This development paves the way for Ola Electric to become the first Indian EV company to be listed on the stock market.

Ahead of its IPO launch, Ola has aggressively cut down prices of its most affordable scooter whereas its arch-rivals have recently received a price hike. …

The MoveOS 4 software update is a part of annual software updates done by the company for its range of scooters.

Ahead of a planned $700 million IPO, Ola Electric has reportedly revised its sales and revenue targets to more realistic figures.

This move comes in response to the Indian government’s reduction in subsidies for electric vehicles (EVs).

Registering approximately 19,000 units in August, the company has achieved a Y-o-Y growth exceeding 400% compared to the same period last year.

FAME II Subsidy Price Hike Offset with 6.99% Two-Wheeler Loans Over 5 Years