Ola Electric Mobility Limited's Board of Directors will meet on Wednesday, August 14, 2024, to review and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2024.
A post-earnings call with analysts and institutional investors is scheduled for the same day following the board meeting
Ola Electric Mobility Limited's Board of Directors will meet on Wednesday, August 14, 2024, to review and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2024.
Additionally, a post-earnings call with analysts and institutional investors is scheduled for the same day following the board meeting, the company said in a regulatory filing. Ola Electric will also unveil its first electric vehicle on Independence Day. The company wrote in a post on X (formerly Twitter), “Ready to witness the future of motorcycling? It’s coming sooner than you think. Be there on 15th August at Sankalp 2024 for the grand reveal.” The company’s CEO, Bhavish Aggarwal, recently posted an image of himself test riding the motorcycle.
Along with its plan to come up with the electric vehicle, Ola is also planning to unveil its plan to focus on the quick commerce segment on Independence Day, as per the Economic Times. ANI Technologies, the parent of Ola, is reportedly planning to set up dark stores. This will be operated by Ola. “A few of these initiatives will be displayed as part of Ola’s future roadmap for the next year at a time when the ride-hailing business has plateaued,” a source told the Economic Times.
Additionally, the business reportedly intends to introduce its own Unified Payments Interface (UPI) service for customers. This won’t be the company’s first entry in the quick commerce segment. In the past also, the ride-hailing platform tried its luck with Ola Dash, which shut down in 2022.
Ola Electric made its debut in the stock market on August 9, 2024. Following this, Aggarwal posted on X, “The importance of today—this moment is finally sinking in. It felt like a process till yesterday—where we did our work and put in our time and made India one of the largest EV 2W markets. Our hard work has paid off, and the world recognizes that.”
Shares of Ola Electric Mobility Ltd surged 20 per cent on Monday, continuing their upward trend. Ola Electric’s share was trading at Rs 109.44, while its previous close was at Rs 91.20.