Wednesday, April 24, 2024
Outlook India
Outlook Business

Ola Electric

Krutrim recently launched its Large Language Model (LLM), emphasising its extensive training on Indian data. The company said that its model is designed to fuel generative AI applications across all Indian languages.

The proposed IPO is a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 9.52 crore equity shares by promoters and investors

Ola said it aims to simplify the payment process for users by eliminating the need for third-party payment apps

The success of Delhi's ambitious target for cab aggregators to shift to electric vehicles (EVs) by 2030 hinges on overcoming challenges related to infrastructure, costs and incentives

The company's newly launched e-scooter comes in three variants called Ola S1X (3KWH), Ola S1X (2KW), and OlaS1X + (3KWH)

The start-up recently raised $300 million in a funding round led by a sovereign fund company

The recently raised round would help Ola to push its valuation to $6 billion

Ola did not provide the details regarding the amount it planned to reimburse

The company plans to use the funding to develop its manufacturing process, R&D and apply AI and IoT technology to its manufacturing

The company is in preliminary discussions with sovereign wealth funds and energy transition funds