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.

6 November, 202510 min
0
Ola Electric’s cash position looks worrying

You may also like

Internet
Story image

Bhavish Aggarwal’s raise-and-repeat playbook

Aggarwal’s floundering venture is back in the market for funds, barely months after a hefty debt raise. Time for Ola Electric’s board to finally stir from its sleep.

Internet
Story image

Namma Yatri’s complex, wild pursuit to fix public transport

The service that disrupted the entire ride-hailing sector two years ago isn’t fighting to counter its well-funded, larger rivals. It is building something else altogether.

Internet
Story image

Ola Electric posts ‘better’ results, but deeper problems persist

A bounce in margins and stock price hides a serious crisis at the Bhavish Aggarwal-led EV maker, where volumes have stalled, rivals are gaining and product trust is breaking down.