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<keyword id="6354720" type="General" weightage="100" keywordseo="ola" source="Orion">Ola</keyword> on Sunday responded to the electric scooter fire incident that took place in Pune, saying our investigation has revealed that aftermarket parts used in the scooter led to a short circuit which resulted in the incident. The company also confirmed that the battery of the vehicle is intact and functional. In addition, the company informed "the customer is safe and unharmed". A user had shared the video of the incident on X, mentioning that the model of the scooter was Ola S1, which caught fire, and the incident happened near the parking lot of D.Y Patil College in Pimpri Chinchwad. "Shocking..... Ola S1 Get fired At Parking Near D Y Patil Institute Pimpri Pune," the user wrote. The news was first reported by Pune Mirror. The video shows heavy smoke coming out of a scooter while the fire brigade team uses a water hose to control it. While there have been no casualties reported, the scooter was severely damaged. This is the second such incident involving Ola's electric scooters in Pune. Another Ola S1 Pro scooter caught fire in the Dhanori area of Pune in March 2022. In July this year, an <keyword id="4393078" type="General" weightage="50" keywordseo="ola-electric" source="Orion">Ola electric</keyword> scooter worth Rs 149,000 reportedly caught fire at a residence in Kerala's Thiruvananthapuram district. Meanwhile, a similar incident was reported by another X user on October 20, mentioning a fire incident with Ola S1 Pro. "Hello Everyone, I am Abhijeeth Singh actually I am facing a lot of problems from Ola Electric. And the reason I am saying this is because, on August 24 my Ola S1 pro met with a Fire accident at midnight some 11:30 p.m. - 12:00 a.m. So after some effort, we managed to put off the fire," the user said. He also shared a picture of the extensively damaged vehicle in his post.

Ola electric scooter catches fire in Pune, company responds

<ul class="summary-list"><li>Electric scooter company Bird has declared bankruptcy.</li><li>It was valued at $2.5 billion in 2019 as it rode a wave of hype for rented electric scooters.</li></ul>Electric scooter pioneer Bird, which <a target="_blank" href="https://techcrunch.com/2018/03/09/bird-is-raising-100-million-to-become-the-uber-of-electric-scooters/">once sought to become the Uber of electric scooters</a>, just declared bankruptcy.The urban transport company said on Wednesday that <a target="_blank" href="https://ir.bird.co/news-events/press-releases/detail/115/bird-enters-into-comprehensive-restructuring-support">it had filed for Chapter 11 bankruptcy in Florida,</a> after several years of <a target="_blank" href="https://www.businessinsider.com/bird-requesting-lost-funds-from-customers-worth-just-cents-2022-12">financial problems</a>.Bird was <a target="_blank" href="https://www.theverge.com/2018/9/20/17878676/electric-scooter-bird-lime-uber-lyft">one of the first companies</a> to rent out electric scooters in city centers, and rode a Silicon Valley craze for micro-mobility to <a target="_blank" href="https://techcrunch.com/2019/07/22/bird-raises-series-d-round-sequoia-2-5-billion-valuation/">a $2.5 billion valuation in 2019</a>.The company said Wednesday that its services would continue to operate as normal while bankruptcy proceedings, which do not include Bird's European and Canadian subsidiaries, are ongoing."We are making progress toward profitability and aim to accelerate that progress by right-sizing our capital structure through this restructuring," said Bird's interim CEO Michael Washinushi.Bird was founded by former Uber and Lyft executive Travis VanderZanden, who was once described as <a target="_blank" href="https://www.vanityfair.com/news/2018/06/electric-scooter-king-travis-vanderzanden-selling-bird-shares">the "electric scooter king,"</a> in 2017.The electric mobility company quickly became a VC darling. It has recieved around <a target="_blank" href="https://twitter.com/dealroomco/status/1737416130828927230?s=20">$1.2 billion in venture capital funding</a> since 2017, according to investing database Dealroom.co.However, the startup also attracted a fair amount of controversy, with Bird heavily criticized after it installed its scooters in Santa Monica <a target="_blank" href="https://www.washingtonpost.com/national/sudden-appearance-of-electric-scooters-irks-santa-monica-officials/2018/02/10/205f6950-0b4f-11e8-95a5-c396801049ef_story.html">without telling local officials</a>.Former employees also accused the company of having a <a target="_blank" href="https://www.theverge.com/2020/4/23/21231802/bird-electric-scooter-company-workplace-culture-layoffs">toxic corporate culture</a>, with one former COO <a target="_blank" href="https://www.businessinsider.com/bird-coo-drunk-pretend-fired-workers-slack-joke-prank-report-2020-4">reportedly getting drunk and pretending to fire random employees</a> over Slack as a joke.The global shutdown of major cities in the Covid pandemic <a target="_blank" href="https://www.businessinsider.com/vc-predicts-bird-scooter-startup-comeback-2020-5">hit the scooter startup hard</a>, forcing it to pull all of its scooters from US and European markets and lay off 30% of its employees.The company IPO-ed in 2021 but its shares <a target="_blank" href="https://www.wsj.com/articles/bird-electric-scooter-company-files-for-bankruptcy-after-2021-spac-96ca4a10">lost 90% of their value</a> in the six months after. In November 2022, it <a target="_blank" rel="" href="https://www.sec.gov/Archives/edgar/data/1861449/000186144922000221/exhibit991-earningsrelea.htm">admitted in a press release</a> that it had been inflating revenue for the past couple of years. VanderZanden officially <a target="_blank" href="https://techcrunch.com/2023/06/30/bird-founder-travis-vanderzanden-steps-down-board/">left the company</a> in June of this year, and Bird was <a target="_blank" href="https://www.cnbc.com/2023/09/22/scooter-company-bird-delisted-from-nyse-will-trade-over-the-counter.html">delisted from the NYSE</a> in September after failing to keep its market cap above $15 million for 30 consecutive days.Bird declined to comment when contacted by Business Insider.

Bird, once primed to be the Uber of electric scooters and valued at $2.5 billion, just filed for bankruptcy

<ul class="summary-list"><li>EV charging has improved, but there is still a long way to go to convince the average driver.</li><li>Demand for electric vehicles in the US fell 14% in 2023, according to EY's study.</li></ul>We're getting closer to a cure for range anxiety, so why don't more people <a target="_blank" class="" href="https://www.businessinsider.com/automakers-back-to-the-drawing-board-ev-plans-2024-2">want an EV</a>?Only 34% of US shoppers planning to buy a vehicle in the next two years say they're likely to buy an EV, down significantly from the prior year, despite diminishing concerns about things like range anxiety and charging.The diverging trends were illustrated in EY's annual <a target="_blank" class="" href="https://www.ey.com/en_us/newsroom/2024/09/us-consumers-less-likely-to-purchase-an-ev-than-last-year">Mobility Consumer Index</a>, which surveyed 20,000 respondents in 28 countries who said they were considering buying a new car in the next 24 months. Among US respondents, the firm found that only 24% of potential buyers cited range limitations as a top concern (down from 30% in the prior year), and only 23% are concerned about finding a place to plug in (down from 34%).This dip in demand is reflected in a <a target="_blank" class="" href="https://www.businessinsider.com/electric-vehicle-misconceptions-about-the-ev-transition-market-sales-2024-5">stagnation in EV sales growth</a> over the past year as companies adjust to a new crop of more practical green-car shoppers. Simply put, these shoppers are also much more difficult to please than the enthusiastic early adopters of years past. EY found that only 24% of US car buyers named range limitations a top concern, down from 30% a year ago. Meanwhile, only 23% of US buyers said they were concerned about <a target="_blank" class="" href="https://www.businessinsider.com/electric-vehicle-range-ev-charging-station-infrastructure-issues-2024-5">finding a place to plug in</a>, down from 34% of respondents in 2023.That should be a huge deal, but <a target="_blank" class="" href="https://www.businessinsider.com/ev-electric-car-sales-plateau-early-adopters-competition-2023-8">today's electric-car shoppers</a> are less willing to endure the steep learning curve associated with switching to a fully electric car — even if they're getting cheaper and the tech is getting better."To keep momentum and make EV ownership appealing, it's imperative to educate and create a seamless customer experience from the dealership to the charge point," EY's Americas Power &amp; Utilities eMobility Leader Marc Coltelli said in the study.Battery-powered cars accounted for a record 7.6% of all car sales in 2023, according to Kelley Blue Book, up from 5.9% in 2022. But that sales growth has hit a plateau after years of exponential growth. Industry executives and analysts this year are estimating a more modest increase by the end of 2024, with EVs expected to account for between 8% and 10% of sales this year.<h2 id="5e995481-cafc-4a05-bbdd-943490394d6e">EV charging has improved, but there is still a long way to go</h2>Both the automotive industry and the US government have rallied around this issue, and at the start of this year the number of public charging stations in the US had doubled from 2020, according to Pew Research and the Department of Energy.In addition to this improvement in infrastructure, several EVs have been engineered to drive about as far as a gas car on a single charge, and batteries today are built to charge faster.But it's still not enough. The network of 61,000 public charging stations in the US pales in comparison to the roughly 120,000 gas stations nationwide. And just because a charger exists doesn't mean it's in the right place or compatible with the EV you're driving.<a target="_blank" class="" href="https://www.jdpower.com/business/press-releases/2024-us-electric-vehicle-experience-evx-public-charging-study">JD Power</a>'s annual study of EV public charging experiences released in August found that 19% of respondents visited a charger but were not actually able to charge their vehicle. A majority of these failed charging visits were due to lack of availability or the charger being broken, JD Power found.Affordability is also a key issue for today's electric car shoppers, an issue the industry has tried to address with lower sticker prices. The average price paid for an EV has fallen steadily for the past year, and some of the best <a target="_blank" class="" href="https://www.businessinsider.com/ev-pile-up-dealer-lots-deals-discounts-leasing-2024-8">leasing deals</a> are reserved for electric cars right now.But EV shoppers have found a new cost to angst over.EY also found improvements in <a target="_blank" class="" href="https://www.businessinsider.com/meet-dozens-of-startups-leading-the-electric-car-charging-market-2022-2">charging and range attitudes</a> were dampened by an increase in worry about battery life and maintenance fees, with 27% of US respondents reporting concerns about expensive batteries.<h2 id="4c339c1e-7bfe-4082-9692-fca09b6cc911">EVs are still a tough sell for the average buyer</h2>US consumers are still quite skeptical about making the jump to a fully electric car, with 21% of respondents in EY's study saying they prefer a gradual transition from gas-powered cars to battery-powered cars.That's stoking demand for <a target="_blank" class="" href="https://www.businessinsider.com/car-buyer-interest-hybrids-as-electric-vehicle-adoption-slowing-2023-10">hybrid vehicles</a>, which come in plug-in varieties or with gas-electric engines that don't need to recharge at all, due to the higher mileage per gallon and less of a lifestyle switch."With many still hesitant to go all in with EVs, hybrids offer an 'easier-to-swallow' solution," EY Americas Aerospace, Defense and Mobility Leader Raman Ram said in the report. "For those who are looking to transition due to the environment, hybrids allow owners to lessen their reliance on fuel and creates options for batteries and parts. For many, it's a win-win."It's not quite that simple, though. Hybrids are hard to find right now as automakers rush back to the once-withering segment. The current mismatch between supply and demand for these vehicles makes shopping for them stressful and <a target="_blank" class="" href="https://www.businessinsider.com/plug-in-hybrid-prices-soaring-demand-electric-cars-2024-9">prices hard to swallow</a>.

Drivers are feeling better about EV range and charging infrastructure, but still aren't ready to go electric

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Ola electric scooter catches fire in Pune, company responds

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Bird, once primed to be the Uber of electric scooters and valued at $2.5 billion, just filed for bankruptcy

Tom Carter

Drivers are feeling better about EV range and charging infrastructure, but still aren't ready to go electric

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