Ola Electric, which has filed draft papers for an initial public offering, confirmed the numbers to Mint.
However, Ola Electric's draft papers, filed on 22 December and that cite financials till 30 June, make no mention of the related-party transaction, implying these sales occurred in the six months after June.
According to three people aware of the matter, who spoke on the condition of anonymity, Ola Electric sold at least 12,000 scooters to ANI Technologies and its subsidiaries from April 2022 to December 2023, with the majority of these sales taking place in December. Ola, however, denied the bump in registrations in December. It also pointed to its own figure of 8,206 scooters registered by ANI Technologies. According to Vahan data, Ola Electric sold around 376,000 electric scooters since inception till end of December 2023.
Ola accounted for four out of every 10 electric scooters sold in India in December, data released on 1 January showed.
Bu hikaye Mint Mumbai dergisinin January 10, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin January 10, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Zepto eyes $250 mn from HNIs, wealth cos at flat valuation
Quick commerce startup Zepto is looking to raise about $250 million from high-net-worth individuals and wealth management firms, including Motilal Oswal, IIFL and InCred, at a near-flat valuation of $5 billion, three people familiar with the matter said.
Inflation chills rate hopes; IIP recovers
At 6.21%, retail inflation crosses all estimates; factory output up
7 myths about ADHD and how to handle it
Some adults with ADHD are misdiagnosed as having anxiety or depression as myths prevail even in the medical community
Why women bear the brunt of misdiagnosis
Girls are half as likely as boys to be diagnosed correctly as having ADHD, show studies
At these international marathons, it's ready, steady, swig
Can running and drinking go together? From France to Scotland, here are five races where running is a merry party
Indian IT firms should brace for Trump's second term
Restrictive visa, trade and other policies under Trump 2.0 may force a review of their US-centric business models
Freebies don't offer a long-term solution but let us not ban them
Keeping citizens dependent on handouts is not fiscally sustainable. India needs a transparent framework to regulate them
Is Nvidia's chief dreaming of selling us R2-D2-like robots?
It may turn out to be a good bet if the chip-maker keeps its risks low
Two ways the EPFO can get itself an image boost
India's state-run retirement fund would do itself a favour by resolving its high level of claim rejections and speeding up interest payments. Its digital makeover should signal efficiency
Forex card vs debit card: How to lower cross-border markup fees
Unlike debit cards, forex cards are not linked to your bank account, limiting your exposure to fraud and theft
