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Why does Ola Maps exist?
Ola founder Bhavish Aggarwal continues to flog the tired tech nationalism horse.
9 July, 2024•1 min
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9 July, 2024•1 min
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Ola Electric is shrinking to survive
Despite reducing total losses, the electric scooter maker is losing double the money for every rupee it earns. Collapsing sales, shrinking market share and mounting cash pressure expose its vulnerabilities.
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Despite reducing total losses, the electric scooter maker is losing double the money for every rupee it earns. Collapsing sales, shrinking market share and mounting cash pressure expose its vulnerabilities.
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Minus scooters, an empty gigafactory is squeezing Ola Electric dry
The company’s two-wheeler sales are evaporating. But its founder is reframing it as a necessary step to achieve profitability. All while trying to pivot towards becoming a company that sells lithium-ion cells instead of automobiles.
