New Delhi, May 18 -- Ever since Bhavish Aggarwal founded Ola Electric Mobility, he has been pushing for leadership in electric two-wheelers through visible grandstanding, aggressive expansion and disruptive pricing.
This approach fetched the company a valuation of $4 billion in its initial public offering (IPO) last August. Things went downhill soon.
Its stock has nearly halved in value, even as the BSE Sensex rose 3% during this period. An underwhelming stock is just one of the many troubles weighing on Aggarwal, Ola Electric and his other big business, cab-hailing. Earlier this month, an investor in Ola's cab-hailing business valued the private company at $1.25 billion, down 83% from its prime of $7.3 billion in 2021.
Today, Ol...
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