ola

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Electric Vehicle Sales Surge 66% YoY in Q2 2023 with 371,340 Units Sold

Electric vehicle (EV) sales in India reached 371,340 units in the second quarter (Q2) of 2023, a year-over-year (YoY) increase of 66% compared to 223,293 units sold in...

July 4, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Electric Vehicle Sales Surge 81% YoY in Q1 2023, 349,676 Units Sold

Electric vehicle (EV) sales in India reached 349,676 units in the first quarter of 2023, a year-over-year (YoY) increase of 81% compared to 192,565 units sold in the...

April 4, 2023

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Arjun Joshi

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Electric Vehicles

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Markets & Policy
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Electric Vehicle Sales Clocked a Record One Million Units in 2022

Electric vehicle (EV) sales in India reached a record one million units in 2022, a jump of over 300% against the 322,877 units sold in 2021. EVs accounted for 4.7% of...

January 2, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Reliance, Ola and Rajesh Exports Sign Agreement for Battery Storage Under PLI Program

Reliance New Energy, Ola Electric Mobility, and Rajesh Exports have signed the program agreement under the Production Linked Incentive (PLI) Program for Advanced...

August 2, 2022

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Vijayalakshmi Sridhar

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Energy Storage

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Market & Policy
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Ola to Set up $500 Million Battery Innovation Center in Bengaluru

Bengaluru-based electric vehicle (EV) manufacturer Ola Electric announced that it will invest $500 million in setting up a state-of-the-art Battery Innovation Center...

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Reliance, Ola, Hyundai, Rajesh Exports Win Bid to Set Up 50 GWh of ACC for Energy Storage

Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors, and Rajesh Exports have been approved by the Ministry of Heavy Industries (MHI) for receiving...

March 21, 2022

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Arjun Joshi

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Energy Storage

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Tenders & Auctions
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Ola Electric Secures $100 Million Debt Financing from Bank of Baroda

Ola Electric Mobility and Bank of Baroda have signed one of the largest long-term debt financing agreements in the Indian electric vehicle (EV) industry. The ten-year...

July 13, 2021

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Rahul Nair

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Finance and M&A

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Solar
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Ola Partners with Siemens to Build Advanced Electric Scooter Manufacturing Facility

Ola, one of India’s leading mobility platforms, has announced that it has partnered with Siemens to build its upcoming electric vehicle manufacturing facility. The...

January 21, 2021

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Rahul Nair

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Electric Vehicles

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Other
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Ola Plans World’s Largest Electric Scooter Factory in Tamil Nadu Investing ₹24 Billion

One of the world’s leading mobility platforms, Ola, signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to create a manufacturing hub for...

December 15, 2020

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Rahul Nair

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Electric Vehicles

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Grid
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Ola Electric Acquires Amsterdam-Based Electric Two-Wheeler Maker Etergo BV

Ola Electric Mobility Private Limited, a subsidiary of Indian cab aggregator Ola Cabs, announced that it has acquired Etergo BV, an Amsterdam-based electric scooter...

May 28, 2020

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Nithin Thomas Prasad

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Electric Vehicles

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Grid
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Ratan Tata Invests in Ola Electric Mobility’s Series A Funding

Ola Electric Mobility Pvt Ltd (Ola Electric) has announced that Ratan Tata, the chairman of Tata Sons, has invested an undisclosed amount in the company as part of its...

May 7, 2019

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Soumik Dutta

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Electric Vehicles

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Market & Policy
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Shared Mobility, Correct Vehicle Segment Can Fuel EV Uptake in India, Finds Ola

It would make good business sense to focus on developing EVs in the highest demand and utility sectors in the Indian vehicle market for two-wheelers and three-wheelers...

April 25, 2019

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Soumik Dutta

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Electric Vehicles

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Market & Policy
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In a Boost to India’s EV Segment, Hyundai and Kia to Invest $300 Million in Ola

Carmakers Hyundai Motors and Kia Motors have announced that they are going to invest to the tune of $300 million in cab aggregation service provider Ola. This is their...

March 22, 2019

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Saumy Prateek

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Electric Vehicles

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Market & Policy
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NTPC Issues Tender for Electric Vehicle Charging Stations

The National Thermal Power Corporation (NTPC) has invited bids to set up charging stations for electric vehicles (EVs) including buses and four-wheelers, on a turnkey...

March 15, 2019

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Nitin Kabeer

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Electric Vehicles

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Market & Policy
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Ola Raises $56 Million for Its Electric Mobility Business in India

Ola Electric Mobility, a company, backed by Ola, an Indian ride-sharing company, announced that it has raised a sum of ₹3.9 billion ($56.4 million) led by several of...

March 11, 2019

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Shaurya Bajaj

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Electric Vehicles

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Grid

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