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.

15 July, 202514 min
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Ola Electric posts ‘better’ results, but deeper problems persist

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From electric vehicles to quick commerce, finance to retail, India continues to be a market where late movers can always catch up.

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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.

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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.