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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
While its peers headed for the exit, the fund house doubled down on the falling stock. The contrarian call now looks expensive—and risky.
Ola Electric is in a spot of bother. It came to the equity markets in August 2024 as a pure-play EV maker with ambitions to graduate from scooters to motorcycles and an electric car (in cold storage). Since then, almost nothing has gone right for the company promoted by Bhavish Aggarwal.
After sliding rapidly from its long-held No.1 perch to a lowly No.5 (that may become No.6 soon enough, behind Ampere), Ola Electric pivoted to a battery energy storage system to utilize spare capacity at its gigafactory, which had little to no offtake from the 2-wheeler business. It is now, …
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
