Ola Electric will never show a profit. Here’s why.
A simple exercise involving its publicly shared numbers shows that the EV maker will probably never break even, making the case for investment in its ongoing IPO all the more baffling.
5 August, 2024•13 min
0
5 August, 2024•13 min
0

More in Business
Business
Dubai Airshow turns into a heavyweight bout
Highlights from the emirate’s flagship aviation show, Saudi fund’s exits from American stocks and easier personal loans in the UAE.
You may also like
Internet
Prosus bets long (perhaps too long) on ixigo investment
The technology investor’s move to pour Rs 2,000 crore into the online travel aggregator comes as a surprise. Can ixigo live up to the promise of becoming India’s next big travel platform?
Business
Ola Electric’s cash position looks worrying
Its business in a rut, the Bhavish Aggarwal-led firm has burnt through over Rs 1,000 crore in the first six months of the current fiscal. A fundraise is now critical.
Internet
In India’s Lenskart IPO, a success for ADIA
The sovereign wealth fund’s big bet on the Indian eyewear company, Microsoft’s AI win in the Emirates and other updates from the week.








