Ola Electric’s Missing Pieces

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Ola Electric is going through the toughest period in its seven-year lifetime. That’s no exaggeration as even the most ardent supporter of the Indian EV maker is starting to see how steep the uphill climb is.

Following its showdown with regulators and various government authorities in recent months, and allegations of sales inflation, Ola Electric saw its revenue slump 62% YoY to INR 611 Cr in Q4, which was also a 42% decline quarter-on-quarter (QoQ).

This tepid showing has once again piled the pressure on Bhavish Aggarwal. In a post-earnings…



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Ola Electric’s Missing Pieces


Ola Electric is going through the toughest period in its seven-year lifetime. That’s no exaggeration as even the most ardent supporter of the Indian EV maker is starting to see how steep the uphill climb is.

Following its showdown with regulators and various government authorities in recent months, and allegations of sales inflation, Ola Electric saw its revenue slump 62% YoY to INR 611 Cr in Q4, which was also a 42% decline quarter-on-quarter (QoQ).

This tepid showing has once again piled the pressure on Bhavish Aggarwal. In a post-earnings…



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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