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Tag: Bhavish Aggarwal

  • Ola Electric Share Tanks 4%, Trades Below Rs 100 For 1st Time | Economy News

    Mumbai: Shares of Ola Electric Mobility fell more than 4 per cent on Monday and slipped below the Rs 100 mark for the first time since its listing last month.

    During the intra-day trade, the Bhavish Aggarwal-run Ola Electric shares nosedived to Rs 97.84 apiece on the lower end and Rs 102.38 per share on the higher end.

    At 1:36 p.m., Ola Electric shares were at Rs 99.10, down 3 per cent. With this decline, the stock has now dropped about 36 per cent from its peak of Rs 157.4.

    Share of the electric two-wheeler maker has declined for ninth out of the last 11 trading sessions.

    This recent slump highlights a troubling trend for the company, which once experienced a significant surge following its IPO. Ola’s shares had gained over 107 per cent within two weeks from its listing before entering a consolidation phase.

    According to recent reports, “Ola Electric’s flagship S1 series EV scooter has become a nightmare for hundreds of customers who are consistently facing issues like malfunctioning hardware and glitching software and spare parts are hard to come by, resulting in inordinate delays.”

    Ola Electric is based on a direct-to-customer model. The company owns and operates all 500 plus experience centres and 430 service centres across the country.

    Last Friday, the company announced to double its company-owned service network to 1,000 centres by the end of year.

    According to Rajesh Sinha from financial services firm Bonanza, after its initial public offering (IPO), the stock of Ola Electric Mobility has shown volatility due to challenges the company faces as well as rising competition, concerns of a potential EV slowdown and service-related issues.

  • Netizens Slam Ola’s Bhavish Over Poor E-scooter Quality As He Shows Battery Cell To Union Minister Vaishnaw | Economy News

    New Delhi: As Bhavish Aggarwal met Union Railways and Electronics and IT Minister, Ashwini Vaishnaw, on Thursday to show an indigenously-made lithium battery cell, netizens slammed Ola Electric scooters’ quality, saying these EV cells “need to be tested according to international standards”. Ola Electric has announced the integration of its battery cells in its own vehicles, starting Q1 FY26.

    An X user posted that “our business needs to be quality-wise accurate globally”. “Working on different businesses at once without looking at quality concerns will affect Ola’s footprint in the domestic market. Specifically talking about Ola two-wheelers. He (Bhavish) should take it seriously,” he posted.

    Another EV user posted on X: “I am using an e-vehicle scooter and its battery is deteriorating in a year’s use.” “Indian products should establish a benchmark so that people around the world find made in India products trustworthy,” he said.

    The Ola Electric cell is currently under trial production at its Gigafactory. The company recently showcased the indigenously developed Bharat 4680 cell and battery pack. The cell claims to have a wider operating window (10-700C), a longer life with more than 1,000 charge cycles, and better fast-charging capabilities.

    Meanwhile, another X user posted that our nomenclature of almost everything seems too self-obsessed or hyper-nationalist. “Ever heard about China cell or Tesla’s America cell? It frankly shows that one considers to have over-achieved something, and it’s not a usual part of a country’s technological prowess,” the user commented.

    Recently, after the shocking Ola Electric showroom fire incident in Karnataka, the company’s social media platforms were flooded with complaints about its EV scooters, as several customers raised serious concerns about product quality and service. Ola Electric users had complaints ranging from faulty software, bad service quality and poor response from the company when raised.

    As per the latest reports, Ola Electric receives around 80,000 complaints monthly, overwhelming its service centres. On peak days, complaints rise to 6,000-7,000, resulting in long wait times, overburdened staff and growing customer dissatisfaction.

  • Indian Tech Leaders Stand Behind Ola CEO Bhavish Aggarwal In His Fight Against Microsoft And LinkedIn |

    New Delhi: Indian tech industry leaders have come out in support of Ola Founder and CEO, Bhavish Aggarwal, after his tirade against Microsoft-owned LinkedIn for deleting his posts and “bullying Indians” into agreeing with the Big Tech platforms or canceling them out.

    Homegrown IT software company Zoho’s CEO Sridhar Vembu agreed with Aggarwal, saying “We in India have to strongly resist this woke imperialism”. “It is best understood as a fanatical religious doctrine that masquerades as a socio-political movement,” Vembu posted on X social media platform.

    Edtech company Unacademy CEO Gaurav Munjal earlier posted that this is so “f***** up on LinkedIn’s part”. An angry Ola CEO on Saturday announced the termination of Microsoft Azure cloud’s services and moved the entire workload of his company to his own AI venture called Krutrim. (Also Read: Get Free Wi-Fi While Traveling In India; Check This Government Scheme, Benefits, Steps To Avail Facility)

    “We’ve decided to move our entire workload out of Azure to our own Krutrim cloud within the next week,” he said in a blog post. When reached, LinkedIn or Microsoft did not comment on Aggarwal’s blog post.

    The tussle began when Ola CEO shared his thoughts on gender pronouns, with a LinkedIn post on “pronoun illness”. The LinkedIn AI chatbot used “they” and “their” to address the founder. The professional networking platform later deleted Aggarwal’s posts “without notifying him”, leading to an outburst from the Ola founder.

    “Proud of you Bhavish. When CEOs like you show the way, I’m sure many will emulate you. It is one thing to coax people to be inclusive but quite another to use bullying and canceling techniques to impose a fake inclusiveness with dubious benefits. May Dharma always guide you,” Author Sahana Singh posted on X. (Also Read: What Is ‘iPhone Finger’? Is Your Smartphone Changing Your Body? Here’s Everything You Need To Know)

    Aggarwal has said he will work with the domestic developer community to build a digital public infrastructure (DPI) social media framework and the only ‘community guidelines’ should be the Indian law. “Woke” was a word earlier used within Black communities in the US to refer to an “awareness of inequality”. It is now being frequently used in political parlance to describe anything that appears too liberal or progressive.

  • Ola Krutrim Opens AI Cloud Infrastructure For Developers, Launches Mobile App

    Krutrim has announced Model-as-a-Service (MaaS), offering developers access to its LLMs as well as open-source models being hosted on its cloud at cheaper costs.

  • Krutrim’s AI Mistakes Go Viral, Answers ‘2011 ODI World Cup Was Won By Australia, Not India’

    The series of errors made by Krutrim AI has caused a great deal of laughter on social networking platform X, where screenshots of the chatbot’s replies have gone viral.

  • Bhavish Aggarwal launches India’s AI chatbot ‘Krutrim AI’, Challenges ChatGPT And Google’s Gemini |

    New Delhi: On Monday, Bhavish Aggarwal, the founder and chairman of Ola, introduced ‘Krutrim AI,’ India’s new artificial intelligence (AI) chatbot. This chatbot aims to compete with other prominent AI systems like OpenAI’s ChatGPT and Google’s Gemini. With this latest development, Ola ventures into the realm of AI-driven conversational technology, showcasing its commitment to innovation in the digital space.

    The AI ​​chatbot is currently being released in a public beta phase. (Also Read: Can Dehydration Lead To Stroke, As Mentioned By Zerodha’s Nithin Kamath?)

    “As promised, starting the @Krutrim AI public beta rollout today,” Aggarwal wrote on build on this base. Do give us your feedback.” (Also Read: End-User Spending On Security, Risk Management To Reach $2.9 Billion In India: Reports)

    He mentioned that the chatbot will assist users in over 10 Indian languages, such as English, Hindi, Tamil, Bengali, Marathi, Kannada, Gujarati, and even Hinglish (a blend of Hindi and English).

    “Krutrim marks the dawn of a new era in the AI ​​computing stack for our nation. We will aim to innovate alongside the world and define future paradigms,” Aggarwal stated. The launch comes after Krutrim became the country’s fastest unicorn and also the first AI unicorn in the country, after it closed its first round of funding.

    The funding round, led by investors such as Matrix Partners India and others, garnered an investment of $50 million in equity at a valuation of $1 billion. (With inputs from IANS)