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Ola Electric Cuts Quarterly Loss as Cost Controls Ease Pressure

By Uniquetimesorg May 20, 2026 0

Ola Electric Mobility reported a narrower quarterly loss as the company reduced operating costs amid intense competition in India’s fast-growing electric two-wheeler market. The SoftBank-backed EV maker posted a net loss of 5 billion rupees for the January–March quarter, compared to 8.7 billion rupees a year earlier. The improvement came despite a sharp decline in […]Continue Reading

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Ola Electric to Invest $208.5 Million in EV and Battery Units

By Uniquetimesorg May 15, 2026 0

Ola Electric has announced an investment of $208.5 million into its core vehicle and battery cell businesses as the Indian electric two-wheeler maker intensifies efforts to cut costs and boost local manufacturing. The SoftBank-backed company said the investment, expected to be completed by May 14, 2027, will support automation, in-house EV cell production, and the […]Continue Reading

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Ola Electric to Invest $208 Million in EV and Battery Expansion

By Uniquetimesorg May 15, 2026 0

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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Meesho Soars on Market Debut with $8.8 Billion Valuation

By Uniquetimesorg December 10, 2025 0

E-commerce platform Meesho made a stellar entry into India’s stock market, surging nearly 58% on debut and touching a valuation of ₹789.3 billion ($8.78 billion). The shares opened at ₹162.5 on the NSE and rose to ₹175, far above the issue price of ₹111, signalling strong investor appetite for India’s rising online retail sector. Unlike […]Continue Reading

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SoftBank Prepares $500 Million Investment in OpenAI Amid Major Funding Round

By uniquetimes October 1, 2024 0

SoftBank Group Corp.’s Vision Fund is reportedly preparing a $500 million investment in OpenAI, according to sources cited by *The Information*. This funding will be part of a larger $6.5 billion round, with a valuation of $150 billion for OpenAI. Thrive Capital is expected to lead the round, with participation from Microsoft Corp., OpenAI’s largest […]Continue Reading

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Ola Electric Transitions to Public Limited Company in Anticipation of IPO

By uniquetimes November 20, 2023 0

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