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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.
A more than 50% drop in revenue and twofold increase in net loss, combined with a Rs 1,700 crore debt raise, signal deepening troubles for the EV company.
If things were bad at Ola Electric earlier, they have taken a turn for the worse.
The Bhavish Aggarwal-led electric scooter maker’s revenue from operations in the fiscal quarter ended March 2025 stood at Rs 611 crore, down 41% from the previous quarter, and 62% from a year ago. Net loss, at Rs 870 crore, widened 54% sequentially and 109% annually. For the full year, operating revenue fell 10% to Rs 4,515 crore and net loss increased over 43% to Rs 2,276 crore.
There is more grim news, hiding in the guise of corporate disclosure. Ola Electric now has negative …
The startup isn’t sure where its future lies—in electric motorcycles or the more recently announced electric scooter? Unsurprisingly, none of the products have amounted to anything so far.
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
Outpaced by legacy giants and newer rivals, the Bengaluru-based EV maker is betting on a mass-market scooter to fix its demand problem. Will a new product succeed where its existing lineup hasn’t?
