{"id":260503,"date":"2025-03-17T11:04:08","date_gmt":"2025-03-17T11:04:08","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/17\/ola-electrics-unit-faces-two-insolvency-pleas-over-vendor-dues\/"},"modified":"2025-03-17T11:04:08","modified_gmt":"2025-03-17T11:04:08","slug":"ola-electrics-unit-faces-two-insolvency-pleas-over-vendor-dues","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/17\/ola-electrics-unit-faces-two-insolvency-pleas-over-vendor-dues\/","title":{"rendered":"Ola Electric\u2019s Unit Faces Two Insolvency Pleas Over Vendor Dues"},"content":{"rendered":"
\"Ola<\/div>


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A unit of Ola Electric Mobility. is facing insolvency petitions from two of its key vehicle registration service providers in India over unpaid dues, adding to the EV maker’s mounting troubles.<\/p>\n

Rosmerta Digital Service. and Rosmerta Safety Systems \u2014 suppliers of vehicle registration services and high-security registration plates respectively \u2014 have separately filed insolvency pleas against closely held Ola Electric Technologies, citing unpaid invoices, people familiar with the matter said.<\/p>\n

Ola Electric Technologies<\/a> is a wholly-owned subsidiary of Ola Electric Mobility and accounts for the bulk of the parent’s revenue.<\/p>\n

Rosmerta Digital Services claims outstanding dues of just over 220 million rupees ($2.5 million), while its sister company, Rosmerta Safety Systems, has sought nearly 25 million rupees in payments, the people said.\u00a0<\/p>\n

The maker of electric scooters \u2014 backed by SoftBank Group Corp. \u2014 informed stock exchanges late Saturday night that Rosmerta Digital Services had filed an insolvency plea against its subsidiary in the National Company Law Tribunal in Bengaluru, where Ola Electric is based. The company said it strongly disputes the claims and is seeking legal advice on the matter.<\/p>\n

Rosmerta Digital Services and Rosmerta Safety Systems declined to comment. Ola Electric referred Bloomberg to the stock exchange filing when asked for a comment on the petitions against its unit.<\/p>\n

The petitions come amid a shift in the way Ola Electric is handling vehicle registrations. Last month, the company said in a filing that it was \u201crenegotiating\u201d contracts with service providers, including Rosmerta Digital and Shimnit India Pvt. Founder and Chief Executive Officer Bhavish Aggarwal announced on X last week that the company was moving its registrations process \u201cin house<\/a>.\u201d<\/p>\n

The insolvency petitions against its unit add to a growing list of challenges for the company, which has struggled with\u00a0regulatory<\/a>\u00a0scrutiny, customer complaints, and financial strain.\u00a0<\/p>\n

A Bloomberg News\u00a0investigation found<\/a>\u00a0that over 95 percent of Ola’s 4,000 showrooms lacked the necessary approvals to display or sell unregistered vehicles. Transport authorities in multiple states have since conducted raids, shut down outlets, seized vehicles and issued notices to the company.<\/p>\n

Ola Electric is also in the midst of a sweeping workforce\u00a0reduction<\/a>, Bloomberg reported earlier this month. Its shares have plunged more than 65% from their peak since its\u00a0IPO debut in\u00a0<\/a>August, reflecting broader investor concerns over its operational and regulatory hurdles.<\/p>\n

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\u00a9\u00a02025\u00a0Bloomberg LP<\/em><\/p>\n<\/article>\n

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n


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A unit of Ola Electric Mobility. is facing insolvency petitions from two of its key vehicle registration service providers in India over unpaid dues, adding to the EV maker’s mounting troubles. Rosmerta Digital Service. and Rosmerta Safety Systems \u2014 suppliers of vehicle registration services and high-security registration plates respectively \u2014 have separately filed insolvency pleas […]<\/p>\n","protected":false},"author":2,"featured_media":260504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/ola_electric_ipo_reuters_1722090442545.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[18532,20464,4408,273,23430,20463,20460,200862,1627,200863,200864,4493,38227],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/260503"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=260503"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/260503\/revisions"}],"predecessor-version":[{"id":260505,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/260503\/revisions\/260505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/260504"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=260503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=260503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=260503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}