/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Despite concerns around the battery overheating, the company is pressing hard to meet the 15 December delivery deadline.
Editor's note: Tomorrow, 15 December, is the day Ola Electric has promised to start delivering its S1 and S1 Pro scooters to its customers. The scooters, however, are nowhere near complete. The main problem is with the batteries. They are overheating, in a factory test environment. Ola Electric’s manufacturing facility in Tamil Nadu has produced nearly 100 scooters every day but many failed the quality assurance test, forcing Ola to stop production for three to four days last week, according to three former executives. Finally, on Friday, 10 December, the company began production again, at full throttle. “It seems they will deliver the scooters, but Bhavish [Aggarwal] is taking a huge risk,” says one of the former executives, all of whom requested anonymity. “A battery malfunction can put passengers at risk and run the entire EV sector to the ground.” Battery science is at the heart of an electric vehicle. It deserves and demands patience. The one thing that Ola and CEO Bhavish Aggarwal do not have right now. Ola Electric appears to be in a tearing hurry to get the scooters …
Despite concerns around the battery overheating, the company is pressing hard to meet the 15 December delivery deadline.
Editor's note: Tomorrow, 15 December, is the day Ola Electric has promised to start delivering its S1 and S1 Pro scooters to its customers. The scooters, however, are nowhere near complete. The main problem is with the batteries. They are overheating, in a factory test environment. Ola Electric’s manufacturing facility in Tamil Nadu has produced nearly 100 scooters every day but many failed the quality assurance test, forcing Ola to stop production for three to four days last week, according to three former executives. Finally, on Friday, 10 December, the company began production again, at full throttle. “It seems they will deliver the scooters, but Bhavish [Aggarwal] is taking a huge risk,” says one of the former executives, all of whom requested anonymity. “A battery malfunction can put passengers at risk and run the entire EV sector to the ground.” Battery science is at the heart of an electric vehicle. It deserves and demands patience. The one thing that Ola and CEO Bhavish Aggarwal do not have right now. Ola Electric appears to be in a tearing hurry to get the scooters …
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
The emirate’s financial centre has surpassed the 10,000-company mark, Lucid Motors has a new investor, and digital assets are having a great week.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
The emirate’s financial centre has surpassed the 10,000-company mark, Lucid Motors has a new investor, and digital assets are having a great week.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
