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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The company’s two-wheeler sales are evaporating. But its founder is reframing it as a necessary step to achieve profitability. All while trying to pivot towards becoming a company that sells lithium-ion cells instead of automobiles.
Ola Electric founder Bhavish Aggarwal built a company promising to sell millions of scooters every year. Now, he's desperately downsizing to sell just 15,000 a month—and hoping to make up for it with a pivot to home battery storage systems, the market for which remains tiny.
The company’s latest numbers reveal a business in a forced, defensive retreat. Revenue for the quarter ended 31 December 2025 fell 55% year-on-year to just Rs 470 crore. Two-wheeler deliveries plummeted by 61% to 32,680 units. Ola Electric burned through cash rapidly, pushing the bottom line to a net loss of Rs 487 crore, …
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
The Saudi-backed EV maker says claims of a possible collapse are untrue, but investors remain worried about the company’s future.
Despite reducing total losses, the electric scooter maker is losing double the money for every rupee it earns. Collapsing sales, shrinking market share and mounting cash pressure expose its vulnerabilities.
