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The Daily Guardian covers ElectroRide and talks about what we are doing to accelerate the EV adoption in India. #startups #entrepreneurship #futurism #sustainability #leanstartups #technology #investing #motoring #automotiveindustry #venturecapital #innovation ITV Ankur Nigam Tanay Goenka Tanuj Jain Rajendra Krishan

Exide Industries Transforming India’s EVs Landscape: Forging Major Battery Alliance with Hyundai and Kia Exide Industries stock saw a massive jump of 13% on April 8, 2024.. #exide #Electricvehicle #Startups #StockMarket #stockmarketnews

As a founder of an EV startup Sooorya EV, I am happy to see Bhavish Aggarwal founder of Ola Electric list successfully in the Indian stock market. Kudos to team Ola Electric! There were many naysayers when OLA Electric launched in the market, and it’s the same for most EV startup entrepreneurs. As an entrepreneur, it’s important to be driven by purpose. We are gearing up to launch Sooorya EV in India next year, and make a positive social & climate impact… “Ola Electric Mobility's (OLAE.NS), opens new tab shares surged 20% on their trading debut in Mumbai on Friday, valuing the company at $4.8 billion, as investors bet on increasing adoption of electric vehicles in the world's largest market for two-wheelers. The stock had listed flat to its initial public offering (IPO) price of 76 rupees before rising to 91.20 rupees in a broader market (.NSEI), opens new tab that was up 1%. Ola Electric's $734 million IPO is India's biggest so far in 2024. The company is the leading player in a country where adoption of EVs is still low, but rising, as Prime Minister Narendra Modi's government promotes clean energy.” “The company, which will get about $660 million in IPO proceeds, plans to invest most of that into research and development and its battery cell manufacturing unit.” Read more in this Reuters article by Nandan Mandayam https://lnkd.in/g5pyV4e6

Over time, EVs have become cooler and more mainstream. What does it take for an EV company to scale, while, also, being asset-light? What are the challenges in 2024 that may plague EV founders? And if there are e-waste issues stemming from EV manufacturing, how can they be dealt with? Find out more here! https://lnkd.in/gQcDw-um Hari Kiran eBikeGo® #ebike #ev #startup #rizingtv

Ola Electric can achieve EBITDA breakeven by FY27: Goldman Sachs: Ola Electric, the Bengaluru-based electric vehicle (EV) manufacturer, is projected to reach EBITDA breakeven by the fiscal year ending March 2027, according to a recent report by Goldman Sachs.  The company is expected to see its revenue grow at 2.5 times the current rate, with a fivefold increase in vehicle volume over the next three … Continue reading "Ola Electric can achieve EBITDA breakeven by FY27: Goldman Sachs" The post Ola Electric can achieve EBITDA breakeven by FY27: Goldman Sachs appeared first on Entrackr. #startupnews #startups

Bhavish Aggarwal-led EV giant Ola Electric recorded a 38.5% year-on-year revenue increase to Rs 1,240 crore for Q2 FY25, up from Rs 896 crore in the same quarter last year. The company's net loss fell to Rs 495 crore from Rs 524 crore reported a year earlier, though it rose from Rs 347 crore in the previous quarter (Q1FY25). EBITDA losses stood at Rs 353 crore, a reduction from Rs 412 crore in the prior year but up from Rs 162 crore sequentially. Notably, the vehicle deliveries surged 73.6% to 98,619 units, compared to 56,813 units in the year-ago period. Ola Electric plans to expand its company-owned store (and colocated service infra) network to 2,000 by March 2025. #olaelectric #ev #electricvehicles #business #scooters #startup #bengaluru #news #indianstartupnews

Bhavish Aggarwal-led EV giant Ola Electric recorded a 38.5% year-on-year revenue increase to Rs 1,240 crore for Q2 FY25, up from Rs 896 crore in the same quarter last year. The company's net loss fell to Rs 495 crore from Rs 524 crore reported a year earlier, though it rose from Rs 347 crore in the previous quarter (Q1FY25). EBITDA losses stood at Rs 353 crore, a reduction from Rs 412 crore in the prior year but up from Rs 162 crore sequentially. Notably, the vehicle deliveries surged 73.6% to 98,619 units, compared to 56,813 units in the year-ago period. Ola Electric plans to expand its company-owned store (and colocated service infra) network to 2,000 by March 2025. #olaelectric #ev #electricvehicles #business #scooters #startup #bengaluru #news #indianstartupnews

"India's role in the EV sector is undergoing significant transformations, fueled by government initiatives like the FAME II subsidy scheme, with potential prospects for FAME III." Our Chairman Chetan Maini talks about the government's role in nurturing a growing EV industry, creating a conducive environment for innovation and healthy competition with a level playing field. Read more about how Indigenous start-ups are shaking up the Indian automotive industry, while creating history with their innovations! - https://lnkd.in/gEqbZJCs

Pre-orders are now open for TUAL | Powerbank Pro-Charging ! Only 5.9% of new vans sold in 2023 were electric, a long way short of the 10% ZEV mandate for 2024. TUAL | Powerbank Pro-Charging helps commercial fleets transition to eLCV by providing:- ⚡ Range Extension ⚡ ReCharging ⚡ Portable Power TUAL is raising a £2m seed round to fulfill pre-orders and strong interest from 20+ European fleets, generating revenue in H2 2024 and profitability in 2025. Philip Clarke is the CEO and Founder of TUAL and you’ll find him and the team at stand 5F30 at the Commercial Vehicle Show this week Read more from Transport + Energy here https://lnkd.in/edthFDJd Philip Clarke Claire Miller Simon King Daniel Buchegger Ian Richardson Curtis Hutchinson Chas Hallett Gresham House Karandeep Singh Langford Bhogal Link Capital Porsche Ventures The Pearl Family Office InMotion Ventures Infracapital Hitachi Ventures HELLA Ventures Future Energy Ventures Zero Carbon Capital Syafiq Johari Amber Infrastructure Limited Fontinalis Partners Ecosystem Integrity Fund Move Energy 24Haymarket Autotech Ventures QVentures #venturecapital #startups #sustainability #entrepreneurship #management #greentech #automotiveindustry

“Shares of Ola Electric surged 20% in their market debut Friday, valuing the Indian electric vehicle startup at around $4.8 billion. Ola Electric priced its shares at 76 rupees (91 cents) raising the company more than $730 million via the initial public offering in Mumbai. It is the biggest listing in India this year, according to Reuters. By 3:52 p.m. local time, the shares were trading around 91.20 rupees. The first-day surge comes as investors bet the company is poised to become a key player in India’s electric vehicle market, at a time when the government is making moves to bolster the industry. Ola Electric makes electric scooters and only shipped its first product 2½ years ago. Two-wheelers are the most popular means of transport in India. By 2030, electric two-wheelers in particular are expected to account for 60% to 70% of all new scooter sales in India, according to McKinsey & Co. data.”