Shares of Ola Electric slid 3.3% to their day’s 45.25 on the BSE on Monday, even after the electric vehicle maker refuted a South Korean media report that alleged the company had acquired foreign battery technology through improper means. Ola Electric issued a statement on Sunday dismissing the report as “misleading and baseless,” following claims … Read more
Japan’s SoftBank Group sold a 2.15% stake in Indian electric scooter maker Ola Electric over two months, reducing its holding to 15.68% from 17.83%, an exchange filing showed on Thursday. “SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,943,459 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken … Read more
Shares of Ola Electric Mobility surged as much as 6.6% on Tuesday to Rs 51.80 on the BSE after the company announced that it has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio, a move the company said will strengthen margins and profitability from the ongoing quarter of the current financial … Read more
Shares of Ola Electric Mobility today jumped 4.45% to their day’s high of Rs 85.30 on the BSE after the company announced that it has resolved approximately 99.1% of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA). In a stock exchange filing, the company said, “We wish to reiterate that Ola Electric … Read more
Shares of Ola Electric Mobility fell 9.4% to Rs 89.7 in Monday’s intraday trade on the BSE, following a heated exchange between the company’s founder and CEO, Bhavish Aggarwal, and comedian Kunal Kamra on X (formerly Twitter). The confrontation centered around the service issues of Ola Electric’s scooters. The verbal confrontation was sparked by Kamra’s … Read more
Ola Electric Mobility shares rose 4.4% to Rs 143.8 in Wednesday’s trade on BSE after the electric two-wheeler maker received certification for production-linked incentive (PLI) benefits for two more of its vehicles. The 3 kWh (kilowatt hour) and 4 kWh versions of Ola S1X have received the certification for compliance with the eligibility requirement for … Read more