https://thenfapost.com News, Facts and Analysis on Startup, Technology & Business Wed, 06 Mar 2024 04:17:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 The NFA Post News, Facts and Analysis on Startup, Technology & Business clean https://thenfapost.com/2024/03/06/ola-electric-clocks-highest-registration-of-35000-units-in-february/ Wed, 06 Mar 2024 04:16:40 +0000 https://thenfapost.com/?p=349424 In December last year, the company became the first EV 2W manufacturer to record 30,000 registrations in a month Bengaluru, NFAPost: IPO-bound Ola Electric clocked the highest monthly registration of over 35,000 units in February, as the company comfortably maintained its pole position in the EV (electric vehicle) two-wheeler segment, cornering a market share of […]]]> https://thenfapost.com/2023/02/18/ola-to-invest-rs-7614-crore-in-tn-to-make-electric-cars-lithium-ion-cells/ Sat, 18 Feb 2023 13:03:21 +0000 https://thenfapost.com/?p=240863 On Saturday, Ola Electric Mobility signed the deal through its subsidiary companies Ola Cell Technologies (OCT) and Ola Electric Technologies (OET) Chennai, NFAPost: In a further push to Ola Electric Mobility’s plan to launch four-wheeler Electric Vehicles (EVs) by 2024, the SoftBank-backed company has signed a memorandum of understanding with the government of Tamil Nadu […]]]> https://thenfapost.com/2022/07/30/ola-electric-to-locally-make-battery-cells-under-centres-pli-scheme/ Sat, 30 Jul 2022 13:14:43 +0000 https://thenfapost.com/?p=188608 Ola Electric is investing about $500 million for setting up its battery innovation centre (BIC) in Bengaluru Bengaluru, NFAPost: Ola Electric said it has signed an agreement under the Centre’s production-linked incentive (PLI) scheme to manufacture advanced cells in India. SoftBank-backed Ola said it is the only Indian electric mobility company selected by the Government […]]]> https://thenfapost.com/2022/07/18/ola-electric-invests-500-million-in-bengaluru-based-cell-rd-facility/ Mon, 18 Jul 2022 14:33:27 +0000 https://thenfapost.com/?p=187992 SoftBank Group-backed Ola Electric is also in talks with multiple global suppliers to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt hours Bengaluru, NFAPost: Ola Electric is investing USD 500 million (about Rs 4,000 crore) in a cell research and development facility in Bengaluru, company founder and […]]]> https://thenfapost.com/2022/05/28/ola-in-talks-with-states-for-land-to-set-up-cell-electric-car-factories/ Sat, 28 May 2022 08:19:38 +0000 https://thenfapost.com/?p=181210 Ola Electric needs 1,000 acres of land to set up its cell gigafactory and electric car factory which is expected to attract an investment of Rs 10,000 crore New Delhi, NFAPost: Mobility giant Ola Electric is scouting for land to set up its cell and electric car factories and is in talks with multiple states, […]]]> https://thenfapost.com/2022/03/21/ola-electric-to-raise-prices-of-s1-pro-e-scooter-in-next-purchase-window/ Mon, 21 Mar 2022 01:46:41 +0000 https://thenfapost.com/?p=161830 Ola Electric has announced that it will be raising prices of S1 Pro e-scooters in the next purchase window New Delhi, NFAPost: Ola Electric has announced that it will be raising prices of S1 Pro e-scooters in the next purchase window. The firm is slated to commence the next purchase window on March 17-18, coinciding […]]]> https://thenfapost.com/2022/02/15/suzuki-tata-motors-mahindra-among-20-firms-selected-under-auto-pli-scheme/ Tue, 15 Feb 2022 04:04:31 +0000 https://thenfapost.com/?p=152460 New entrants like Hop Electric Manufacturing Private Limited, Ola Electric Technologies Private Limited have also been selected under new non-automotive investor New Delhi, NFAPost: Twenty applicants have been approved under the “Champion OEM Incentive Scheme” of the Production Linked Incentive (PLI) Scheme. Automobile and Auto major four-wheeler manufacturers like Hyundai, Suzuki, Kia, Mahindra, Ford, Tata […]]]> https://thenfapost.com/2021/12/16/ola-again-raises-500-million-through-term-loan-b/ Thu, 16 Dec 2021 09:33:22 +0000 https://www.thenfapost.com/?p=139478 https://thenfapost.com/2021/12/07/ola-to-start-escooter-deliveries-from-december-15/ Tue, 07 Dec 2021 01:11:20 +0000 https://www.thenfapost.com/?p=136837 Ola electric is claiming to set up more than 100,000 charging points across 400 cities. Bengaluru, NFAPost: Ola Electric plans to start e-scooter deliveries from December 15, 2021, according to its top official. Following multiple delays in schedule, Ola’ Bhavish Aggarwal has tweeted that the e-scooter deliveries will start from December 15, 2021. “Scooters are […]]]> https://thenfapost.com/2021/12/03/ola-plans-ipo-in-first-half-of-2022-readies-super-app/ Fri, 03 Dec 2021 07:24:56 +0000 https://www.thenfapost.com/?p=136100 The firm has plans to raise up to $1 billion through an IPO Bengaluru, NFAPost: Indian cab aggregator Ola plans to go public in the first half of 2022, Chief Executive Officer Bhavish Aggarwal said on Thursday, undeterred by the recent volatility and lackluster listing of some start-ups in the country. Ola, backed by Japan’s […]]]>