Ola Electric to Make EVs, Batteries in Tamil Nadu with Investment of Rs 7,614 Crore Updated On Mon, Feb 20th, 2023 by Saurenergy The Tamil Nadu government has issued a statement that electric vehicle manufacturer Ola Electric will be investing Rs 7,614 crore ($920 million) in Tamil Nadu for the production of electric cars and batteries for electric vehicles (EVs). The investment of $920 million from the firm will come through its subsidiaries Ola Electric Technologies and Ola […] Read more
Ola Electric Mulls Introduction of Service Subscription Plans Updated On Thu, Jan 5th, 2023 by Saurenergy Ola Electric has announced that the company may launch service a subscription service in the coming week. Ola Electric Chief Executive Officer, Bhavish Aggarwal, made the announcement about the service subscription plans of the company on Twitter. Without offering much information about the plan, Aggarwal asked on the social media platform what kind of benefits […] Read more
Ola Electric Leads In December 2022 Too, As Electric 2 Wheeler Sales Top 6 Lac For 2022 Updated On Wed, Jan 4th, 2023 by Saurenergy Ola Electric claims to have sold 25,000 units of electric scooters in December 2022. This figure includes undelivered units, so actual numbers are closer to a still creditable 17,000 plus, out of industry wide sales of 64,000 units. Ola Electric CEO Bhavish Aggarwal said in a blog post that his company has sold nearly 1.5 […] Read more
Ola Electric Set To Launch Its First Electric Car by 2024 Updated On Wed, Aug 17th, 2022 by Saurenergy Ola Electric has announced last Monday that it is set to launch its first electric car by 2024. The company, which had trouble with deliveries of its electric scooters after making its exact one-year debut into the market, has set an ambitious goal of selling 10 lakh electric cars by 2026–2027. Ola founder and CEO […] Read more
Ola Electric Announces Domestic Production of Lithium-Ion Battery Cells Updated On Tue, Jul 12th, 2022 by Saurenergy Ola Electric has announced that they have succeeded in making a Li-ion cell indigenously. An important development that will support the Indian EV industry as India doesn’t have much organization in the manufacture of batteries for electric vehicles. Bhavish Aggarwal, the CEO of Ola Electric, revealed the creation of the lithium-ion cell’s success on Twitter […] Read more
Ola Electric Invests in ‘Extreme Fast’ Charging Firm StoreDot Updated On Tue, Mar 22nd, 2022 by Saurenergy Bengaluru based Ola Electric has invested an undisclosed amount in Israeli start up StoreDot, a battery technology company that promises “extreme-fast charging” batteries for electric vehicles (EV). Ola electric called the investment strategic in nature, without disclosing the amount invested. StoreDot, in its last funding round of $60 million, had reportedly been valued at $1.5 […] Read more
Bangalore’s Ola Electric Raises $200 M at $5 B Valuation Updated On Tue, Jan 25th, 2022 by Saurenergy Ola Electric on Monday said it has raised over $200 million (about Rs 1,490 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at $5 billion. The funding arrives even as the firm has been struggling with production delays and battery issues in the early batches of e-scooters […] Read more
Ola Electric to Have 4,000 EV Charging Points in 2022, says CEO Updated On Thu, Dec 30th, 2021 by Saurenergy As part of its ambitious charging infrastructure goal, Ola Electric will install more than 4,000 charging points for its electric scooters across Indian cities next year, the company recently informed its customers. In a tweet, Bhavish Aggarwal, Founder and CEO, Ola, said that Hypercharger roll out has begun across cities. “At key BPCL pumps as well […] Read more
Ola Electric Scooter Prices In States after Subsidies Updated On Mon, Aug 16th, 2021 by Saurenergy India’s ride-hailing giant Ola has launched its Ola S1 electric scooters on Independence Day 2021. The much-awaited e-scooter comes at Rs 99,999. This price is ex-showroom including FAME II subsidy and excludes state subsidies. After state subsidy in Delhi, the S1 should cost just Rs 85,099 whereas, in Gujarat, it would cost as low as […] Read more
