October 14, 2026
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Ola Electric Narrows Q1 Loss as EV Sales Rise

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India’s Ola Electric reported a narrower first-quarter loss, helped by stronger electric two-wheeler sales and lower operating expenses following its restructuring efforts. The company’s net loss for the quarter ended June 30 narrowed to ₹3.36 billion from ₹4.28 billion a year earlier. Ola said orders nearly doubled from the previous quarter to around 44,000 units, […]Continue Reading
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Ola Electric Cuts Quarterly Loss as Cost Controls Ease Pressure

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Ola Electric Mobility reported a narrower quarterly loss as the company reduced operating costs amid intense competition in India’s fast-growing electric two-wheeler market. The SoftBank-backed EV maker posted a net loss of 5 billion rupees for the January–March quarter, compared to 8.7 billion rupees a year earlier. The improvement came despite a sharp decline in […]Continue Reading
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Ola Electric to Invest $208 Million in EV and Battery Expansion

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India’s Ola Electric has announced plans to invest $208.5 million into its electric vehicle and battery cell businesses as it pushes to cut costs and move closer to profitability. The company aims to strengthen local manufacturing, increase automation, and expand in-house battery cell production while facing growing competition in the EV market. The SoftBank-backed company Continue Reading
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Ola Electric S1 X+ Scooter Gets ICAT Approval for Mass Market Launch

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Ola Electric has received approval from the International Centre for Automotive Technology (ICAT), a government-certified testing agency under CMVR, for its mass-market electric scooter S1 X+ (5.2 kWh). The certification marks a key step toward scaling production and introducing the model to a wider consumer base in India’s EV market. The S1 X+ is equipped […]Continue Reading
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Ola Electric Clarifies Fundraising Reports Amid Share Movement

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Ola Electric Mobility Ltd on Tuesday addressed reports about a potential ₹2,000 crore fundraising plan, stating that it routinely evaluates funding and investment opportunities as part of its normal business operations. The company emphasized that any significant development will be disclosed in line with regulatory requirements. The clarification came after stock Continue Reading
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Ola Electric’s Roadster X+ Becomes First EV Motorcycle Certified With Indigenous 4680 Bharat Cell

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Ola Electric on Tuesday announced that its flagship electric motorcycle, the Roadster X+, has received government certification powered by the company’s in-house developed 4680 Bharat Cell battery pack. In an exchange filing, the company said deliveries of the Roadster X+ (9.1 kWh) will begin soon after its approval under the Central Motor Vehicle Rules (CMVR), […]Continue Reading
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Ola Electric Rejects Battery Tech Theft Claims, Blames ‘Nervous’ Foreign Rival

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Ola Electric has strongly dismissed accusations of stealing battery technology from a former LG Energy Solution executive, calling the claims “misleading and completely baseless.” The company asserted that the allegations are a targeted attack by a foreign competitor concerned about India’s growing strength in electric vehicle manufacturing and innovation. According to Continue Reading
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Ola Electric Narrows Q2 Loss as Automotive Unit Turns Profitable for the First Time

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Bengaluru, India – Ola Electric (OLAE.NS) reported a narrower consolidated loss for the second quarter, driven by its core automotive business turning profitable for the first time. The electric two-wheeler maker posted a net loss of ₹4.18 billion ($47.56 million) for the quarter ended September 30, compared to ₹4.95 billion a year earlier. The company’s […]Continue Reading

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