During March, Ola Electric also became the first electric vehicle (EV) brand in India to cross 1 million cumulative registrations (as per VAHAN data)
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EV maker reallocates ₹575 crore from R&D to debt repayment and growth as sales slow, market share slips and fundraising challenges persist
Ola Electric has kicked off a plan to raise up to Rs 2,000 crore by selling a stake in its battery arm, Ola Cell Technologies (OCT), according to the sources. OCT owns the Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh of operational capacity and plans to scale to 6 GWh by the end of this financial year. Investment bank Avendus and Motilal Oswal are mandated to run the fundraising process, sources said. The development comes amid Ola Electric's efforts to restructure operations and shore up its balance sheet as it works towards its business turnaround. The stake dilution plans will also determine the market valuation of a crucial battery infrastructure asset that has not yet been ascertained, sources said, adding that the asset's unique nature has attracted inbound interest from financial investors, including some leading sovereign wealth funds. The gigafactory, with an upfront investment of Rs 3,500 crore, marks a significant step toward localising battery cel
Ola Electric shares plunged 16 per cent today to hit a record low of ₹21.21. The stock is down 86 per cent from its peak as February Vahan registrations fell 47 per cent M-o-M to 3,968 units
Ola Electric on Sunday launched 'Ola Insiders', an exclusive community programme for its existing customer base of over 10 lakh riders across the country. The initiative unlocks a host of benefits for the community members, including vehicle upgrade, add-on and referrals. As part of the programme, customers can upgrade their existing scooters and receive benefits of up to Rs 50,000 on the latest Gen 3 S1 portfolio and Roadster motorcycles, including the 4680 Bharat Cell variants, Ola Electric said in a statement. Besides, existing Ola customers can unlock benefits of up to Rs 20,000 when adding another Ola vehicle under the same registered name, it added. The customers can avail referral benefits and earn up to Rs 5,000 in Ola credits upon successful delivery. The referred buyer will also receive a Rs 1,000 cashback. "With over a million riders, our community remains central to our journey. With the launch of Ola Insiders, we are introducing a structured ownership program built a
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In a year, Ola Electric shares have slipped 55.4 per cent as compared to Sensex's rise of 8.9 per cent. Similarly, in a month, Ola Electric shares fell around 16 per cent
Media reports indicated that the South Goa District Consumer Disputes Redressal Commission has issued a bailable arrest warrant against Bhavish Aggarwal
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Analysts believe Ola Electric's turnaround post December quarter (Q3FY26) is likely to be prolonged and challenging.
Ola Electric's Q3FY26 revenue fell 55% amid a steep drop in scooter volumes, triggering a 7% slide in its stock as brokerages flagged prolonged turnaround risks and ongoing market share erosion
Ola Electric reported a consolidated net loss of ₹487 crore in Q3, down from ₹564 crore in the same quarter last year
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Ola Electric's Q3 revenue decline was due to a steep drop in the company's scooter sales to 32,680 units from 84,029 units in Q3FY25
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The Bhavish Aggarwal-led EV maker is pursuing a turnaround strategy focused on improving service delivery and increasing automation across front-end operations
Ola Electric said it would lay off around 5 per cent of its workforce as part of a restructuring aimed at boosting profitability through greater automation
The EV maker later announced the appointment of Deepak Rastogi as its chief financial officer, effective January 20, 2026