Raids, complaints and petitions put Ola Electric under intense public scrutiny

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Raids, complaints and petitions put Ola Electric under intense public scrutiny
Raids, complaints and petitions put Ola Electric under intense public scrutiny

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Bhavish Aggarwal, CEO of Ola Cabs and founder of Ola Electric

Synopsis

Amid falling sales, revenues and stock price, Ola Electric’s claims, numbers and practices are under the spotlight.

This week, Ola Electric founder Bhavish Aggarwal has been meeting institutional investors in Mumbai. As his meetings were in progress, the transport department authorities inspected 10 Ola Electric experience centres in the city and seized vehicles. Coincidentally, the search carried out at Ola Electric premises and the seizure of its vehicles in…



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Raids, complaints and petitions put Ola Electric under intense public scrutiny


Raids, complaints and petitions put Ola Electric under intense public scrutiny
Raids, complaints and petitions put Ola Electric under intense public scrutiny

Getty Images

Bhavish Aggarwal, CEO of Ola Cabs and founder of Ola Electric

Synopsis

Amid falling sales, revenues and stock price, Ola Electric’s claims, numbers and practices are under the spotlight.

This week, Ola Electric founder Bhavish Aggarwal has been meeting institutional investors in Mumbai. As his meetings were in progress, the transport department authorities inspected 10 Ola Electric experience centres in the city and seized vehicles. Coincidentally, the search carried out at Ola Electric premises and the seizure of its vehicles in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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