The TRUTH About Ola Electric - Startup Case Study
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- čas přidán 26. 07. 2024
- 00:00 - Intro
01:07 - Origin of Ola Electric
03:59 - Rapid Growth
05:16 - Tough Times
06:49 - Future Plans
08:40 - Conclusion
The video provides a detailed overview of Ola Electric's journey, from its inception to its current position as a key player in India's electric vehicle (EV) industry.
1. Introduction:
In 2020, India sold 26,000 electric two-wheelers, increasing to 1 lakh per month by the end of 2023.
Ola Electric has been instrumental in this growth, emerging as a significant player in the EV revolution.
2. Origin:
Ola Electric was founded in 2017 by Bhavish Aggarwal, the founder of Ola Cabs, with a vision to establish India as a global EV hub.
Recognizing the global shift towards electric and self-driving vehicles, Bhavish aimed to solve for electrification first, focusing on electric two-wheelers due to their dominance in India's vehicle fleet.
3. Growth and Challenges:
Ola Electric acquired Etergo to accelerate the development of electric scooters.
Despite initial skepticism, Ola Electric launched the Ola S1 and S1 Pro scooters within a year of the acquisition.
The company achieved significant pre-orders, leveraging effective marketing strategies and competitive pricing.
However, challenges emerged, including delays in scooter deliveries, technical issues such as battery fires and software glitches, and internal leadership concerns.
4. Future Plans:
Ola Electric aims to expand beyond scooters into electric motorcycles and cars.
Bhavish Aggarwal unveiled a line of electric motorcycles and plans to launch an electric car in December 2024.
The company is building the Gigafactory to produce lithium-ion batteries, aiming to control the entire supply chain and ensure quality and safety.
5. Outro:
Bhavish Aggarwal's ambitious vision encompasses disrupting multiple industries, including mobility, automobiles, clean energy, and artificial intelligence (AI). Ola Electric represents a crucial component of this vision, with plans to integrate AI technology developed by Krutrim, another venture by Bhavish Aggarwal. In summary, Ola Electric's journey reflects the transformative potential of EVs in India's transportation landscape, driven by Bhavish Aggarwal's ambitious vision and strategic initiatives. Despite challenges, the company continues to innovate and expand its presence in the evolving EV market, aiming to establish India as a global leader in electric mobility.
#entrepreneur #startup #olaelectric
"It's not just about any company; it's about the vision, determination, and leadership of the individuals behind it. Bhavish Aggarwal's journey with OLA EV is a testament to the power of innovation and perseverance. Truly inspiring!"
Did it make money ? Or shit talk
@@ChitogeChitogeK Looks like you don't have any idea about business.
They may not make any money now.
But if they capture the market, they will be the leaders of tomorrow and they will earn lots and lots of money.
Like, Dislike or Troll him but we can't deny the fact that we want more people like Bhavish in our country. We want more ambitious people
unfortunately, most people in india have the " crab in the bucket mentality " they try to pull down people who dare to build big and then simultaneously crib about why we don't have our own chat gpt and tesla .
@@rudrasingh883 Just go and see his one of the past short where he mentioned how bhavesh Aggarwal have made india own Ai that's made from scratch in india name is krutrim like bard , gpt where people trolling the API working in background 😂😂😂
Yeah just like the byju's and paytm dude
@@Aaditya_official most of these people are 12 pass anpad gawar jinko shirf dusro ka tang kheech ne mein maja aata hai . yehi same logo jio ko bhi gali dete hai wo bhi jio ke data pack pe . lol
@@tronortron This kinda mindset is what pulling India down. This mindset will make us sl@ves of the West. A country shouldn't be dependent on others and should make alternative companies of what the world offers. That is what China doing and also exporting to other markets. In India, When a new company comes, People will talk about how it will not work lol. Let them try and fail. At least one of them will succeed
I personal need Bahvesh to succeed. Successful Indian entrepreneur ls are the hope
i want atleast good ola body build ... forget about battery tech
Need more entrepreneurs like bhvish agarwal people like him are needed to make india developed
Chor chor mosere Bhai
All they need to improve now is the after sales service (it solves th problem but also takes some time) and the build quality, also their scooter software is improving after each update, i have ola s1 and it hadn't glitched once ever since i had updated it 2 months ago, Bhavesh needs to succeed really brought a revolution to ev industry, other companies were really sucking the peoples money or they just handed us chinese scooters😅OLA had brought a tough competition to all and brought that price affordable to a middle class man, EVs are majorly bought to save fuel money, evn thn the purchase price mattrs a lot, they came up with best specs best range with best price, thats all everbody needed🎉
Let's applause 👏 Bhavesh for this feet
We don't appreciate our people enough
Why should we applause a scammer?
Feat 😊
Your English teacher won’t clap though
Feat*
Great ambition make him clear path to achieve market requirements in EV as sun rising industry.
Ola as a product is truly revolutionary, especially the Ola S1 Pro 1st Gen.
Great video, Bhavish is very ambitious, I am sure his impact in 10 years will be something very big. Ola Electric is already very big and now his AI company will also disrupt the market.
I bought Ola S1 pro in May 2021. In just 20 months I have completed 38000 odd kms. Helping me save almost Rs. 87000(2.3/kms). The only problem I am facing is service. Really hard to get an appointment if you are from rural India. ✅
All in all a BEAST🐯
godspeed to Bhavish my friend - Bharat needs to conquer the global EV and fuel cell industry in this decade
Fuel cell is dud
@@bigapple5842 nope
lol not gonna happen
Great valued video❤😊
Shame of you guys.. this is clearly a paid video, just prepping them for ipo
Really n..
every one talking about ola but no one talking about athar that is also a good company and founder is also a good person
Yes Ather is definitely worth the praise. Their innovation and quality is setting standards for the world to see.
Very good information ❤
Personally I don't think that Bhavesh would be able to build a company for India as Tesla is for USA. I think it's going to be someone new who will get the job done not Ola or Bhavesh
Aether is the better EV two wheeler.
They did not get as much funding.
If not for Ola Entry, the next scooter launch from Ather would have costed 3 lakh, 5 lakh and 15 lakh. They would have been fine being a niche player.
Competition from Ola made Ather to launch 450S and now the family Scooter.
@@evthink that's all because of less funding.
Funding doesn't depend on talent or commitment. It depends on connection and some luck.
😂
Ola service is aweful . Right now compnay is only focused on making money . Once sold you are at your own
You didn't put up a whole. Me being an electric enthusiastic, let me tell you his another side of vision! He wants to go in *commercial vehicle* segment too. Be it 3 wheeler, trucks, big trucks, Vans, agricultural vehicles. ALL. Also, integration of ola and ola electric would make EV (2 and 4 wheeler) for taxi purpose also. Battery being the main line of technology for bhavish. HE WOULD ALSO GO FOR *DRONES* . The whole road map is to integrate all *battery powered* to come under ola group! His vision I wholeheartedly support!🌸👑
He would go in everywhere but will reach nowhere at end
Ola electric is not making any profit, 47% employee left company
But visionary withdrawing salary 3cr per annum director are paid 50lac per annum
But he want to make everything with investor money and in return he make profit NO
Before I even start to watch this video, OLA Electric has serious reliability issues, my S1 Pro is for repair every three months. Don't get it until they solve their quality control
What about lithium extraction...will that not make any adverse effect to to the enivironment
Definitely im going to repeat as other person said in this section.
Like, Dislike or troll him but we definitely need people like him to make India atleast a competitor to China
You need genuine people not crooks
Just hope OLA does not end up like Byju's or Paytm
Bro u didnt talk about the heavy month on month cash burn that Ola Electric is incurring & the funding problem they are facing which has caused/forced them to raise money through IPO
Ola ❤❤
Reason why ola get more like is because they have futuristic Design compared to Ather and TVS or Hera while they have general design of scooter like Petrol one
And the marketing itself was the design of Ola
We need to succeed him but at what cost?
I personally use Ola S1 Pro, and trust me.. while the prpduct is good, the quality control and service is simply crappy!
Especially the service. I hope they sort it out.
Ola bike looks like cyber truck
Need more numbers and actual depth about the product/pricing/response. This is was just an overview video. Please focus on this.
Brilliant case study 🙌🙌
Keep making them
lol.. do you know what a case study is and what a promotion is??
🎉
Didn't you make a video a year ago on how ola revolution faultered?
Ola ipo coming??
Visionary aggrawal.. 😊
So you are suggesting Ola is going to build a self driving scooter. Your research is a little suggestive. I am not sure Ola wanted to protect their cabs, but rather to get into manufacturing. You left out Simple Energy who also started at the same time but still not delivering. Please do a bit more research. The batteries are also in response to government incentives. He never promised self driving vehicles. All scooters from Ather, Ola, Okinawa Jetendra etc had fires until the government enforced better quality checks. Overall Ola is following India's government incentives along with the latest tech, similar to Tesla
He is fast mover.
I have bought the ola scooter 1 year before, if the scooter complains, I don't get service, it takes 3 months to get even a small complaint ready, my scooter has been in the service center twice for 6 months, in these 6 months I have to pay emi 29000 rupees, and for another scooter 6000 rupees per month for petrol., my 15k salary is hard to live for that 6 months,
Jo bhi bolo manufacturing is the need of the hour manufacturing is future we never had manufacturing in this country and that man is doing it kudos ❤ to him for doing this
I am exited to beat on this man .
IPO of ola electric disruption of stock market. India will see highest fdi in ola
Bhavish soon 100 billions club members
First learn English before getting into investing or promoting other's stock
@@RameshKumar-kb7hp"Investing in stocks requires risk, not perfect grammar". Though Maybe he should invest in an English tutor for you, then you can tell him all about your nonexistent portfolio.
@@RameshKumar-kb7hplearn English for investing😂
He’s a part of marketing.
He.have more plans.schooter ,bike,car,suv,mpv,bus,truck,flying taxi,much more
After complain Ahmedabad Gujarat service centre of Ola after 15 hours their service technician not come and not complete service.also know that Ola electric scooter in running stop and after complain not repair by ola electric scooter service centre of Ahmedabad Gujarat
Dealership kyo nahi deti hai ola
for the algo
People say from the west, Bhavish is the best ✅
My ols s1x+ broke doen 4 times in 3 monthes
I don't want to comment on the capabilities of Bhavesh and his business. But being an automobile enthusiast, I will comment on Ola's scooter. Simply put, this feature rich gimmicky scooter is of horrible quality. India is a market that values features over quality and thus, the sales are high in the interim. However, the poor after sales service and sheer harassment faced by the existing owners will soon mean that there will be no repeat customers. Before, Ola jumps into new ventures (Li-ion batteries, motorbikes, cars etc.) they should work on improving their product experience. Rapid growth and expansion are not the only recipes to a successful business ecosystem.
There is a lot of negative noise made by a minority of Ola owners on issues like delay in delivery or service. The vast majority of customers don't face any issues. On the ground, if you check with average people, most of them have very positive feedback on the vehicle and that is what is increasing the sales. There are quite a few owners with 2 or even 3 Ola Scooters.
It's just the intellectual bubble that gets threatened by growing EV market that hates Ola. If not for Ola market entry, Ather's next scooter would have been 3 lakhs, then 5 lakhs and then 15 lakhs. Ather would have loved to be niche player of EVs. Ola unleashed the EV Revolution in India. And it will 100% go to capture a large chunk of the EV Market in India by bringing the EV Revolution to bikes and hopefully Cars too.
@@evthink I respect your opinion hut I refuse to agree with you on a certain account. "Minority of Ola owners". I an telling you from experience (two of my friends Ola S1 Pro and I have test ridden one before settling for an ICE alternative )and whats on social media, none of their scooters are glitch free. I repeat NONE. You only hear from the minority owners who took to social media to express their outrage but take the time to listen to automobile reviewers and the daily users, you will see a harsher picture of the scooter.
I agree with your point that Ather would have had freedom of chargjng a very high premium on their products. Well said.
lol it's the opposite , india as a country value quality and reliable product over feature rich one .
There are 1000s of consumer court complaints pending and i hope ola files bankruptcy and bavesh getting ass whooped from india
I am not a fan of this guy. He is literally throwing away the business of Ola Cab. Ola Cab services sucks the most now. Unwanted multiple bookings was the latest issue i had experienced out of thousands. I dont trust him on OLA EV. He will throw the business as soon as he finds new opportunity.
Every business get a saturation point that's why Tata , reliance have open numerous businesses
Indian version of elon musk
"indian version of nirav modi", here i corrected you
Electric motor cycle is just an E-scooty with different looks 😀
It's never a motor bike.
Ola bikes launching in December 2024.
Ice motorcycles are just ice scooters with manual gears😂.
Elon Musk ???
Just throw enough money to an educated person with skills (not through reservation) Basically anyone who's not been favoured by the system. YOU'LL GET A TELSA, MICROSOFT, BASF, GUCCI, GOOGLE, BOEING all within India.
As long as the govt keeps promoting established big business, no innovation can happen in India.
Note: anyone means anyone. Even the reserved category candidates. But *not* the *under performing people* with a lot of fortune and favourable systems made just to sustain these people.
only Adani or Ambani cab stop his growth 😂 by using fake allegation with the help of GoI and then buying all 😂😂
Libernadu 😂😂
@@binodtharu6071 check what happening with bajaj finserv and paytm, jio financial services was facing 90cr loss by using gov they are now profitable
I mean he is copying Tesla..lets see if he does it well
We have to support capitalism which will help rich and poor as well
Ola is like paytm
making battery means nothing.... we need better battery tech.
Ola service is aweful . Right now compnay is only focused on making money . Once sold you are at your own
I don't like this host, it talks like an AI bot, no expression no fun. Also his pronunciation is wrong
Do not make Modi your poster face, what happened to Paytm is an example
We'll take all our temples😊 and take our own converted people back into Sanatan
@@bigapple5842Thus you would guarantee India is made in to a Hindu Pakistan
Folks, theyve filed for IPO. Much of what is being sold is far too ambitious. Just have look at their DRHP, do your own research on Indian auto space and global EV peers, you'll have a fair idea of how much hope is being sold. Bhavesh can take a few lessons from Jobs and focus on coming out with quality products even if it takes a bit of time. This get rich quick scheme doesn't work as history shows.
ola bike build is so poor... i will never buy it. i will wait till 10 ola bike generations
paid video
What the f ?? I thought back stage billionaires was a unbiased channel.
Such great things about bhavesh Aggarwal and ola electric. What about their profitability ?? Their selling price is less than their bill materials ?? Poor service?? And the state of ola ?? The founder who keeps jumping from ship to ship when he sees a change in trend??
I felt this video as a sponsored video to set the ground for ola electric ipo.
Fooling retail investors
Lost the respect for you BWB.
Is noone going to talk about negetive 1500 crore loss or burden on OLA company,in comment section
Jo bhi bolo manufacturing is the need of the hour manufacturing is future we never had manufacturing in this country and that man is doing it kudos ❤ to him for doing this