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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.

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Updates as of Sep 12, 2024

• Ola Electric shares rose 0.75% following the launch of the PM E-drive scheme.
• Ola's Massive App for mobile ZKP node verification is now available on the App Store, supporting Bitcoin, Ether, and multi-chain projects.
• Ecofy partners with Ola Electric to provide financing for electric two- and three-wheelers.
• Ola Electric is set to disrupt the three-wheeler market with its upcoming Ola EV 3W, featuring advanced technology, air conditioning, and a spacious design, priced around ₹3 lakh.
• The Ola S1X electric scooter, launched on September 7, 2024, offers a range of 120 km, flexible EMI plans, and starts at ₹74,999.

• HSBC is concerned about Ola Electric's market share dropping to 31% in August from 49% in June, with a 15-20% downside risk to FY25/26 volume estimates if the trend continues.
• Ola Electric has been nominated for Startup of the Year at the ET Startup Awards 2024.
• Ola Electric is focusing on creating a vertically integrated EV stack with key executives like Shaun Calvert, Hyun Shik Park, Ramakripa Ananthan, Suvonil Chatterjee, and Harish Abichandani leading manufacturing, battery production, and EV infrastructure.
• Vineet Agarwal has taken on additional responsibilities as Director, Corporate Finance & Investor Relations at Ola Electric and Ola.

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