Ola Shakti can power appliances such as air conditioners, refrigerators, and pumps, offering up to 1.5 hours of backup at full load
Founder and CEO Bhavish Aggarwal is convinced that success in the electric vehicle (EV) sector hinges on a technology-driven, vertically integrated approach, much like Elon Musk’s Tesla and China’s BYD. In response to the increasing complexities of global supply chains exacerbated by geopolitics, Ola Electric is manufacturing everything in-house—from battery cells and rare earth-free motors to scooters themselves. The Ola Gigafactory in Krishnagiri boasts a production capacity of 5GWh, capable of producing between 1 lakh and 2 lakh cells daily, with around 40 cells required for each scooter. During the visit, Aggarwal guided Moneycontrol’s Chandra R Srikanth through the intricate cell manufacturing process, while candidly addressing questions on market share, user feedback, competitive dynamics and lessons drawn from the public markets.
Aggarwal tells Moneycontrol that the past six months have been 'transitional', as Ola Electric phased out its Gen 2 scooters, ramped up supplies of its Gen 3 models and introduced its electric bike
Ola's Bhavish Aggarwal said that starting next quarter, the company will integrate its in-house ferrite motor technology into products to de-risk from the rare earth supply chain.
Ola Electric CEO Bhavish Aggarwal guided Moneycontrol’s Chandra R Srikanth through the intricate cell manufacturing process, while candidly addressing questions on market share, user feedback, competitive dynamics and lessons drawn from the public markets.
Bhavish Aggarwal said Ola’s Gen3 platform, in-house tech, and D2C strategy give it an edge as industry consolidates
Currently, Kruti AI is integrated only with the Ola group for services like cab booking and food ordering. However, Krutrim plans to make it a cross-platform personal assistant that cuts across app silos.
Ola Electric's founder, Bhavish Aggarwal, said the company needs to take a more thoughtful approach to managing operational risks and capital allocation.
Ather Energy became the second electric two-wheeler company to go public after Ola Electric Mobility floated its Rs 6,145-crore IPO last August.
The move comes as ANI Technologies, the parent company of Ola Cabs, has initiated preliminary discussions with investment banks to evaluate the potential launch of an IPO of the ride-hailing business
The total pledged value of Aggarwal's Ola Electric shares is approximately Rs 603 crore at the current share price of Rs 56.37 on the NSE.
This comes barely a month after Ola founder Bhavish Aggarwal announced an investment of Rs 2,000 crore into his AI venture, with a commitment of Rs 10,000 crore by next year.
The 'Kya Chai Raha Hai?' initiative was put into immediate effect with the first deadline set for the end of the day following the announcement and future reports due every Sunday.
The Roadster X is available in 2.5 kWh, 3.5 kWh, and 4.5 kWh variants, while the Roadster X+ comes with 4.5 kWh and 9.1 kWh battery packs.
Aggarwal hinted at major announcements regarding its AI research and innovations.
While these leaders promote hustle culture, a growing number of workers, particularly younger generations like Gen Z, prioritise flexibility and personal well-being.
The company has cleared the service backlog, Aggarwal said, adding the rapid expansion of sales outpaced the growth of the service network
Ola will launch motorcycles in March, Aggarwal has said, adding the company may rollout a product a month in the new year
In conversation with Chandra R Srikanth, Deputy Executive Editor at Moneycontrol, Aggarwal highlighted the critical role of India in the global green energy transition. Here's the full transcript.
In January, Krutrim was valued at $1 billion after it raised $50 million in funding led by Matrix Partners India, an early backer of Aggarwal's other ventures Ola Cabs and the IPO-bound Ola Electric.
'Goal (is) to be as close to our customers as possible. All stores opening together on 20th Dec across India,' Ola Electric CEO Bhavish Aggarwal
Deliveries of the Ola Gig and Ola S1 Z series will begin starting April 2025, and May 2025, respectively
According to sources within the organization, the company is undertaking the layoffs to improve its margins in its efforts to attain profitability.
The Bengaluru-based company said its consolidated loss narrowed to Rs 495 crore in the July-September quarter
X (Twitter), though combative in its vibe, is easier for company chiefs to use and bridge information gaps with customers