Now, Ola Electric’s head of charging network quits; 32nd resignation in last two years

Another top executive at Ola Electric has resigned from his position - the 32nd resignation from the firm in the last two years. According to ETAuto, Yashwant Kumar, Senior Director and Business Head, Charging Network, Ola Electric Mobility, has put in his papers.

This comes a week after the resignation of Ranjit Kondeshan, who was Director HR at OLA Electric.

According to ET Auto, Yashwant, an IIT-Bombay gradute, joined Ola Electric in March 2021. He had worked in product and brand marketing for over 5 years with Procter & Gamble.

Earlier, Nidhi Chaturvedi Jha quit Ola Electric as regional head in May and joined Amazon.

In April, chief marketing officer Varun Dubey left the company due to "personal reasons".

Dinesh Radhakrishnan, who was the chief technology officer (CTO) at Ola Electric, moved on from the company. According to his LinkedIn profile, he was appointed CTO at Ola Electric in May last year.

Meanwhile, Arun Sirdeshmukh who was head of Ola Cars, which is the used car commerce division of the company, announced his departure from the company.

The high-profile exits come at a time when Ola is reportedly planning its IPO this year at a lower valuation than planned earlier as several startups' IPOs have proved to be a nightmare for the investors.

Ride-hailing platform Ola recently shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market.

The company shut Ola Cars within one years of its launch, as it focuses on its electric two-wheeler and car verticals.

Ola has so far shut down Ola Cafe, food panda, Ola Foods, and now Ola Dash.

Ola now aims to invest more towards its electric car, cell manufacturing, and financial services businesses.

With IANS Inputs