"70% drop"

#12276889

18 April 2025

Ola Electric Mobility Ltd.'s electric scooters are displayed at an Ola showroom in Srinagar, Jammu and Kashmir, on April 18, 2025. Ola Electric, once a leader in India's electric vehicle sector, now faces significant setbacks that threaten its future. Founded in 2010, the company expands rapidly from ride-hailing services to electric scooters and battery production, attracting substantial investments from global giants like SoftBank and Tiger Global. However, following a record initial public offering (IPO) in 2024, Ola's electric scooter sales plummet, raising concerns about its viability in a highly competitive market. The company's market value drops by nearly 70% over the following seven months. Sales fall to less than half of what they are in April 2024, with February 2025 registrations dropping to just 8,647 units--a 74.5% year-on-year decline.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12276893

18 April 2025

The Ola Electric Mobility Ltd. logo appears on an electric scooter at an Ola showroom in Srinagar, Jammu and Kashmir, on April 18, 2025. Ola Electric, once a leader in India's electric vehicle sector, now faces significant setbacks that threaten its future. Founded in 2010, the company expands rapidly from ride-hailing services to electric scooters and battery production, attracting substantial investments from global giants like SoftBank and Tiger Global. However, following a record initial public offering (IPO) in 2024, Ola's electric scooter sales plummet, raising concerns about its viability in a highly competitive market. The company's market value drops by nearly 70% over the following seven months. Sales fall to less than half of what they were in April 2024, with February 2025 registrations dropping to just 8,647 units--a 74.5% year-on-year decline.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12276894

18 April 2025

Ola Electric Mobility Ltd.'s electric scooters are displayed at an Ola showroom in Srinagar, Jammu and Kashmir, on April 18, 2025. Ola Electric, once a leader in India's electric vehicle sector, now faces significant setbacks that threaten its future. Founded in 2010, the company expands rapidly from ride-hailing services to electric scooters and battery production, attracting substantial investments from global giants like SoftBank and Tiger Global. However, following a record initial public offering (IPO) in 2024, Ola's electric scooter sales plummet, raising concerns about its viability in a highly competitive market. The company's market value drops by nearly 70% over the following seven months. Sales fall to less than half of what they are in April 2024, with February 2025 registrations dropping to just 8,647 units--a 74.5% year-on-year decline.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12276895

18 April 2025

Ola Electric Mobility Ltd.'s electric scooters are displayed at an Ola showroom in Srinagar, Jammu and Kashmir, on April 18, 2025. Ola Electric, once a leader in India's electric vehicle sector, now faces significant setbacks that threaten its future. Founded in 2010, the company expands rapidly from ride-hailing services to electric scooters and battery production, attracting substantial investments from global giants like SoftBank and Tiger Global. However, following a record initial public offering (IPO) in 2024, Ola's electric scooter sales plummet, raising concerns about its viability in a highly competitive market. The company's market value drops by nearly 70% over the following seven months. Sales fall to less than half of what they are in April 2024, with February 2025 registrations dropping to just 8,647 units--a 74.5% year-on-year decline.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12276896

18 April 2025

The Ola Electric Mobility Ltd. logo appears on an electric scooter at an Ola showroom in Srinagar, Jammu and Kashmir, on April 18, 2025. Ola Electric, once a leader in India's electric vehicle sector, now faces significant setbacks that threaten its future. Founded in 2010, the company expands rapidly from ride-hailing services to electric scooters and battery production, attracting substantial investments from global giants like SoftBank and Tiger Global. However, following a record initial public offering (IPO) in 2024, Ola's electric scooter sales plummet, raising concerns about its viability in a highly competitive market. The company's market value drops by nearly 70% over the following seven months. Sales fall to less than half of what they were in April 2024, with February 2025 registrations dropping to just 8,647 units--a 74.5% year-on-year decline.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#12276898

18 April 2025

Ola Electric Mobility Ltd.'s electric scooters are displayed at an Ola showroom in Srinagar, Jammu and Kashmir, on April 18, 2025. Ola Electric, once a leader in India's electric vehicle sector, now faces significant setbacks that threaten its future. Founded in 2010, the company expands rapidly from ride-hailing services to electric scooters and battery production, attracting substantial investments from global giants like SoftBank and Tiger Global. However, following a record initial public offering (IPO) in 2024, Ola's electric scooter sales plummet, raising concerns about its viability in a highly competitive market. The company's market value drops by nearly 70% over the following seven months. Sales fall to less than half of what they are in April 2024, with February 2025 registrations dropping to just 8,647 units--a 74.5% year-on-year decline.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11338317

17 June 2024

A commercial residential property is under construction in Qingzhou, China, on June 17, 2024. On the same day, the National Bureau of Statistics is releasing data showing that in May 2024, in 70 large and medium-sized cities, the sales price of commercial housing in all lines of cities is falling month-on-month.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11338318

17 June 2024

A commercial residential property is under construction in Qingzhou, China, on June 17, 2024. On the same day, the National Bureau of Statistics is releasing data showing that in May 2024, in 70 large and medium-sized cities, the sales price of commercial housing in all lines of cities is falling month-on-month.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11338319

17 June 2024

A commercial residential property is under construction in Qingzhou, China, on June 17, 2024. On the same day, the National Bureau of Statistics is releasing data showing that in May 2024, in 70 large and medium-sized cities, the sales price of commercial housing in all lines of cities is falling month-on-month.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11338320

17 June 2024

A commercial residential property is under construction in Qingzhou, China, on June 17, 2024. On the same day, the National Bureau of Statistics is releasing data showing that in May 2024, in 70 large and medium-sized cities, the sales price of commercial housing in all lines of cities is falling month-on-month.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11338321

17 June 2024

A commercial residential property is under construction in Qingzhou, China, on June 17, 2024. On the same day, the National Bureau of Statistics is releasing data showing that in May 2024, in 70 large and medium-sized cities, the sales price of commercial housing in all lines of cities is falling month-on-month.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11338322

17 June 2024

A commercial residential property is under construction in Qingzhou, China, on June 17, 2024. On the same day, the National Bureau of Statistics is releasing data showing that in May 2024, in 70 large and medium-sized cities, the sales price of commercial housing in all lines of cities is falling month-on-month.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11338323

17 June 2024

A commercial residential property is under construction in Qingzhou, China, on June 17, 2024. On the same day, the National Bureau of Statistics is releasing data showing that in May 2024, in 70 large and medium-sized cities, the sales price of commercial housing in all lines of cities is falling month-on-month.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#10959812

3 February 2024

People are walking on a snow-covered road after fresh snowfall in the Gagangir area of Ganderbal district, 70 kilometers from Srinagar, in Indian Administered Kashmir, on February 2, 2024.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#10403598

24 August 2023

Farmers water seedlings by hand to help them grow in Shandan county, Zhangye city, Gansu province, China, Aug. 23, 2023. It is reported that the average temperature in June 2023 in Zhangye City was the highest since 1953. Precipitation has decreased significantly, with an average precipitation of 50.5 mm, the amount of water flowing from rivers has dropped sharply, 17 small and medium-sized reservoirs have reached the state of dead storage capacity, and nearly 200,000 people have difficulties in providing water for their daily lives, suffering the worst drought in the past 70 years.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#10403600

24 August 2023

Technicians check the dry situation of Liqiao Reservoir in Shandan county, Zhangye city, Gansu province, China, August 23, 2023. It is reported that the average temperature in June 2023 in Zhangye City was the highest since 1953. Precipitation has decreased significantly, with an average precipitation of 50.5 mm, the amount of water flowing from rivers has dropped sharply, 17 small and medium-sized reservoirs have reached the state of dead storage capacity, and nearly 200,000 people have difficulties in providing water for their daily lives, suffering the worst drought in the past 70 years.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.