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Latest Articles in Bhavish Aggarwal

Ola Electric Planning To Build 50GwH Battery Cell Manufacturing Unit In India

Ola Electric needs 40 Gwh of battery capacity to power 10 million electric scooters annually. The remainder will be for its electric cars, which the company plans to manufacture in the future.

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Government Orders Probe In Ola Electric Scooter Fire Incident

The Centre for Fire Explosive and Environment Safety (CFEES) has been asked to probe the circumstances that led to the incident and also suggest remedial measures, according to the Ministry of Road Transport and Highways

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Ola Electric Raises $200 Mn At Valuation Of $5 Bn

“I thank the investors for their support and look forward to partnering with them to take the EV revolution from India to the world” Bhavish Aggarwal, Founder & CEO, Ola

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Ola Electric To Open Final Payment Window For Scooter Buyers On January 21

The company, which had last month stated that it has dispatched its electric scooters to all who have purchased in the previous round, will dispatch for the latest purchase during this month and February

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Ola Electric Says Dispatched E-scooters To All Buyers, To Open Next Purchase Window 'Very Soon'

The company, after opening bookings at Rs 499, had initially planned to start deliveries in October but was later pushed to November and then again to the second half of December.

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Ola Raises US$500M Through Institutional Term Loan Ahead Of IPO In 2022

Ola is expected to utilize the term loan to fuel its vision for the future of mobility across its various businesses including ride hailing, vehicle commerce, delivery with foods, quick commerce and financial services.

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Ola Plans IPO In First Half Of 2022

While Ola's finances have bounced back in recent months, Aggarwal said the company was working to improve them further after they were hit by the COVID-19 pandemic.

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Ride Hailing Firm Ola Plans IPO In Q1 Of 2022

Indian companies have raised a staggering $9.7 billion through initial public offerings (IPOs) in the first nine months of 2021, according to accountants EY, but the dismal stock market debut of Indian digital payments firm Paytm last month has caused worries among some bankers.

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Ola Strengthens Its Leadership Team, With Key Appointments Across Businesses

PV Harinarayan joins as VP Lending, Ola Financial Services, V Ramesh joins as Head of Operations at Ola Futurefactory, Priteesh Mahajan as Head of Two-wheeler Programme Management and Product Planning at Ola Electric

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Ola Unveils 'Ola Cars' For Vehicle Buying, Appoints Arun Sirdeshmukh As CEO

The Bengaluru-based company is also looking at scaling the reach of the platform Ola Cars to 100 cities by the next year.

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Ola Electric Raises Over $200Mn At $3Bn Valuation

Ola will accelerate the development of other vehicle platforms including electric motorbike, mass-market scooter, and its electric car.

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Ola Looking To Raise Up To $1.5 Bn Via IPO

Ola had announced an investment of USD 500 million (about Rs 3,733 crore) from Temasek, Warburg Pincus affiliate Plum Wood Investment and Bhavish Aggarwal.

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Companies That Want To Import Vehicles Into India Should Invest Here: Ola CEO

"It is not only about sustainability; it is about growing the Indian technology ecosystem, growing the manufacturing ecosystem."

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Ola Allocates An Additional ESOPS Worth ₹400 Crores In The Run-Up To Its IPO

The allocation rewards Ola’s high impact employees and will lead to long term wealth creation for them.

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Ola Electric Opens Bookings For Ola Scooter

The Ola Scooter can be booked for ₹499, with priority delivery for those who book now.

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