Govt makes Ola Electric refund buyers for EV chargers, Ather, others to follow
Electric scooter makers billed customers separately for chargers and software, exploiting a loophole to qualify for subsidies.
May 02, 2023•3 min
0
May 02, 2023•3 min
0
More in Internet
Internet
Happy coincidences and venture capital returns
Three portfolio exits have helped Arali Ventures return the principal sum of its small fund in about six years. This doesn’t happen too often in India’s nascent venture capital ecosystem. So what should we learn from it?
You may also like
Internet
Ola Electric posts ‘better’ results, but deeper problems persist
A bounce in margins and stock price hides a serious crisis at the Bhavish Aggarwal-led EV maker, where volumes have stalled, rivals are gaining and product trust is breaking down.
Internet
Krutrim is a mirror of Bhavish Aggarwal’s broken dreams
Inside the AI startup, where ambition runs high, the culture is broken and the fallout may just be fatal.
Internet
Ola Electric is in an existential crisis
A more than 50% drop in revenue and twofold increase in net loss, combined with a Rs 1,700 crore debt raise, signal deepening troubles for the EV company.