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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.
A simple exercise involving its publicly shared numbers shows that the EV maker will probably never break even, making the case for investment in its ongoing IPO all the more baffling.
Two days in, the question of whether Ola Electric Mobility should have been allowed to tap the public markets is now moot. The initial public offering is set to close today.
What isn’t is when—if at all—it will turn profitable. This question, more than any other, is what continues to hang in the air.
Now, there are many reasons why Ola Electric is a problematic company and investment, and we have documented these over the past two years. Besides serious operational and leadership issues, its financials are in a deep funk.
Sample this: in 2023-24, a stellar year in terms …
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
A proposed Rs 12,000 crore incentive shifts the focus to components after the first scheme fell short. But raw material dependence, gaps in technology and China’s dominance remain.
The startup isn’t sure where its future lies—in electric motorcycles or the more recently announced electric scooter? Unsurprisingly, none of the products have amounted to anything so far.
