The ride-hailing company is using the pricey S1 electric two-wheelers as bike taxis in a move that probably benefits its IPO-bound former subsidiary more than itself.
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In the face of lost market share, mounting operational challenges and leadership problems, Ola Electric faces a race against time to come up with anything that can stem its decline.
Startups of all hues are lining up to hit the IPO market like never before, even as the economy sends distress signals. Can the equity market absorb this type of supply?
The time has come to determine whether the electric scooter maker and its management, led by Bhavish Aggarwal, are incompetent or operating under malice.