Ola Electric�s FY22 Revenue Soars to New Heights, But Losses Cast a Shadow

Ceo Vine21 Sep, 2023News

Ola Electric, the brainchild of Bhavish Aggarwal, has announced a remarkable leap in its consolidated revenue for the fiscal year 2022. However, this achievement has been counterbalanced by a significant surge in losses, painting a complex picture of the company?s performance.On August 10, Ola Electric disclosed its consolidated revenue from operations for FY22, reporting an astonishing jump of nearly 400 times compared to the previous year. The revenue catapulted from a mere Rs 0.86 crore in the previous fiscal year to a staggering Rs 373 crore, a feat attributed to the commencement of the sale of its two-wheeler models in December 2021.

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