Ola Diamondhead: In August 2023, Ola Electric, the industry leader in e-scooter sales, sold 17,389 units and held a robust 29% market share. This shows the important impact Ola is having in the e-scooter market and its desire to increase sales in the upcoming months. It aims to diversify its Read more…
After the government reduced subsidies for the vehicles, Ather Energy’s CEO Tarun Mehta told Reuters that the company will speed up the launch of new models domestically and test export markets while obtaining additional funding for further expansion. The market for electric scooters in India is still small but expanding, Read more…
Ather Energy, a manufacturer of electric scooters, has received Rs 900 crore through a right issue from current investors Hero MotoCorp and GIC. Ather previously signed a contract with Hero MotoCorp earlier this week to raise Rs 550 crore. According to a statement from the company, the money would enable Read more…