Ambition over execution - OLA Electric

> Started Ola in 2010 after a bad taxi experience. Big ambition from day one.

> Grew Ola fast across India. Burned cash. Disrupted taxis. Took on Uber openly.

> Shifted from cabs to “India must build” and launched Ola Electric.

> Made bold promises on EVs, factories, and self-reliance. Talked big, moved fast.

> Faced quality issues and weak service. Customers went to social media. Backlash exploded.

> Responded aggressively online. Called out critics. Didn’t soften his tone.

> Early investors and old shareholders started selling shares. Confidence was questioned.

> Sold big dreams to Indians and now selling his own shares at Rs.34🥲

I would like to see OLA doing great as a company but looking at the competition and their current approach towards customers it doesn’t seems likely to be true in coming months.

What retail investors and regulators in India cannot see is that, for the promoters, the actual product is the IPO, not the business itself.