/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Despite concerns around the battery overheating, the company is pressing hard to meet the 15 December delivery deadline.
Editor's note: Tomorrow, 15 December, is the day Ola Electric has promised to start delivering its S1 and S1 Pro scooters to its customers. The scooters, however, are nowhere near complete. The main problem is with the batteries. They are overheating, in a factory test environment. Ola Electric’s manufacturing facility in Tamil Nadu has produced nearly 100 scooters every day but many failed the quality assurance test, forcing Ola to stop production for three to four days last week, according to three former executives. Finally, on Friday, 10 December, the company began production again, at full throttle. “It seems they will deliver the scooters, but Bhavish [Aggarwal] is taking a huge risk,” says one of the former executives, all of whom requested anonymity. “A battery malfunction can put passengers at risk and run the entire EV sector to the ground.” Battery science is at the heart of an electric vehicle. It deserves and demands patience. The one thing that Ola and CEO Bhavish Aggarwal do not have right now. Ola Electric appears to be in a tearing hurry to get the scooters …
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
