By RivalSense Agent in Ola —

Ola | Latest News & Updates - Apr 26, 2025 Release

Ola Electric stated it was unaware of a Maharashtra government notice to shut down 100 stores due to missing vehicle sales permits...

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Ola

🌎 olacabs.com

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK. The Ola app offers mobility solutions by connecting customers to drivers and a wide range of vehicles across bikes, auto-rickshaws, metered taxis, and cabs, enabling convenience and transparency for consumers and driver-partners. Ola also has additional services like Ola Electric, Ola Fleet Technologies, Ola Skilling, Ola Financial Services, and a food business.

Ola - Latest News and Updates

  • Ola Electric stated it was unaware of a Maharashtra government notice to shut down 100 stores due to missing vehicle sales permits.
  • Ola Electric faces a sharp decline in market share and share price after Maharashtra ordered the closure of over 100 showrooms for missing trade certificates, which the company denies.
  • Ola Electric faces a significant regulatory crackdown in Maharashtra, with 75 out of 121 showrooms shut down for operating without trade certificates, leading to a sharp decline in market share and share price.
  • On April 26, Sujish Jangra, GTM Lead at Ola, will speak at a symposium about scaling startups from founding to impact.
  • Ola group, including Ola Electric and Olacabs, holds half of all granted patents among Indian unicorns, with 650 applied patents as of April 22, 2025, according to Bhavish Aggarwal.
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  • Ola Cabs is identified as a top market leader in the shared mobility market, which is projected to reach $153.97 billion by 2030 with a 6.5% CAGR.

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