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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 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.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
The EV maker is turning to gig-worker rentals to absorb its scooter output. But questions on cost, competition and execution make its latest pivot uncertain.
