Ola has a lot of plus on its side and just 1 minus point on its side.
The only minus point is its SOFTWARE GLITCHES on the VCU and Touch Screen. Ola is not the only company to suffer from it. Ather also has this problem.
Let us understand this problem thoroughly.
Software glitches on the VCU & Touchscreen is not just an Ola Electric or Ather problem… its quite common in a lot of vehicles with touchscreen. VCU is used with SIM Card to capture customer data. Ather started this stupid idea of capturing customer data… Ola blindly followed it. No other vehicle in India or any other country captures scooter user data… it is used only in premium vehicles.. not in poor man’s mode of travel.
But since Ather’s customers are premium customers from the higher middle class they either have a 2nd scooter or vehicle at home and are not as desperate as the Ola Electric Customer.
The guy who set fire to the Ola Showroom was depending upon the Ola Scooter to run errands and…
There is so much negativity about Ola Electric IPO! So much so that it is nauseating. It also seems Google & YouTube too are against this IPO. Those creators who make negative news about Ola Electric IPO are getting higher visibility. Most YouTuber share-market “analysts” have written negatively about a company which is THE market leader… that too by 30 percent.
Do the analyst think it is a JOKE to get 30% of a market which has the three of the BIGGEST 2-wheeler makers in the world (Hero Motors, Bajaj & TVS)? If they do then it shows their intelligence.
Or should we just call them “Chart-walle-bhaiya-log”?
These were the same “Chart-walle-bhaiya-log” who used to call Suzlon a “flop” company or Fluk-Company.
They also used to call Tata Motors a flop company last year when its shares were trading below Rs 120.
Investment in Ola Electric will reap benefits only in long term (10+ years). The company is in loss due to heavy investment in plant & machinery and will turn profitable over the years. This year it just set up plant for manufacturing Li-Ion batteries and started manufacturing leaving Exide & Amara Raja far behind.
Then there is eRickshaw & eCar manufacturing. All this is capital intensive.
End of Ice Age?… This could be the start of the end for Internal Combustion Engine (ICE) Petrol/Diesel cars & scooters/motorcycles… for… Stone age did not end due to the lack of stones.
Ola Electric, the e-scooter manufacturer submitted its initial draft papers to SEBI to initiate an initial public offering (IPO) aimed at raising ₹5,500 crore.