WrittenBy: Sam
Ola Electric's board approves raising ₹1700 crore to fund expansion plans, despite reporting growing losses in recent quarters.
December 2024 quarter saw 50% YoY loss increase to ₹564 crore. March 2025 results still awaited amid financial challenges.
Fresh funds will likely boost manufacturing, R&D and market expansion as Ola competes in India's booming EV sector.
Capital raise comes when EV adoption is accelerating, but Ola needs to address its widening losses quickly.
Ola battles Ather, TVS & Revolt in India's electric 2-wheeler space where demand outpaces charging infrastructure.
Despite strong sales, Ola Electric struggles with economies of scale - a key hurdle before IPO plans.
India's EV market could hit 10M annual sales by 2030 - Ola aims to lead this transition with fresh funding.