Ola Electric in Problem, Company Unit Faces 2 Insolvency Please Over Vendor Dues, Bajaj Auto

The difficulties are increasing for Ola Electric included in large electric two-wheeler makers. Its vehicle registration service provider has filed a petition of insolvency against a unit of Ola Electric for not paying the outstanding amount. This petition has been filed against Ola Electric Technologies.

Bloomberg News Report According to, two separate petitions have been filed against Ola Electric Technologies against Rosmerta Digital Services and Rosmerta Safety Systems providing vehicle registration services and high-security registration plates. The reason for non -payment of arrears in these petitions has been given. Rosmerta Digital Services claimed about Rs 22 crore and Rosmerta Safety Systems has claimed an outstanding amount of about Rs 2.5 crore.

However, Ola Electric has said that there is a dispute over these claims and she is taking legal advice in the matter. Rosmerta digital services and Rosmerta Safety Systems refused to comment about this. Ola Electric has prepared to process the vehicles themselves. Earlier, the company had outsourced the process of registration of vehicles. The company has formed a team to process the registration of vehicles. Ola Electric estimates that this cost will be reduced to about 20 percent.

For registration of an electric vehicle of the company, Vendor Rosmerta is paid Rs 1,500-1,800. Ola Electric estimates that this expenditure may be reduced to about 300 rupees. Recently, the company had said that there may be a decrease in the registrations of its vehicles on the Vahan portal in February. Ola Electric had said that she is talking again with vehicle registration agencies about her contract. Its purpose is to make the process of registration easier and reduce the cost. However, this will not affect the company’s sales. In February, only one-third of the sale of the company’s electric scooters was registered. Ola Electric has informed about some more than 25,000 units in February. However, the registration of only 8,390 electric scooters is visible on the Vahan portal.