OLA Electric

Ola Electric Technologies Private Ltd has been approved for an incentive payment of ₹73.74 crore under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components for FY24, according to a filing by Ola Electric Mobility Limited. 

The upcoming layoffs could affect more than a quarter of Ola’s workforce, which had 4,000 employees in March 2024. Recently, Ola Electric reported a 50% increase in losses for the December quarter.

Electric vehicle maker Ola Electric has received an warning notice from the Securities and Exchange Board of India (SEBI) for breaching disclosure rules. 

Bhavish Aggarwal, the founder of Ola, has pledged 1.10% of his stake in Ola Electric, equivalent to 48.35 million shares, worth approximately ₹450 crore, to secure a loan for Krutrim Data Centre

The Ola Electric Mobility IPO was fully subscribed on the second day of bidding. The employee component had the highest subscription rate, at 8.98 times.

On the initial day of its initial public offering (IPO), Ola Electric Mobility, India's foremost participant in the electric two-wheeler market.

BLUSmart, Revolt Motors, 3EV Industries, OLA Electric, Chargeup, Euler Moters, SmartE, ElectricPe, EMotorad, Ather Energy, BGauss, Yulu, Cell Propulsion, and Ultraviolette Automotive are the Top 20 Best Electric Vehicles (EV) Startups in India in 2025.

Mensa Brands, Glance, Paytm Mall, Udaan, BharatPe, MPL, CRED, Apna, CoinDCX, and Ola Electric are the Top 10 Fastest Unicorn Startups in India.

According to regulatory papers filed with the Registrar of Companies (RoC), Ola Electric Mobility Ltd, got Rs 410 crore (about $50 million) through non-convertible debentures from EvolutionX Debt Capital.

Ola Electric has submitted a draft red herring prospectus (DRHP) for an IPO (initial public offering) of shares to the Securities and Exchange Board of India (Sebi). The electric mobility firm is aiming to raise a total of Rs 5,500 crore through a new share sale.