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In another twist to the government’s confusing EV tax credit policy, now fewer EVs will qualify for the full credit. On Monday, the Treasury Department issued its final list of EVs available for ...
Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [10] [11] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
Ola Electric Mobility's shares surged 20% on their trading debut in Mumbai on Friday, valuing the company at $4.8 billion, as investors bet on increasing adoption of electric vehicles in the world ...
Ola Electric's IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India. The SoftBank ...
Bhavish Aggarwal (born 28 August 1985) is an Indian entrepreneur. He is the co-founder and CEO of Ola Consumer, founder of Ola Electric [1] and founder of Ola Krutrim, a large language model artificial intelligence (AI) company which became India’s first AI unicorn in 2024 an estimated valuation of $1 billion.
The Tesla Model Y is the first electric vehicle to become the world's best-selling car in 2023, outselling the Toyota Corolla. [1] Battery electric vehicles are vehicles exclusively using chemical energy stored in rechargeable battery packs, with no secondary source of propulsion (e.g., hydrogen fuel cell, internal combustion engine, etc.).
Since launching its first model three years ago, Ola Electric has grown to command a 39% share of two-wheeler EV sales in the country in July, per government data.
Indian e-scooter maker Ola Electric has received regulatory approval to go ahead with its $660 million Initial Public Offering, said two sources with direct knowledge, paving the way for the ...