#olaelectric

[npskudlu]

National Public School Kudlu says that India has discovered 5.9 million tonnes of lithium resources in salala - haimana area of Jammu and Kashmir's union terrirtory.

India is proud to announce the discovery of a new lithium deposit with 5.9 million tonnes of inferred lithium resources! This is a major breakthrough for the country and a huge leap forward in our mission to become a leader in the global lithium market and EV industy. www.npskudlu.com

[kharido-ev]

The Ola Electric S1 Pro is redefining the future of urban mobility with its unmatched performance, smart features, and sustainability. With a top speed of 116 km/h and a range of up to 181 km, it's truly the #1 EV scooter in India. Power, speed, and style – all in one!

[arun37122]

Ola Electric stock update | Ola electric share news | Ola electric share...

[usnewsper-business]

Ola Electric's S1 X e-scooter gets a big price cut for greener rides! #electricvehicles #OlaElectric #pricecut #S1Xescooter #sustainabletransportationoptions

[talentpiee]

EV giant Ola Electric has raised Rs 3,200 crore ($385 million) in a mix of equity and debt funding from Singapore-based Temasek and the State Bank of India (SBI).

In addition to business expansion, The EV giant will also use the raised capital to set up its lithium-ion cell manufacturing facility—Ola Electric calls it its 'Gigafactory'—in Krishnagiri, Tamil Nadu.

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[twnenglish]

Success Story Behind Bhavish Agarwal's Ola Cabs

While the majority of us dream of owning posh vehicles with cool drivers, meet this Indian entrepreneur who enchanted the lives of millions by curating the best online "Book A Ride" service. The mastermind behind one such 'e-commerce' venture gave people relief from traveling by chaotic rickshaws or buses.

Bhavish Agarwal is an Indian entrepreneur and a co-founder of "Ola Cabs" who hails from Punjab, Ludhiana, and was born on 28th August 1985. He then graduated from IIT Bombay in 2008 with a bachelor’s degree in Computer Science and Engineering. He lives in Bangalore now. Apart from working non-stop, he enjoys cycling, playing squash, and owns a photography blog, which shows how much he admires photography. His favorite book includes "Biography of Steve Jobs".

Since Bhavish Agarwal is a savvy tech, he started his own blog as a blogger at Desitech. From 2008 till 2009. Desitech, In loyally hosts content related to tech geek things and is all about Indian start-ups, events, etc. While he was already laddering up the success shield, he kick-started his career with a bang enduring a position with a highly reparative company "Microsoft Research" as a research intern and got restored at a later stage as assistant research for 2 years from 2008 till 2010. At the same time, he got 3 papers published in internal journals by filing 2 patents. Bhavish then soon ditched his job to build an empire of online rental cab service known as "OLA CABS" in 2010 which was a re-branding of his previous venture.

To Read This Full ARTICLE, Click Here

[bikekhoj]

Ola Electric is getting ready to launch its most affordable electric scooter, the S1 Air, and has announced that the buying window will open on July 28. However, Ola community members and those who reserve it early will receive the S1 Air for an introductory price of Rs. 1,09,999, available from July 28 to July 30. Following that, the S1 Air’s price would be increased to Rs. 1,19,999 (all ex-showroom, Bengaluru).

Know more details: https://bikekhoj.com/ola-s1-air-booking-dates-published/

[ratanlal123]

Important Updates For #StockMarketIndia in this week

Order win also included

🔥 Sahana Systems Limited has bagged a prestigious order worth ₹25.37 crore to provide cutting-edge IT solutions for India's toll infrastructure system.

This milestone achievement highlights the company's strong position in the industry and marks a significant leap in its

VA Tech Wabag has secured a major order worth ₹700 crore in Zambia for a wastewater treatment project. 🌍💧

This achievement underscores the company's growing global presence and leadership in sustainable water management solutions. 🌱🚀

JSW Energy Update:

🌟 Subsidiary: JSW Neo Energy

🤝 Deal: Signed an agreement with O2 Power Pooling Pte, O2 Power SG Pte, and certain individuals

📦 Acquisition Targets: O2 Power Midco Holdings Pte and O2 Energy SG Pte

💰 Deal Value: $1.47 billion (approximately ₹12,468 crore)

This acquisition strengthens JSW Energy's renewable energy portfolio, marking a significant step toward sustainable growth. 💡🌍✨

CAMS Update:

Pullakurthi Srinivasa Reddy, the Chief Technology Officer (CTO), has resigned from his position, with the resignation effective December 27, 2024. 🏢🚶‍♂️

The company is expected to announce plans for leadership transition in the technology division soon.

🚨 Breaking: Ola Electric sees 2 high-level resignations today.

The Chief Marketing Officer (CMO) and Chief Technology Officer (CTO) have stepped down, effective immediately.

Big changes at the company – more details to follow. #OlaElectric #Resignation #LeadershipChange

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[hindustanmorning]

Diwali sale: The Ola S1 scooter range now starts at Rs 49,999. See details.

Ola Electric has launched its highly anticipated Biggest Ola Season Sale, providing exclusive early access to its community members with exceptional offers on the Ola S1 electric scooter line. Bhavish Aggarwal, CEO of Ola Electric, announced the sale on X (previously Twitter), writing, “The @OlaElectric BOSS sale is now live for early access to our wonderful community today! Crazy deals and…

[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

[kharido-ev]

Say hello to the Ola Roadster, the sleek new addition to the Ola Electric family. ⚡️🔋 #ElectricBikes #electricvehicles #ola #olaelectric