MapMyIndia sends legal notice to Ola Electric for data breach ahead of its IPO
CE Info Systems, the parent company of MapMyIndia, has issued a legal notice to Ola Electric, accusing the electric vehicle manufacturer of copying its proprietary data.
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CE Info Systems, the parent company of MapMyIndia, has issued a legal notice to Ola Electric, accusing the electric vehicle manufacturer of copying its proprietary data.
Ola Electric Mobility Business on Monday announced that it has registered strong revenue growth of 510 per cent in FY’23.
Market share of nearly 35%, Ola Electric is a key player in India’s EV industry.
Ola Electric just recently announced the launch of a new scooter in the country. Bhavish Aggarwal, the CEO of the company confirmed about the launch via a tweet.
Backed by major investors, Ola Electric aims to capitalize on India's electric vehicle market through its upcoming initial public offering (IPO).
Ola Electric lays off 200 engineers due to the massive effort put into the restructuring of the company's electric mobility business and pivot on distribution.
The company spokesperson cited “maintenance” as a reason for the dismissal in production.
The bids of four businesses, including Reliance Industries and Ola Electric, are expected to be approved by the government for the ACC PLI program.
Ola had opened bookings for Ola Scooter from July 15 for a token sum of ₹499
“The unprecedented demand is a clear indicator of shifting consumer preferences to EVs”, says CEO Bhavish Aggarwal.
On the evening of July 15, Ola Electric opened the bookings for its first electric vehicle at ₹499.
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