Ola Electric Secures $100 Million Debt Financing from Bank of Baroda

Ola Electric Secures $100 Million Debt Financing from Bank of Baroda

Ola Electric Mobility and Bank of Baroda have signed one of the largest long-term debt financing agreements in the Indian electric vehicle (EV) industry. The ten-year debt of $100 million ...
/ / Finance and M&A, Solar
Ola Partners with Siemens to Build Advanced Electric Scooter Manufacturing Facility

Ola Partners with Siemens to Build Advanced Electric Scooter Manufacturing Facility

Ola, one of India's leading mobility platforms, has announced that it has partnered with Siemens to build its upcoming electric vehicle manufacturing facility. The announcement comes on the heels of ...
/ / Electric Vehicles, Other
Ola Plans World’s Largest Electric Scooter Factory in Tamil Nadu Investing ₹24 Billion

Ola Plans World’s Largest Electric Scooter Factory in Tamil Nadu Investing ₹24 Billion

One of the world's leading mobility platforms, Ola, signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to create a manufacturing hub for electric vehicles (EV) and set ...
/ / Electric Vehicles, Grid
Ola Electric Acquires Amsterdam-Based Electric Two-Wheeler Maker Etergo BV

Ola Electric Acquires Amsterdam-Based Electric Two-Wheeler Maker Etergo BV

Ola Electric Mobility Private Limited, a subsidiary of Indian cab aggregator Ola Cabs, announced that it has acquired Etergo BV, an Amsterdam-based electric scooter maker. The value of the transaction remained ...
Ratan Tata Invests in Ola Electric Mobility’s Series A Funding

Ratan Tata Invests in Ola Electric Mobility’s Series A Funding

Ola Electric Mobility Pvt Ltd (Ola Electric) has announced that Ratan Tata, the chairman of Tata Sons, has invested an undisclosed amount in the company as part of its Series ...
Hanergy and Bollore Group to Jointly Develop Solar EVs

Shared Mobility, Correct Vehicle Segment Can Fuel EV Uptake in India, Finds Ola

It would make good business sense to focus on developing EVs in the highest demand and utility sectors in the Indian vehicle market for two-wheelers and three-wheelers according to a ...
Industry-Wide Consultation Necessary Before Launching a Plan for Transition to EVs: CII

In a Boost to India’s EV Segment, Hyundai and Kia to Invest $300 Million in Ola

Carmakers Hyundai Motors and Kia Motors have announced that they are going to invest to the tune of $300 million in cab aggregation service provider Ola. This is their largest ...
NTPC Issues Tender for Electric Vehicle Charging Stations

NTPC Issues Tender for Electric Vehicle Charging Stations

The National Thermal Power Corporation (NTPC) has invited bids to set up charging stations for electric vehicles (EVs) including buses and four-wheelers, on a turnkey basis. The scope of work ...
Ola Raises $56 Million for Its Electric Mobility Business in India

Ola Raises $56 Million for Its Electric Mobility Business in India

Ola Electric Mobility, a company, backed by Ola, an Indian ride-sharing company, announced that it has raised a sum of ₹3.9 billion ($56.4 million) led by several of Ola’s early ...
/ / Electric Vehicles, Grid
HPCL IOCL EV Charging Station Nagpur

Indian Oil and Hindustan Petroleum Launch EV Charging Stations in Nagpur

Two Oil majors of India, The Indian Oil Corporation Limited (IOCL), an Indian state owned oil and gas company and Hindustan Petroleum Corporation Ltd (HPCL) have launched  electric vehicle (EV) ...
Competition is Heating Up in India’s EV Sector

Competition is Heating Up in India’s EV Sector

India’s electric vehicle (EV) sector is becoming competitive. The date for the delivery of electric cars to Energy Efficiency Services Limited (EESL) is looming close and elsewhere car companies are ...