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The Latest Breaking News from Ola Electric

Ola Electric confirms vendor lawsuits over dues, quality issues as shares fall 5%

In its response, the company acknowledged that Anevolve Mando E-Mobility and Sterling E-Mobility Solutions, vendors supplying key parts to the company, have moved the National Company Law Tribunal (NCLT) over unpaid dues, escalating a disagreement that began with quality complaints from Ola Electric's side.

The Economic Times

Ola Electric shares drop 9% in 3 days. What's spooking investors?

Ola Electric Mobility shares fell over 2%, extending their three-day decline to 9%, after media reports said two vendors had filed fresh insolvency pleas against its subsidiary over alleged unpaid dues of more than Rs 40 crore. The company also recently reported a sequential jump in Q1FY27 vehicle registrations.

The Economic Times

Mehli Mistry resigns from RNT Associates, Ratan Tata's investment office, media reports say

Long-time Tata Group associate Mehli K. Mistry has stepped down as a director from Ratan Tata's personal investment firm, RNT Associates. Mistry, who worked closely with the former Tata Sons chairman and is an executor of his will, cited other commitments for his departure. RNT Associates, established in 2009, has…

The Economic Times

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Ola Electric shares in focus as Q1 registrations nearly double sequentially to 43,719 units

Ola Electric Mobility registered 43,719 vehicles in Q1 FY27, nearly doubling from 22,252 in the previous quarter, driven by strong demand and operational improvements. The company also recorded 16,144 registrations in June, its best monthly performance in recent quarters.

The Economic Times

Ola Electric nearly doubles QoQ registrations in Q1 FY27; June vehicle tally rises to 16,144

Ola Electric witnessed a significant surge in electric two-wheeler registrations, nearly doubling in the April-June quarter to 43,719 units. This impressive growth, driven by enhanced retail operations and better product availability, marks a strong sales momentum. The company attributes this success to its operational improvements and popular product range, anticipating…

The Economic Times

Ola Electric doubles QoQ growth in Q1 FY26; June vehicle registrations at 16,144 units

Ola Electric witnessed a significant surge in electric two-wheeler registrations during the April-June quarter, nearly doubling from the previous period. This impressive growth, reaching 43,719 vehicles, is attributed to enhanced retail operations, better product availability, and consistent customer demand. The company registered its highest monthly sales in June, signaling a…

The Economic Times

Ola Electric ordered to pay Rs 45,000 and fix scooter trunk for free after court finds it ignored warranty repairs for over two months

Ola Electric compensation: An advocate from Ananthapuramu purchased an Ola S1 Pro in October 2022 and reported a trunk lock failure within the warranty period. Despite multiple service visits, emails and a legal notice, Ola Electric never fixed the problem. The District Consumer Commission has now directed the company and…

The Economic Times

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Ola Electric gets BIS certification for indigenous LFP battery cell

Ola Electric's subsidiary has secured Bureau of Indian Standards (BIS) certification for its indigenously developed 46100 lithium iron phosphate (LFP) battery cell. This marks a first for an Indian company in this cylindrical format. The new cell, designed for both electric mobility and energy storage, expands their in-house battery portfolio…

The Economic Times

Young, loss-making startups keep OFS portion lean as investor scrutiny grows

New-age, loss-making startups are prioritising large fresh issue components in their IPOs to fund growth, a shift from the 2021-22 cycle. Investors now prefer capital infusion for scaling and profitability over large shareholder exits. Companies like Zepto, Ola Electric, and PhysicsWallah exemplify this trend, signalling a market demand for businesses…

The Economic Times

Ola Electric files application to settle Sebi probe over false information allegations

Ola Electric and founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stock prices. The company seeks an amicable closure without admitting guilt, following Sebi's notice regarding discrepancies in service network expansion, sales figures, and electric motorcycle rollout timelines.

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian equities rallied sharply as an interim US-Iran peace framework eased geopolitical concerns and pushed oil prices lower. Improved inflation and interest-rate expectations lifted sentiment, helping Sensex and Nifty gain nearly 1%, while broader markets, global equities and risk assets also advanced.

The Economic Times

Ather Energy board approves Rs 2,500-crore fundraising plan

Ather Energy's board has greenlit a substantial fundraising plan, aiming to secure up to Rs 2,500 crore. This significant capital infusion will be achieved through a combination of equity and convertible securities, including a Rs 1,500 crore Qualified Institutional Placement and Rs 1,000 crore from various other instruments.

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Friday

Indian equities witnessed sharp swings before ending lower amid expiry-day volatility and rising geopolitical concerns. Profit booking in broader markets, weakness in IT stocks and cautious global sentiment overshadowed support from banking and pharma shares, keeping investors on edge.

The Economic Times

Ola Electric shares jump 10%, surge 120% in just 12 weeks. Does this rally have more steam left?

Shares of Ola Electric Mobility surged 10% on Tuesday, extending a sharp rebound that has lifted the stock nearly 120% from its March low. Despite the rally, shares remain over 31% below their 52-week high and far from lifetime peak levels. Analysts see the breakout as an early trend reversal…

The Economic Times

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The Economic Times

Ola Electric’s QIP boost; AMFI benches Stable Money

Happy Friday! Ola Electric has raised fresh capital through a QIP. This and more in today's ETtech Morning Dispatch.

The Economic Times

Ola Electric raises Rs 780 crore via QIP amid market share, cash burn pressure

Ola Electric Mobility has secured approximately Rs 780 crore through a qualified institutional placement, aiming to bolster its recovery efforts and market share. The funds will be used to repay borrowings, fuel growth, and cover general corporate needs. This comes as the company navigates a challenging period marked by declining…

The Economic Times

Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sector

Aditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players like Ahluwalia Contracts and PSP Projects. He remains constructive on IT despite AI concerns, highlighting TCS and HCL Tech for their dividend yields. Shah also sees value in ITC due to its…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities remained volatile amid IT sector weakness, global uncertainties and cautious investor sentiment. Analysts see key Nifty support near 23,200-23,000 and resistance around 23,750-23,800. Market participants will monitor technical levels, global cues, sectoral trends and stock-specific developments for direction.

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The Economic Times

Vanguard marks Ola valuation down to $70 million, 99% lower from peak

Funds managed by US investment giant Vanguard have slashed the fair value of ride-hailing platform Ola’s parent, ANI Technologies, to $70 million as of February 28, according to regulatory filings with the US Securities and Exchange Commission (SEC).

The Economic Times

Ola Electric shares fall nearly 4% as firm launches QIP to raise funds. Check floor price, other details

Ola Electric's shares dipped 3.5% after approving a qualified institutional placement (QIP) with a floor price of Rs 37.74 per equity share. The company aims to raise capital from institutional investors, while its Q4 net loss narrowed to Rs 500 crore. Despite revenue decline, Ola Electric anticipates order recovery and…

The Economic Times

Stocks in news: Ola Electric, Eicher Motors, Axis Bank, Anant Raj, Wipro

Markets faced pressure on Monday, with key indices declining over half a percent due to weak global cues. Ola Electric approved its QIP issue, Eicher Motors reported a 15% sales rise, and Axis Bank increased its stake in Axis Max Life Insurance.

The Economic Times

Ola Electric launches QIP, sets floor price at Rs 37.74

Ola Electric has launched a qualified institutional placement (QIP) with a floor price of Rs 37.74 per share to raise funds amidst challenges like slowing sales and shrinking market share. The company aims to navigate these issues by doubling down on localisation and vertical integration, with a focus on EV…

The Economic Times

Ola Electric launches QIP to raise funds, sets floor price at Rs 37.74 a share

Ola Electric Mobility has launched its qualified institutional placement (QIP) and set a floor price of Rs 37.74 per share. The company may offer up to a 5% discount, while the final issue price and fundraising size will be determined through the book-building process.

The Economic Times

Ola Electric sees 23 pc growth in monthly registrations in May

Ola Electric saw a significant jump in vehicle registrations last month. May Sales increased by 23 percent compared to April. This growth outpaced the overall electric two-wheeler market. The company attributes this success to retail changes and better operations. Rising petrol prices are also encouraging more buyers to switch to…

The Economic Times

Electric two-wheeler sales cross 150,000 in May amid fuel price rise

The recovery comes after a 22% month-on-month fall in April from a record 192000 units in March, when automakers used aggressive discounts, cashback offers and financing schemes to close FY26 on a strong note.

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