India Observers

  Ola Electric has once again pushed the boundaries of innovation with its newly launched Ola Gen 3 electric scooter series. This announcement, made on a Friday, unveiled four distinct models—S1 Pro, S1 Pro+, S1 X, and S1 X+. With these models, Ola Electric not only introduces groundbreaking features but also marks the beginning of a new chapter in urban mobility. Revolutionary Features for Enhanced Performance What sets the Ola Gen 3 scooters apart is their commitment to superior technology and user experience. All four models come equipped with advanced features such as: Brake by Wire Technology: This innovative system enhances the range by up to 15% while ensuring smoother braking performance. Regenerative Braking: A smart feature that recycles energy back into the battery during braking, improving overall efficiency. Mid-Drive Motor with Integrated MCU: Delivering exceptional power and performance, this integrated system ensures a seamless riding experience. MoveOS 5 Operati...

Ola Electric, a company making electric scooters, has reached a big milestone before they plan to launch their Initial Public Offering (IPO). As you know, an IPO is when a company's shares are offered to the public for the first time.  Ola Electric has set a record as the first electric two-wheeler (EV 2W) company in India to have over 2.65 lakh registrations in one year.  This information comes from the VAHAN Portal, a government database for vehicle registration. On January 1, Ola Electric shared some exciting news. In December 2023, they had the highest number of registrations for a single month, with 30,219 scooters. This means they had a 40% market share in the electric two-wheeler market in India. Compared to December 2022, they grew by 74 percent. Also, if we compare the last quarter of 2023 with the same time in 2022, they grew by 68 percent. During the last three months of 2023, they registered 83,963 scooters. Anshul Khandelwal, the Chief Marketing Officer at Ola El...

India's electric vehicle company, Ola Electric, known for its electric scooters, has made a big move. On December 22, they submitted their draft papers to SEBI, the organization in India that oversees the stock market. This step is part of their plan to launch an IPO. Ola Electric aims to gather a whopping Rs 5,500 crore through this IPO. This event is quite special because it's the first time an Indian electric vehicle company, especially one that makes two-wheelers like scooters, is going for an IPO. The last time a two-wheeler company did this in India was Bajaj Auto in 2008. Now, let's talk about what's in these IPO papers. Ola Electric will sell new shares worth Rs 5,500 crore and some existing shares too. The founder of Ola Electric, Bhavish Aggarwal, is also planning to sell a part of his shares. The exact price for these shares and when you can start buying them hasn't been announced yet. They're planning to use the money they raise in different ways. A ...

Ola's CEO, Bhavish Aggarwal, has unveiled a new AI model called 'Krutrim' through his venture, Krutrim Si Designs. This AI is being celebrated as 'India's own AI model.' Now, what's special about Krutrim?  It's designed to understand and create content in 20 Indian languages. That's right, from Hindi to Kannada, Marathi, Odiya, and Telugu, Krutrim can handle them all. This is a big deal because it's even better than GPT-4, a famous AI model (used for ChatGPT) when it comes to supporting our Bharatiya languages. Krutrim comes in two versions. The first one, the base model, will be available to everyone from next month. Then, there's Krutrim Pro, a more advanced version for complex tasks, which will be out early next year. What makes Krutrim stand out?  Firstly, it's trained on a huge amount of data – over 2 trillion 'tokens,' these are small units of language. This training helps it understand and use our languages more effectively...

  Bike taxis   have become a popular transportation option in urban areas of India due to their affordability and convenience. However, their legality varies from state to state, with some states permitting them while others consider them a safety hazard. Two-wheelers used for commercial purposes may lack proper safety features, and unlicensed drivers can pose risks. Supporters argue that bike taxis offer cost-effective and efficient transportation, especially in traffic-congested areas, while being environmentally friendly. The demand for bike taxis continues to grow, and more states may consider regulating and legalizing them. Rapido, founded in 2015, holds the distinction of being India’s first bike taxi service. Other companies like Jugnoo, Bounce, Ola Bike, UberMOTO, and Zoomcar have also entered the market, providing similar services across various Indian cities. While the Indian government issued guidelines in 2018 to ensure safety measures for bike taxis, the legality ...

  Ola, an Indian ride-hailing company, has achieved a remarkable milestone by selling a record-breaking 35,000 units of their   electric scooter   in May 2023. The company’s CEO, Bhavish Aggarwal, announced on Twitter that the eagerly awaited Ola S1 Air electric scooter will begin deliveries in July. A tester video showcasing the scooter’s design and production process has generated excitement among enthusiasts. The S1 Air boasts an 8.5 kW motor, a range of 91 km on a single charge, and can be fully charged at home within four hours. Ola aims to capitalize on the growing popularity of electric vehicles in India, which has become one of the largest EV markets globally. Ola has experienced a successful start to 2023, with a thriving market and successful product launches. Last month, they achieved their highest sales figure to date, selling over 35,000 electric scooters and capturing over 30% market share in the segment. To further promote EV adoption, Ola has expanded its ...