four models: Diamondhead, Adventure, Roadster, and Cruiser.

The company’s facilities include a Futurefactory, Gigafactory, and a Battery Innovation Centre in Bengaluru, with ongoing construction of an EV hub in Tamil Nadu’s Krishnagiri and Dharmapuri districts.

As Ola Electric prepares for its IPO, the company’s focus on innovation and expansion continues to position it as a key player in the EV industry.

[market-insider]

Ferrosilicon Sector: In-Depth Analysis of Leading Players and Emerging Startups

The ferrosilicon market size is expected to reach USD 512.8 million by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 5.0% over the forecast period. Positive government policies to boost steel production is anticipated to augment the demand for Ferrosilicon (FeSi) in the country.For instance, in 2017, the government of India approved the National Steel Policy (NSP) 2017. The policy set a target to have a crude steel capacity of 300 million tons and seeks to rise the per capita steel consumption to 160 kg by 2030.The product is used as a deoxidizer in steel manufacturing. Thus, rising demand for steel is expected to propel the consumption of FeSi.

India Ferrosilicon Market Report Highlights

Due to the Russia - Ukraine war, the prices of various commodities increased, which impacted the production activities in India in the first half of 2022. For instance, according to the Institute of Indian Foundrymen, despite the growing demand for foundries in India, Kolhapur, Belgaum, and Rajkot, their foundry production reduced by 50%. This affected the demand for ferrosilicon in the country

Due to the increasing production of steel, the deoxidizer segment held the largest revenue share in 2022 and is anticipated to continue growing over the forecast period

Based on region, South India is expected to register a significant growth rate over the forecast period. The governments in the region are trying to boost the manufacturing sector in their states, which is expected to increase the consumption of steel and cast iron in the region

For More Details or Sample Copy please visit link @: India Ferrosilicon Market Report

Based on end-uses, the stainless-steel segment held the largest revenue share in 2022. The consumption of FeSi in the stainless-steel industry is around 5 to 10 times higher than that of regular carbon steel. Therefore, the overall growth of the segment is expected to have a positive effect on the industry growth over the forecast period

Based on application, the inoculant segment is expected to grow at a steady CAGR, in terms of volume, over the forecast period. Inoculant is used widely in cast iron manufacturing and its growing demand in various industries, such as energy, railways, and pipes, is propelling the product consumption. For instance, in February 2023, the Indian government announced a project for South Central Railways. The region received a sanction amount of INR 13,786 crore (USD 1,665.4 million), of which INR 4,418 crore (USD 533.7 million) is for rail projects in Telangana. This type of upgradation and investment in railway is anticipated to propel the use of cast iron over the forecast period. Based on end-use, the electric segment is expected to register significant growth over the forecast period.

Electric steel reduces core losses in motors used in electric vehicles (EVs) and thus improves their performance. Owing to this rising investment in EV manufacturing the consumption of FeSi will increase over the forecast period. For instance, in Feb 2023, Ola Electric signed an MOU with the Tamil Nadu government to set up an electric vehicle hub. According to the agreement, this EV hub is anticipated to include an advanced EV and cell manufacturing facility. The company is expected to invest around INR 7,600 crore (USD 918.1 million) for the same. Market participants are expanding their production capacity to stay ahead of their competition. For instance, in 2022, Berry Alloys Ltd. completed the expansion of its ferroalloy unit by installing a 2 x 12MVA Furnace and a 4 x 7.5MVA Furnace. The total production capacity of ferroalloys increased to 2,96,000 TPA.

[johnthejacobs]

Phenomenal Ola Cabs Share Price Surge

Introduction

In the fast-paced world of ride-hailing services, one company's meteoric rise has captured the attention of investors and industry observers alike. Ola Cabs, with its innovative approach to transportation and unwavering commitment to customer satisfaction, has experienced a remarkable surge in Ola Cabs Share Price, marking a significant milestone in its journey towards becoming a dominant player in the market. ANI Technologies Private Limited, commonly known as "OLA," along with its subsidiaries (collectively referred to as the "Group"), emerges as a prominent technology-driven service provider in the burgeoning cab-hailing market of India. Established with a noble mission to extend mobility solutions to a billion Indians, ANI stands out as one of the frontrunners in offering internet and mobile technology platforms tailored for commuters seeking cab-hailing services.

Distinguished as one of the leading companies in its domain, ANI facilitates seamless cab-hailing experiences through its innovative internet and mobile technology platforms. OLA, a flagship entity of the Group, holds the distinction of being one of the world's largest ride-hailing companies, with a presence spanning over 250 cities across India, Australia, New Zealand, and the United Kingdom. Leveraging its expansive network, OLA provides a diverse array of ride-sharing options, encompassing taxis, bikes, and auto-rickshaws, thereby catering to the diverse commuting needs of millions of customers.

Central to OLA's success is its user-friendly mobile application, which connects clients to a myriad of vehicles, including motorcycles, auto-rickshaws, metered taxis, and cabs. This seamless connectivity empowers both customers and over 1.5 million driver-partners with unparalleled convenience and transparency in their commuting endeavors.

OLA predominantly generates revenue through commission income and convenience fees levied on drivers who enlist on its platform. In the fiscal year 2021, a substantial 86.5% of its revenue stemmed from these sources. Moreover, OLA boasts an extensive pool of over 1.5 million registered drivers on its platform, underscoring its significant market presence and operational scale.

Further bolstering its technological prowess, OLA maintains robust research and development centers, with a notable presence in the United Kingdom. These centers house technical and engineering teams equipped with specialized expertise in product application and development. Notably, OLA Electric, a subsidiary focused on electric vehicles (EVs), has announced plans to establish a dedicated R&D facility in the U.K. with an investment of $100 million over the next five years, underscoring the company's commitment to advancing sustainable mobility solutions.

In the ride-hailing and taxi segment, OLA has witnessed steady user penetration, with figures reaching 7.3% in fiscal year 2022 and projected to rise to 7.5% by fiscal year 2027. Founded in December 2010 by Bhavish Aggarwal and Ankit Bhati, OLA epitomizes a visionary initiative aimed at democratizing mobility for a billion people.

Operating under the brand name "OLA," the Group functions as a privately held entity incorporated and domiciled in India, with its registered office situated in Bengaluru, Karnataka. With its relentless focus on innovation, customer satisfaction, and market expansion, OLA continues to redefine the landscape of urban mobility, exemplifying excellence in the cab-hailing industry.

Ola Cabs: Redefining Urban Mobility

Ola Cabs, often referred to simply as Ola, stands as a pioneering force in the ride-hailing industry. Established with the mission of revolutionizing urban mobility, the company has leveraged cutting-edge technology and forward-thinking strategies to offer convenient, reliable, and affordable transportation solutions to millions of commuters across the globe.

Innovative Services and Solutions

At the heart of Ola's success lies its relentless pursuit of innovation and customer-centricity. Through its diverse range of services, including Ola Micro, Ola Mini, Ola Prime, and Ola Rentals, the company caters to the diverse needs and preferences of its customers. Moreover, Ola's commitment to sustainability is evident in its initiatives such as Ola Electric and Ola Bike, which aim to promote eco-friendly modes of transportation and reduce carbon emissions.

Market Expansion and Strategic Partnerships

Ola's share price surge can be attributed, in part, to its strategic expansion initiatives and partnerships. The company has successfully expanded its presence beyond its home market in India to international destinations such as Australia, New Zealand, and the United Kingdom. Additionally, collaborations with government agencies, automotive manufacturers, and technology firms have bolstered Ola's market position and facilitated its growth trajectory.

Technological Advancements and Customer Experience

Ola's relentless focus on technological advancements and enhancing the customer experience has been instrumental in driving its share price upwards. The company's intuitive mobile app, advanced algorithms, and seamless booking process have set new benchmarks in the industry, garnering praise from both users and industry experts alike. Furthermore, Ola's emphasis on safety measures, driver training programs, and responsive customer support further enhances its reputation as a trusted and reliable service provider.

Financial Performance and Investor Confidence

Ola's robust financial performance and promising growth prospects have instilled confidence among investors, contributing to its share price surge. With impressive revenue figures, expanding market share, and strategic investments in future technologies, the company continues to attract investment interest from both institutional and individual investors. Moreover, Ola's transparent communication and proactive investor relations efforts further reinforce investor trust and bolster its market valuation.

Challenges and Future Outlook

Despite its remarkable success, Ola faces a set of challenges including regulatory hurdles, competition from rivals, and operational complexities. However, with its agile business model, innovative spirit, and resilient leadership, the company is well-positioned to overcome these challenges and capitalize on emerging opportunities in the ever-evolving transportation landscape. As Ola continues to innovate, expand its market presence, and diversify its service offerings, its share price is poised to reflect its continued growth and leadership in the ride-hailing industry.

Conclusion

The phenomenal surge in Ola Cabs' share price underscores the company's unwavering commitment to innovation, customer satisfaction, and sustainable growth. As it continues to redefine urban mobility and expand its global footprint, Ola is poised to maintain its upward trajectory in the ride-hailing industry. With a solid foundation, robust financial performance, and a relentless drive for excellence, Ola Cabs' share price surge is a testament to its status as a trailblazer in the transportation sector.

[martin-cambell]

Ola Electric’s Dynamic Duo: Raahi Autorickshaw and Roadster E-Bike Set to Electrify Urban Mobility!

Ola Electric, renowned for pioneering sustainable mobility solutions, is set to diversify its product lineup with the introduction of electric auto-rickshaws and e-bikes. Named Raahi, the autorickshaw and the Roadster e-bike are poised to revolutionize urban transportation.

Strategic Vision and Product Launch

Ola Electric’s expansion into electric autorickshaws and e-bikes underscores its commitment to providing eco-friendly commuting options. The imminent launch of Raahi and Roadster aligns with the company’s goal of catering to evolving commuter needs while establishing itself as a leader in electric mobility.

Innovative Offerings and IPO Preparation

With successful electric scooter models like Ola S1 Pro, S1X, S1X+, and S1 Air, Ola Electric has solidified its position in the electric vehicle sector. As it prepares for an IPO, the company aims to set new milestones with its upcoming launches. The introduction of electric auto-rickshaws and e-bikes further strengthens Ola Electric’s market presence and enhances its appeal to investors.

Strategic Moves and Financial Objectives

The unveiling of Raahi symbolizes Ola Electric’s strategic direction preceding its IPO. Diversifying its product portfolio and attracting investor interest are key objectives for the company. With plans to raise significant capital through its IPO, Ola Electric aims to fuel growth and expansion in the electric vehicle market.

Leadership and Market Disruption

Under the leadership of Bhavish Aggarwal, Ola Electric is poised to disrupt the electric vehicle landscape once again. Aggarwal’s innovative strategies and focus on competitive pricing and execution in the electric 3W domain signal a game-changing shift in urban transportation. Following its success in the electric 2W market, Ola Electric aims to replicate this achievement in the 3W segment.

As Ola Electric ventures into electric auto-rickshaws and e-bikes, it marks a significant milestone in its journey toward providing sustainable mobility solutions. With a strong leadership team, innovative offerings, and strategic market moves, Ola Electric is poised to capture a significant share of the burgeoning electric vehicle segment, driving positive change in urban transportation.

Also Read

Ultraviolette Unveils Fast-Charging Revolution Sparks Up India’s EV Landscape

[plugincaro]

The reason why Bajaj, TVS & Ather are nowhere close to Ola Electric

This video is proof enough to show that Ola is miles of all of their competitors put together… Ola Electric sales reflect that. But the next 10 years of Ola is going to put India on the world stage.

[sudeepkedar]

Electric Scooter Lift and Carrier Market 2024-2032; Growth Forecast & Industry Share Report

Electric Scooter Lift and Carrier Market is projected to be worth more than USD 282 million in revenue by 2032. The increasing emphasis on last-mile connectivity solutions is a major factor driving the market growth. The demand for efficient, eco-friendly transportation options is substantially rising due to rapid urbanization. To that end, electric scooters, coupled with innovative lift and carrier solutions, help provide a convenient and sustainable mode of transportation. Several businesses across major cities worldwide are also investing in infrastructure and policies to promote last-mile connectivity, further contributing to the popularity of electric scooters. For instance, in January 2024, Ola Electric sold over 8,200 scooters to ANI Technologies Ltd, a promoter group firm that plans to establish and develop its electric bike taxi service in several Indian cities.

Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/7729

Electric scooter lift and carrier market from the public transportation segment witnessed high demand in 2023 and is estimated to record considerable growth through 2032. Many cities globally are emphasizing sustainable and inclusive mobility solutions, surging the adoption of electric scooter lifts and carriers for individuals with reduced mobility to access public transport. The need to facilitate the seamless integration of electric scooters onto buses and other public transit vehicles, is also promoting universal mobility. Furthermore, rapid urbanization, government initiatives for accessible transportation, and the strong commitment to creating inclusive transit options will foster the segment growth.

Interior electric scooter lift and carrier market is projected to gain significant traction between 2024 and 2032. Interior lifts and carriers help cater to users seeking convenient and secure transportation solutions for their scooters. These systems are designed to fit seamlessly inside various types of vehicles for providing accessibility without compromising interior space. The growing demand for user-friendly and space-efficient mobility solutions, especially among individuals with limited mobility, will drive the product adoption.

Request for customization this report @       https://www.gminsights.com/roc/7729

Europe electric scooter lift and carrier industry is projected to surpass USD 70 million by the end of 2032 due to increasing urbanization, environmental consciousness, and the growing adoption of electric scooters for last-mile transportation. Electric scooters are gaining significance for short-distance commuting in the region. Additionally, the growing focus on sustainable mobility across European cities is surging the need for efficient scooter transport solutions. The implementation of policies favoring green transportation and accessibility will further accelerate the regional market growth.

Partial chapters of report table of contents (TOC):

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    Electric scooter lift and carrier market 3600 synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2024-2032

2.3    Regional trends

2.4    Type trends

2.5    Sales channel trends

2.6    End user trends

Chapter 3   Electric Scooter Lift And Carrier Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    Raw material suppliers

3.2.2    Component suppliers

3.2.3    Manufacturers

3.2.4    Service providers

3.2.5    Distribution channel

3.2.6    End users

3.3    Profit margin analysis

3.4    Technology & innovation landscape

3.5    Patent analysis

3.6    Price trend analysis

3.7    Key news and initiatives

3.7.1    Partnership/Collaboration

3.7.2    Merger/Acquisition

3.7.3    Investment

3.7.4    Product launch & innovation

3.8    Regulatory landscape

3.9    Impact forces

3.9.1    Growth drivers

3.9.1.1    Increasing adoption of electric scooters

3.9.1.2    Rising urbanization and traffic congestion

3.9.1.3    Growing awareness of accessibility needs

3.9.1.4    Ongoing technological advancements in electric scooter lift and carrier designs

3.9.2    Industry pitfalls & challenges

3.9.2.1    Regulatory compliance

3.9.2.2    Integration with existing infrastructure

3.10    Growth potential analysis

3.11    Porter's analysis

3.12    PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: sales@gminsights.com 

[freddiemark]

Understanding Ola Share Price: A Detailed Analysis

Ola, one of the pioneers in the ride-hailing industry, has not only revolutionized transportation but also become a significant player in the global market. Beyond offering mobility solutions, the company's performance in the stock market, as reflected in Ola Share Price, serves as a crucial indicator of its financial health, strategic direction, and market perception.

Introduction to Ola Share Price

Founded in 2010 by Bhavish Aggarwal and Ankit Bhati, Ola has expanded its operations from its origin in India to several international markets. Initially launched as a cab-hailing service, Ola diversified its offerings to include ride-sharing, electric vehicles, food delivery, and even financial services. The company's innovation, adaptability, and customer-centric approach have propelled it to the forefront of the mobility industry.

Historical Perspective of Ola Share Price

Analyzing the historical performance of Ola Share Price unveils significant trends, milestones, and events that have influenced its valuation. Since its initial public offering (IPO) or listing on the stock exchange, the share price movement reflects the market's response to the company's strategies, financial results, and industry dynamics.

Factors Influencing Ola Cabs Share Price

Understanding the multitude of factors influencing Ola Share Price is crucial for investors and stakeholders. These factors include:

Financial Performance

Ola's financial health, revenue growth, profitability, and cash flow significantly impact its share price. Quarterly earnings reports, profit margins, and efficiency in cost management influence investor sentiments.

Market Expansion and Diversification

The company's expansion into new markets, diversification of services beyond ride-hailing, and strategic acquisitions influence market perception and potentially drive Ola Share Price.

Technological Innovations

Ola's commitment to technological advancements, especially in areas like electric vehicles, autonomous driving, and user experience enhancements, can impact its competitive edge and, consequently, Ola Share Price.

Regulatory Environment

Changes in regulations governing transportation, safety, or technology can impact Ola's operations and affect investor confidence, subsequently impacting its share price.

Competitive Landscape

Rapid changes and competition within the ride-hailing and related industries can affect Ola's market share and overall valuation.

Recent Performance and Market Trends

Assessing recent trends in Ola Share Price reveals insights into its current standing in the market. Factors such as quarterly performance, strategic partnerships, technological advancements, and regulatory compliance play a pivotal role in influencing its share price.

Analyst Predictions and Recommendations

Financial analysts often provide predictions and recommendations regarding Ola Stock Price based on market research and industry trends. These insights serve as guidance for investors in making informed decisions.

Investor Sentiment and Stakeholder Perception

The sentiment among investors, stakeholders, and the general public regarding Ola's strategies, sustainability initiatives, and market positioning can impact its share price. Positive news, innovations, or controversies may influence investor sentiment.

Future Prospects and Outlook

Ola's future outlook and share price trajectory depend on its ability to navigate market challenges, innovate, expand its offerings, and maintain a competitive edge. The company's response to evolving consumer preferences, regulatory changes, and global economic shifts will shape its future valuation.

ConclusionOla Cabs Stock Price reflects not only its financial performance but also market sentiments, investor perceptions, and industry dynamics. While historical data and market trends provide insights, the company's strategic decisions, innovations, and adaptation to market changes will define its future share price movements. Investors and stakeholders should conduct thorough research and analysis before making investment decisions based on the fluctuations of Ola's share price.

[wealthview]

Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

New Post has been published on https://wealthview.co.in/ola-electric-ipo/

Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

Ola Electric IPO: Ola Electric is a young Indian electric vehicle (EV) company, aiming to disrupt the transportation landscape with its electric scooters and cars. They compete in the rapidly growing Indian EV market, fueled by government incentives and increasing environmental awareness.

Page Contents

Toggle

Ola Electric IPO Details:

Ola Electric Company Profile:

Ola Electric Financials:

Ola Electric IPO Objectives:

Ola Electric IPO Lead Managers & Registrar:

Ola Electric IPO Risks:

Ola Electric IPO Details:

IPO status: Not yet launched. DRHP filed with SEBI on December 22, 2023.

Expected timeline: Subscription likely in early 2024, listing soon after.

Offer size: Up to ₹5,500 crore fresh issue and offer for sale of 95,191,195 shares.

Price band: Not yet announced. Targeted valuation is $7-8 billion.

News and Developments:

Positive buzz: Filing the DRHP is a crucial step, generating excitement among investors and analysts.

Funding secured: Recent reports about Ola Electric securing $500 million in loan B financing demonstrate investor confidence.

Gigafactory progress: Progress on Ola’s ambitious Gigafactory project in Tamil Nadu adds weight to their production capabilities.

Market uncertainty: Global economic worries and potential inflation may dampen investor sentiment for risky ventures like IPOs.

Ola Electric Company Profile:

Ola Electric, a name synonymous with India’s electric vehicle revolution, is rapidly carving its niche in the burgeoning industry. Founded in 2017 by Bhavish Aggarwal, the mastermind behind Ola Cabs, Ola Electric has come a long way in its mission to disrupt the traditional transportation landscape. Let’s delve into the company’s history, operations, and market position.

A Brief History of Electrification:

2017: Ola Electric embarks on its electric journey, initially focusing on electric rickshaws.

2019: The company unveils its first electric scooter, the S1, followed by the S1 Pro in 2020.

2021: Ola Futurefactory, the world’s largest two-wheeler manufacturing facility, is inaugurated in Krishnagiri, Tamil Nadu.

2022: Ola launches its electric car, the Ola S1, marking its entry into the four-wheeler segment.

2023: The company files its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its highly anticipated IPO.

Operations and Market Position:

Products: Ola Electric currently offers a range of electric scooters, including the S1, S1 Pro, and S1 Air, along with its flagship electric car, the Ola S1.

Market Share: In the Indian electric two-wheeler market, Ola Electric holds a dominant position, capturing over 50% share in FY23. However, it faces stiff competition from established players like Hero Electric and Ather Energy.

Global Ambitions: Ola Electric aspires to become a global leader in the EV space, with plans to enter international markets like the UK and Australia.

Key Facts and Figures:

Funding: Ola Electric has raised over $1 billion in funding from prominent investors like SoftBank, Temasek, and Tiger Global.

Valuation: The company is currently valued at around $5.4 billion, potentially reaching $7-8 billion after its IPO.

Employees: Ola Electric employs over 10,000 people across its various operations.

Prominent Brands and Partnerships:

Ola Futurefactory: This state-of-the-art facility boasts a production capacity of 20 million electric two-wheelers per year.

Ola Electric Mobility Institute (OEMI): This dedicated institute focuses on research and development in electric vehicle technology.

Partnerships: Ola Electric has partnered with key players like Flipkart, Axis Bank, and Bharat Petroleum to facilitate e-commerce sales, financing options, and charging infrastructure development.

Milestones and Achievements:

Building the world’s largest two-wheeler factory.

Becoming the leading electric two-wheeler manufacturer in India.

Developing and launching its own electric car within a short timeframe.

Competitive Advantages and USP:

First-mover advantage in the Indian electric scooter market.

Vertically integrated operations, including battery production.

Focus on cutting-edge technology and innovation.

Building a robust charging infrastructure network.

Ola brand recognition and established customer base.

Ola Electric’s journey is a testament to its ambition and agility in the dynamic EV landscape. With its aggressive expansion plans, focus on innovation, and strategic partnerships, the company is poised to play a pivotal role in shaping the future of mobility in India and beyond.

Ola Electric Financials:

Revenue: Ola Electric has demonstrated explosive revenue growth in FY23, with total revenue reaching Rs. 2,782 crore, a rise of over 500% compared to FY22. This growth is primarily driven by increased sales of its electric two-wheelers.

Profitability: Despite the remarkable revenue increase, the company continues to incur losses. Net loss in FY23 stood at Rs. 1,472 crore, widening from Rs. 784 crore in FY22. This is mainly due to high operating expenses associated with factory setup, research & development, and marketing initiatives.

Ola Electric IPO Objectives:

Ola Electric’s decision to go public through an IPO is driven by several key objectives, all of which align with its ambitious future growth strategy:

1. Capital Raising: The primary objective is to raise funds, estimated to be around Rs. 7,250 crore, through a combination of fresh issue and offer for sale (OFS). This capital injection is crucial for:

Funding Growth: Ola Electric aims to expand its product portfolio beyond electric scooters, introducing new models and venturing into four-wheeler segments like electric cars and commercial vehicles.

Building Manufacturing Capacity: Scaling up production capacity for existing and future models requires significant investments in infrastructure and technology. Ola’s Futurefactory, while impressive, needs additional resources to meet its long-term goals.

R&D and Innovation: Continued investment in research and development is essential for staying ahead in the rapidly evolving EV landscape. This includes battery technology advancements, autonomous driving features, and other cutting-edge innovations.

Debt Reduction and Financial Flexibility: A portion of the raised funds might be used to repay or pre-pay existing debt, enhancing the company’s financial stability and flexibility for future investments.

2. Enhanced Brand Recognition and Market Credibility: Going public brings Ola Electric under the public spotlight, increasing brand recognition and attracting a wider investor base. This can solidify its position as a leading player in the Indian EV market and strengthen its credibility among potential partners and customers.

3. Access to Talent and Partnerships: A successful IPO can attract and retain top talent, crucial for executing the company’s growth strategy. Public listing also opens doors for potential partnerships with established players in the automotive, technology, and financial sectors.

Ola Electric IPO Lead Managers & Registrar:

Ola Electric has entrusted a consortium of renowned investment banks to act as lead managers for its highly anticipated IPO:

Lead Managers:

Kotak Mahindra Capital Company Limited: A leading financial institution in India with extensive experience in managing large-scale IPOs, including SBI Cards, HDFC Life, and LIC.

Citigroup Global Markets India Private Limited: Renowned global investment bank with a strong track record in IPOs across various sectors, including Zomato, Nykaa, and Paytm.

BofA Securities India Limited: Global leader in investment banking with extensive experience in managing major Indian IPOs like IRCTC, Indian Railway Finance Corporation, and Coal India.

Goldman Sachs (India) Securities Private Limited: Reputable investment bank with deep expertise in handling tech-oriented and high-growth IPOs, including Delhivery, Macrotech Developers, and Policybazaar.

Axis Capital Limited: Leading domestic investment bank with successful involvement in IPOs like Adani Wilmar, Glenmark Life Sciences, and Dixon Technologies.

ICICI Securities Limited: Established Indian financial institution with significant experience in managing IPOs like Sona BLW Precision Forgings, Indigo Paints, and Astral Poly Technik.

SBI Capital Markets Limited: Investment arm of India’s largest bank, SBI, with significant involvement in IPOs like Glenmark Pharmaceuticals, Larsen & Toubro Infotech, and Indiabulls Real Estate.

BOB Capital Markets Limited: Investment banking arm of Bank of Baroda, with experience in managing IPOs like Aavas Financiers, RBL Bank, and Sundaram Asset Management.

Track Record:

These lead managers collectively boast a proven track record of successfully managing complex IPOs in diverse sectors, highlighting their experience, expertise, and network of investors. This expertise provides investors with confidence in the execution and overall success of the Ola Electric IPO.

Registrar:

Link Intime India Private Limited is appointed as the registrar for the Ola Electric IPO. The registrar’s role involves handling shareholder records, managing share transfers, dividend payments, and other administrative tasks related to the issue and trading of shares. This ensures a smooth and transparent process for investors throughout the IPO and beyond.

Ola Electric IPO Risks:

While Ola Electric’s IPO holds immense potential, it’s crucial to acknowledge and understand the inherent risks associated with investing in this high-growth, high-risk venture. Here are some key points for potential investors to consider:

Industry Headwinds: The EV market, despite its promising prospects, faces challenges like rising battery costs, dependence on government subsidies, and the potential for policy changes. These factors could impact Ola Electric’s profitability and growth trajectory.

Company-Specific Challenges:

Profitability Concerns: Ola Electric continues to incur significant losses, raising concerns about its ability to achieve long-term profitability. The company’s ambitious growth plans might further strain its finances in the short term.

Intense Competition: Established players like Hero Electric and Ather Energy, along with potential new entrants, will intensify competition in the Indian EV market. Ola Electric needs to differentiate itself and maintain its market share to achieve sustained success.

Manufacturing and Supply Chain Risks: Reliance on imported components and potential supply chain disruptions can impact production timelines and delivery schedules, affecting the company’s ability to meet demand.

Execution Risks: Implementing Ola’s ambitious expansion plans and future ventures like car production requires strong execution capabilities. Any missteps or delays could hinder the company’s progress.

Financial Health:

While Ola Electric’s revenue growth is impressive, its current financial position raises some red flags for investors:

High Losses: The company’s net loss nearly doubled in FY23, highlighting the need for significant improvement in cost management and profitability.

Limited Operating History: Ola Electric is a relatively young company with limited operating history, making it difficult to assess its long-term viability and ability to overcome challenges.

Debt Levels: While currently low, the company might need to take on debt to finance its expansion plans, potentially increasing its financial risks.

Ola Electric Mobility Limited – DRHP

Also Read: How to Check IPO allotment status?