Ather Energy, Ola Electric see lukewarm response from investors: ReportDespite gaining significant market shares, Indian electric two-wheeler (E2W) market leaders like Ola Electric and Ather Energy are witnessi...
07 Oct, 2023, 05.36 PM IST
India's electric 2-wheeler registrations zoom 148% in MayOla Electric retained its top spot with the highest registrations at 28,438 units in May 2023; commanding 27.1% market share, followed by T...
01 Jun, 2023, 11.10 AM IST
Okinawa in talks to raise $100 million for third manufacturing plantManaging director Jeetender Sharma said the funds will be deployed to commission its third manufacturing facility, which will have a total ...
04 May, 2023, 12.54 AM IST
Electric two-wheeler monthly sales drop 23% in April; Ola Electric clocks marginal riseAccording to industry experts, the fall was due to the government's delay in disbursal of the FAME-II subsidy as multiple companies have co...
02 May, 2023, 09.26 PM IST
Ather Energy raises $50 million in funding as it ramps up electric scooter productionThe company has been valued at $700-800 million after the round, sources aware of the development said.
19 Oct, 2022, 09.33 AM IST
Ather Energy sees five times jump in revenues for FY22Ather sold 23,408 units of electric scooters in FY22, a 4.2 times jump from 5,523 units sold in FY 21, according to the company’s financial...
29 Jun, 2022, 11.20 PM IST
Fintech firms want six-month extension from RBI; Ola’s EV sales slumpAfter another meeting on Thursday, the industry has decided to seek a six-month extension from the RBI. One fintech founder told us investo...
24 Jun, 2022, 08.17 AM IST
Ather bags $128M amid EV gloom; SoftBank to slash investments, says Masayoshi SonElectric scooter maker Ather Energy said it has raised $128 million in funding even as its rivals struggle to contain the fallout from a sp...
12 May, 2022, 08.09 PM IST
Ather Energy raises $128 million led by Indian government’s sovereign fund, Hero MotoCorpTarun Mehta, cofounder and CEO of Ather Energy, said that the funding will be used to expand its manufacturing facilities, invest in resear...
12 May, 2022, 06.58 PM IST
Amazon gets social (again); Razorpay’s $80-100 million secondary share saleThis is the first inorganic bet that Amazon is taking on the social commerce space where sellers use platforms like Whatsapp and Facebook t...
22 Apr, 2022, 09.08 AM IST
HCL profit jumps 226% yoy in Q4; HealthifyMe eyes IPODays after its larger rivals TCS and Infosys announced their results for the Jan-March quarter, HCL Tech posted a consolidated net profit o...
21 Apr, 2022, 08.33 PM IST
Ola pilots 10-min food delivery, CEO Bhavish Aggarwal says will focus on future projectsOla has begun offering select dishes in some parts of Bengaluru within 10 minutes through its quick commerce arm Ola Dash. Items on the men...
12 Apr, 2022, 08.00 PM IST
As fire spreads, EV makers rush to douse flamesMultiple EV industry executives that ET spoke with underscored the need to find the cause and address it. They also advocated intensive con...
31 Mar, 2022, 02.21 PM IST
Okinawa Scooters in talks to raise Rs 150 crore in equity fundingOkinawa Scooters, which has a new manufacturing plant in the works, is in talks with Zomato, Swiggy, Domino’s, Pizza Hut, etc., to supply t...
18 Jan, 2021, 04.48 PM IST
EV startups crank up efforts as nation turns electricThe Centre wants to support mass adoption of ecofriendly rides to tackle the toxic haze of air pollution over cities and towns.
28 Jul, 2019, 10.54 AM IST
Electric bike co Okinawa to set up Rs 200 crore plant in RajasthanThe company has acquired land near Bhiwadi for the new plant, which will have a total manufacturing capacity of one million units.
11 May, 2019, 12.49 PM IST
In the two-wheeler sharing market, electric scooters are getting hotBike-sharing is seen as the best solution to solving the last-mile connectivity gap associated with public transport.
20 Jan, 2019, 10.50 AM IST