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June 17, 2026
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Ola Electric to Invest $208 Million in EV and Battery Expansion

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India’s Ola Electric has announced plans to invest $208.5 million into its electric vehicle and battery cell businesses as it pushes to cut costs and move closer to profitability. The company aims to strengthen local manufacturing, increase automation, and expand in-house battery cell production while facing growing competition in the EV market. The SoftBank-backed company Continue Reading
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Ola Electric Transitions to Public Limited Company in Anticipation of IPO

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Ola Electric, the electric vehicle manufacturing division of Ola, has undergone a transition from a private company to a publicly listed entity as part of its preparations for an upcoming initial public offering (IPO). The company, established in 2017, has also modified its name to Ola Electric Mobility Limited, as indicated in regulatory filings. With […]Continue Reading

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