Ola Electric's ₹6,000 crore IPO: filings by October, roadshows by February

Image: Ola

Electric two-wheeler company Ola Electric will file regulatory papers for an IPO in India before the end of October, and embark on roadshows to drum up investor interest in January...

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Reliance New Energy, Ola Electric, and Rajesh Exports Ltd signs program pact under ACC-PLI scheme: MHI

Ministry of Heavy Industries has announced that three selected bidders signed the Program Agreement under Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC)...

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Ola Electric to set up Battery Innovation Centre worth $500 million in Bengaluru

Ola Electric has announced that it is investing $500 million (about Rs 4,000 crore) in a cell research and development facility in Bengaluru. In a tweet, Aggarwal stated: "Sharing ...

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Ola Electric introduces NMC 2170, its built-in-house Li-ion cell

Electric vehicles (EV) manufacturer Ola Electric has unveiled its built-in-house lithium-ion cell, NMC 2170. The company has stated that the mass production of its cell from its up...

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EV fire incidents: Serious defects in batteries, design, and modules observed, says DRDO

The Defence Research & Development Organisation (DRDO) which was tasked with investigating EV (electric vehicle) fire incidents by the Union Road Transport and Highways Ministr...

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Ola Electric invests in StoreDot, an Israeli battery company with XFC tech

Ola Electric has announced that it has invested in an Israeli battery technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) technology. The investmen...

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LG Chem Power former CEO Dr. Prabhakar Patil inducted onto Ola Electric’s board

Ola Electric has announced that it has inducted Dr. Prabhakar Patil, former Chief Executive Officer of LG Chem Power onto its Board Welcoming Dr. Patil onto the Board of Ola Electr...

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Ola Electric plans to set up 50 GWh battery manufacturing plant in India

Softbank Group-backed Ola Electric has announced that it plans to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt-hours (GWh) as part of its ...

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Ola Electric sets up Ola Futurefoundry, its global R&D centre in Coventry, UK

Ola Electric has announced that it has set up a global centre for engineering and vehicle design at Coventry in the UK named Ola Futurefoundry. Ola will invest over $100 million ov...

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Ola Electric raises $200 million in the latest round at a valuation of $5 billion

Ola Electric has announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others. The latest round values the company at $5 bi...

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