Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Ola bikes get a lift from group firm
Mint Mumbai
|January 10, 2024
Bhavish Aggarwal-led Ola Electric has sold more than 8,200 scooters to promoter group company ANI Technologies Ltd, which is looking to launch and expand its electric bike taxi service in various Indian cities.
-
Ola Electric, which has filed draft papers for an initial public offering, confirmed the numbers to Mint.
However, Ola Electric's draft papers, filed on 22 December and that cite financials till 30 June, make no mention of the related-party transaction, implying these sales occurred in the six months after June.
According to three people aware of the matter, who spoke on the condition of anonymity, Ola Electric sold at least 12,000 scooters to ANI Technologies and its subsidiaries from April 2022 to December 2023, with the majority of these sales taking place in December. Ola, however, denied the bump in registrations in December. It also pointed to its own figure of 8,206 scooters registered by ANI Technologies. According to Vahan data, Ola Electric sold around 376,000 electric scooters since inception till end of December 2023.
Ola accounted for four out of every 10 electric scooters sold in India in December, data released on 1 January showed.
Denne historien er fra January 10, 2024-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
These firms will sell shovels during semaglutide gold rush
Weight-loss drug semaglutide, also used to treat type-2 diabetes, will face its next big turning point in early 2026, when patents held by Novo Nordisk expire in India.
1 mins
November 27, 2025
Mint Mumbai
'First-gen founders take bigger investment risks'
India’s markets are minting a new class of first-generation millionaires: entrepreneurs who’ve scaled ideas into Initial public offerings (IPOs) and unlocked unprecedented personal wealth.
2 mins
November 27, 2025
Mint Mumbai
EV, hydro boom to power 6x rise in battery storage by ‘47
India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.
2 mins
November 27, 2025
Mint Mumbai
Candidates using AI? No, thanks, say IIT recruiters
As the annual placement season dawns at the Indian Institutes of Technology (IITs), colleges and recruiters are working to bar artificial intelligence (AI) tools and prevent cheating at test venues, a concern that first rose last year.
3 mins
November 27, 2025
Mint Mumbai
Taxpayer base soars, but return filings lag sharply: CBDT data
India’s income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, according to latest data from the central board of direct taxes (CBDT).
3 mins
November 27, 2025
Mint Mumbai
Market nears peak on dollar tailwind
Stocks jump 1.2%, but futures rollovers signal weak conviction
3 mins
November 27, 2025
Mint Mumbai
SP Eyes Tata exit to cut debt costs
Debt-laden Shapoorji Pallonji Group is banking on Tata Trusts softening the stance on its potential exit from Tata Sons to reduce its borrowing costs, two people aware of the matter said.
2 mins
November 27, 2025
Mint Mumbai
MO Alternates launches its maiden private credit fund
The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions
3 mins
November 27, 2025
Mint Mumbai
HP to cut jobs after profit outlook miss
HP Inc.gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools
1 mins
November 27, 2025
Mint Mumbai
Apple set to regain top smartphone maker spot after 14 yrs
Apple Inc.will retake its crown as the world’s largest smartphone maker for the first time in more than a decade, lifted by the successful debut of a new iPhone series and a rush of consumers upgrading devices, according to Counterpoint Research.
1 min
November 27, 2025
Translate
Change font size