Can Ola Electric Stop The Drop?

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SUMMARY

Ola Electric stock price has fallen by over 30% since January 1, 2025, and a drop in sales momentum does not help matters

At an event before the Ola Electric IPO in August last year, the company’s founder and CEO Bhavish Aggarwal banked on one central theme to take the EV maker to profitability –  high sales volumes that will drive higher revenue and lower costs at scale.

So far, neither of these has come to fruition. The EV maker’s numbers for the December quarter make for bleak reading with losses growing…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Can Ola Electric Stop The Drop?


SUMMARY

Ola Electric stock price has fallen by over 30% since January 1, 2025, and a drop in sales momentum does not help matters

At an event before the Ola Electric IPO in August last year, the company’s founder and CEO Bhavish Aggarwal banked on one central theme to take the EV maker to profitability –  high sales volumes that will drive higher revenue and lower costs at scale.

So far, neither of these has come to fruition. The EV maker’s numbers for the December quarter make for bleak reading with losses growing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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