Tag: Ola Electric

Ola Electric showcases four new motorcycle concepts

Ola Electric has showcased not one but four different motorcycle concepts alongside the launch of the new S1X range and the Gen 2 platform. The bike lineup comprises a roadster, an ADV, a supersport and a cruiser model. All four models are in their early stages of development and here’s what they look like.

The ADV offering gets a futuristic look just like all other models. It features flush-fit panels all around while the styling makes it a thorough adventure bike. It gets a wide handlebar with guards, an LED headlight topped by a transparent visor, side panels that double down as a front beak, crash guards at the bottom, a single-piece seat and a tall tail. The Ola Adventure is equipped with USD front forks, a monoshock, front and rear disc brakes, and spoke wheels wrapped in block pattern tyres.

Meanwhile, the Ola Cruiser too comes off as equally swanky. It gets long sweeping panels all over and gets a single seat, for the rider only. The cruiser’s profile is quite low and it features forward-set footpegs, a long rake and trail and large wheels. It rides on USD front forks that get large covers and a monoshock. The braking hardware comprises a front and rear disc mounted on alloy wheels shoed with road-biased rubber.

Source: https://www.bikewale.com/news/ola-electric-showcases-four-new-motorcycle-concepts/

Two top executives quit Ola Electric, two more exits likely: Report

The company spokesperson said that both the executives have delivered well for the company for seven-plus years and the company wishes them well in their future pursuits

SoftBank-backed Ola Electric is preparing for an up to $700-million IPO

Two senior-level executives at Ola Electric will exit the EV company, said a report on Saturday. Slokarth Dash, head of planning and strategy, and Saurabh Sharda, head of partnership and corporate affairs, have resigned from the company, Mint reported on Saturday.

Both Dash and Sharda are old hands at Ola and have spent nearly seven to eight years at the company. Both the executives are known to be close to Ola CEO and founder Bhavish Aggarwal.

The company spokesperson said that both the executives have delivered well for the company for seven-plus years and the company wishes them well in their future pursuits.

“At Ola, we’ve built a world-class and highly experienced leadership team and hired more than 50 veterans just in the last year from Indian & global firms like Tesla, Apple, LG, among others. India is the future hub for tech and top global talent is eagerly joining new age companies like ours. Ola is the largest EV company in India thanks to the efforts of our world class team. Slokarth and Saurabh have delivered well for the company for 7+ years and we wish them well in their future pursuits.”, an Ola spokesperson said.

Besides, two more senior-level executives are also on their way out, the report said.

SoftBank-backed Ola Electric is preparing for an up to $700-million IPO next year. It has appointed Goldman Sachs and Kotak Mahindra Capital to manage its potential stock market debut early next year. Since it began sales in late 2021, Ola has become India’s e-scooter market leader with a 32% share, competing with Ather Energy as well as companies like TVS Motor and Hero Electric. It was valued at $5 billion last year and has raised nearly $800 million from investors since 2019.

In FY24, Ola Electric recorded an operating loss of $136 million on a revenue of $335 million. The loss number of the company has not previously been reported or filed with Indian authorities, reported Reuters quoting sources.

Source: https://www.businesstoday.in/entrepreneurship/news/story/two-top-executives-quit-ola-electric-more-to-follow-report-392955-2023-08-05

Ola Electric battery cell Gigafactory construction begins; promises to be India’s largest

Ola Electric has announced the commencement of construction of its upcoming battery cell Gigafactory, which promises to be the largest EV cell facility in India. Bhavish Aggarwal, co-founder and CEO – Ola Electric, shared the update in a tweet while also sharing images of the groundbreaking initiative. The new Gigafactory is in line with Ola’s plans to be a holistic player in the EV sector with the company working on more two-wheelers and even four-wheelers in the electric mobility segment.

The Ola Electric cell Gigafactory will have a production capacity of 10 gigawatt-hours (GWh) per annum (Twitter/@Bhash)

Ola Electric’s cell Gigafactory is located in Krishnagiri, Tamil Nadu, and promises to have a production capacity of 10 gigawatt-hours (GWh) per annum. The upcoming manufacturing facility will be capable of producing battery cells that will go into electric vehicles as well as other battery solutions. India does not have its own battery cell manufacturing so far at a large scale in order to compete with players from China, Taiwan and South Korea.

The tweet from Bhavish Aggarwal read, “Work started and moving along at full speed on our cell gigafactory! It will be India’s biggest and amongst the worlds biggest cell factories. And the centrepiece for #endICEage!”

Source : https://auto.hindustantimes.com/auto/electric-vehicles/ola-electric-battery-cell-gigafactory-construction-begins-promises-to-be-india-s-largest-41685105415169.html

Ola S1 Pro purchase window to reopen on this date with new ‘Holi’ special colour

Ola S1 Pro is the first electric scooter from Ola Electric and the company follows a direct-to-home delivery model with sales entirely online.

Ola S1 and S1 Pro electric scooter variants are priced upwards of ₹1 lakh (ex showroom and ex incentives)

Ola S1 Pro electric scooter is selling like hotcakes and while Ola Electric may have had to deal with delivery-related issues in the past few months, the company has announced that the next purchase window for Ola S1 Pro will reopen on March 17 who have already reserved a unit, and March 18 for everyone else.


Ola S1 Pro in Gerua or orange colour in gloss.

Source : https://auto.hindustantimes.com/auto/two-wheelers/ola-s1-pro-purchase-window-to-reopen-on-this-date-with-new-holi-special-colour-41647268930930.html

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