💨 Abstract

Ola Electric Mobility's vehicle registration service provider, Rosmerta Digital Services, has filed for insolvency proceedings against Ola Electric Technologies Pvt Ltd, citing default in payment. Ola Electric Mobility disputes the claims and will take legal action. The company is also in the process of reducing costs and enhancing registration process efficiencies, and is cutting around 1,000 jobs as part of a restructuring exercise.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖