The Board of Directors of Ola Electric Mobility Limited will meet on Wednesday, August 14, 2024 to review and approve the unaudited consolidated standalone monetary effects for the quarter ended June 30, 2024.
Additionally, a conference call with analysts and institutional investors is planned the same day after the board meeting, the company said in a regulatory filing. Ola Electric will also introduce 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 happens faster than you think. Be there on August 15 at Sankalp 2024 for the big reveal. The company’s CEO Bhavish Aggarwal recently posted a photo of himself looking at the motorcycle.
Ready to enjoy the long term of motorcycling? It happens faster than you think. Be there on August 15 at Sankalp 2024 for the big reveal. ✨?️Reserve your spot. Register now https://t. co/q6JKZkVbKq pic. twitter. com/cjf8f3gatn
In addition to its plan to offer an electric vehicle, Ola also plans to unveil its plan in the fast-moving industry segment on Independence Day, according to the Economic Times. ANI Technologies, Ola’s parent company, reportedly intends to create dark stores. will be operated through Ola. ” Some of those projects will be presented as part of Ola’s long-term roadmap for next year, at a time when the ride-sharing services sector has stagnated,” a source told the Economic Times.
Additionally, the company is reportedly making plans to introduce its own Unified Payments Interface (UPI) service for customers. This will be the company’s first access to the fast commerce segment. Also in the past, the ride-sharing platform tried its luck with Ola Dash, which closed in 2022.
Ola Electric made its stock market debut on August 9, 2024. After this, Aggarwal posted in X: “The importance of today: this moment is that, in spite of everything, we are waking up. We have invested our time and made India one of the largest 2W electric vehicles. markets. Our hard work has paid off, and the world recognizes that.
The importance of today, of this moment, is that despite everything it is happening. It seemed like a procedure until we did our homework, put in our time and made India one of the largest 2W EV markets. Our hard work has paid off and the world is taking notice. But today it seems like a… pic. twitter. com/IMMoLRRrLe
Shares of Ola Electric Mobility Ltd rose 20 per cent on Monday, continuing their uptrend. Ola Electric shares are trading at Rs 109. 44, compared to its previous close of Rs 91. 20.