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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.
From range problems to malfunctioning vehicle management systems, customers are at their wits’ end. Is Ola doing a disservice to the electric revolution?
Editor's note: Rahul Tandon had a narrow escape. The 51-year-old entrepreneur from Pune was returning home in the afternoon of 14 February when his five-week-old Ola S1 Pro scooter came to a sudden stop in the middle of a busy road, without any warning. This is the stuff of nightmares that choosing an electric vehicle over a petrol two-wheeler is made of. “I was almost hit by a car,” recalls Tandon. “When I left home for Manjri, about 12 km away, the scooter still had 90% charge and 120 km range left. Barely 1 km on the way back, the display went blank and the scooter just went dead. Just like that.” Roadside assistance came three hours later and his scooter was towed away. Four days passed. Tandon had no communication about his scooter. His helmet, keys to his office and other things, were still in the boot. Finally, on 18 February, he called someone from the service centre. “After multiple calls and some choicest abuses, they were finally able to locate my scooter. They said they are replacing the battery but …
Rahul Tandon had a narrow escape. The 51-year-old entrepreneur from Pune was returning home in the afternoon of 14 February when his five-week-old Ola S1 Pro scooter came to a sudden stop in the middle of a busy road, without any warning. This is the stuff of nightmares that choosing an electric vehicle over a petrol two-wheeler is made of.
“I was almost hit by a car,” recalls Tandon. “When I left home for Manjri, about 12 km away, the scooter still had 90% charge and 120 km range left. Barely 1 km on the way back, the display went …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
