Is Energy Storage The Answer To Ola Electric’s Profitability Puzzle?

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SUMMARY

Ola Electric now intends to scale its capacity to 20 GWh by the second half of 2027 on the back of its new hero product – battery energy storage system

While the “EV + energy” combo has potential in the long term, the EV maker would need to make investments and market the new product, further putting strain on its bottom line

Ola Electric’s early years were about growth and EVs, but the tanking stock price has made it turn its focus to addressing quality issues and foraying into new segments to turn…



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Is Energy Storage The Answer To Ola Electric’s Profitability Puzzle?


SUMMARY

Ola Electric now intends to scale its capacity to 20 GWh by the second half of 2027 on the back of its new hero product – battery energy storage system

While the “EV + energy” combo has potential in the long term, the EV maker would need to make investments and market the new product, further putting strain on its bottom line

Ola Electric’s early years were about growth and EVs, but the tanking stock price has made it turn its focus to addressing quality issues and foraying into new segments to turn…



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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