Ola Electric Posts First Quarterly Results as Public Company, Reports Revenue Growth and Reduced Losses - Funding Raised

Ola Electric Posts First Quarterly Results as Public Company, Reports Revenue Growth and Reduced Losses

Ola Electric’s Q1 FY25 revenue increased by 2.9% to Rs 1,644 crore, with losses reduced by 16.6% to Rs 347 crore. The company’s revenue primarily came from electric scooter sales. Cost-cutting measures contributed to the improved financials, while Ola maintained a leading 39% market share in the electric two-wheeler sector.

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