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IPO-bound Ola Electric records $136M loss on $335M revenue in FY23: Report

IndianStartupNews

IndianStartupNews · 1y

IPO-bound Ola Electric records $136M loss on $335M revenue in FY23: Report

Ola Electric, an electric vehicle (EV) giant, reported a loss of $136 million on a revenue of $335 million in FY23. Despite the loss, the company's revenue figures indicate substantial growth in its EV operations. The financial results highlight Ola Electric's investments in expanding its business and infrastructure to contribute to the adoption of electric mobility in India.

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