Net Loss of Ola Electric Mobility reported to Rs 495.00 crore in the quarter ended September 2024 as against net loss of Rs 524.00 crore during the previous quarter ended September 2023. Sales rose 39.06% to Rs 1214.00 crore in the quarter ended September 2024 as against Rs 873.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1214.00873.00 39 OPM %-31.22-49.83 - PBDT-363.00-432.00 16 PBT-495.00-524.00 6 NP-495.00-524.00 6 Powered by Capital Market - Live News

Ola Electric Mobility will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live News

Ola Electric announced the launch of the groundbreaking Ola Digital Twin platform to transform manufacturing processes and product development lifecycle. Developed on the NVIDIA Omniverse, the Ola Digital Twin platform seamlessly integrates Krutrim AI and NVIDIA technologies along with other advanced simulation tools and IoT platforms to create comprehensive digital twin environments that fast-track the planning of Ola Electric`s manufacturing facilities and optimise equipment layouts, product development lifecycles, and the building of computer vision-based quality-inspection systems. The platform also leverages physically accurate simulations and generative AI for tasks ranging from kinematics simulations to generating synthetic image data for training autonomous mobile robots (AMRs) and robotic arms.By integrating NVIDIA Omniverse � a platform of application programming interfaces (APIs), software development kits and services that enable developers to harness Universal Scene Description (OpenUSD) for physical AI � as well as NVIDIA Isaac Sim � a reference simulation platform built on Omniverse for designing and testing robots � Ola Electric has achieved over 20% faster time to market from design to commissioning, for manufacturing operations at its Futurefactory. Ola Electric has also leveraged Ola Digital Twin in its autonomous robotic weld lines at the Futurefactory, to simulate the welding processes and quality inspection systems. This enables virtual deployment and testing of changes before implementing them in the physical world.Developers at Ola use Ola Digital Twin`s generative AI capabilities and NVIDIA Omniverse APIs to generate synthetic assets, including lighting, environmental scenes, objects and defects, which help accelerate perception AI model training from months to weeks, while accounting for scenarios otherwise impossible to safely replicate in the real world. The platform also features thermal simulation capabilities for building next-generation OLA Krutrim data centers and liquid-cooling infrastructure. n addition to this, Ola Consumer is using NVIDIA Isaac Sim to train its robot pick-and-place applications for complex stock-keeping units in its automated dark stores. The robots are trained in virtual simulations to handle complex operations in a dynamic, automated environment autonomously. Powered by Capital Market - Live News

Ola Electric has kickstarted the festive season on a strong note and cemented its market leadership further in the EV 2W segment. According to the Vahan portal, the company has recorded over 15,672 registrations this month (as on October 14) with an impressive market share of 34 percent on the back of its wide S1 portfolio of scooters and the rapidly expanding service network. The company aims to continue the momentum for the rest of the festive season leading up to Diwali, spearheading India`s transition towards electric mobility in the 2W segment.With a clear vision to deepen EV penetration in tier-2 and tier-3 cities and enhance the after-sales and ownership experience, Ola Electric announced a series of initiatives in the past few weeks. The company kickstarted #HyperService campaign with a focus on delivering a technology-led, best-in-class after-sales experience. As part of the campaign, the company will double its company-owned service network to 1,000 centres by December 2024.Additionally, as part of its Network Partner Program, the company will onboard 10,000 partners across sales and service by the end of 2025. The company also announced its EV Service Training Program with the aim of training 1 lakh third-party mechanics to make every mechanic EV-ready across India.Ola Electric offers an expansive S1 portfolio with six offerings across attractive price points catering to customers with different range requirements. While the premium offerings S1 Pro and S1 Air are priced at Rs 1,34,999 and Rs 1,07,499, respectively, the mass market offerings include S1 X portfolio (2 kWh, 3 kWh, and 4 kWh) priced at Rs 74,999, Rs 87,999, and Rs 101,999, respectively. At its annual `Sankalp` event in August 2024, the company announced the launch of its Roadster motorcycle series, comprising Roadster X (2.5 kWh, 3.5 kWh, 4.5 kWh), Roadster (3.5 kWh, 4.5 kWh, 6 kWh), and Roadster Pro (8 kWh, 16 kWh). The motorcycles offer many segment-first technology and performance features, with their prices starting from Rs 74,999, Rs 1,04,999, and Rs 1,99,999, respectively.Powered by Capital Market - Live News

Ola Electric announced #HyperService campaign to further strengthen its service network and provide a technology-led, best-in-class after-sales experience. As part of the campaign, the company will double its company-owned service network to 1,000 centres by December 2024.The company also announced its EV Service Training Program with the aim of training 1 lakh third-party mechanics under the �Network Partner Program`. This industry-first initiative is aimed at accelerating EVpenetration and making every mechanic EV-ready across India.Starting on 10 October 2024, the company will provide a quick-service guarantee, in a phased manner. Customers � whose service case takes longer than one day � will be provided with a backup Ola S1scooter, giving them a stress-free service experience. Additionally, customers with Ola Care+ subscription will be eligible for Ola cabs coupons which will be valid until their request is resolved.Additionally, with the #HyperService campaign, Ola Electric will deploy AI-powered proactive maintenance and remote diagnostics for a one-of-a-kind ownership experience. These AI features will detect issueseven before they arise, thereby addressing them proactively at customers` doorstep. Ola Electric will rollout these AI features to all Ola customers starting 10 October 2024. Powered by Capital Market - Live News