Ola

Ola Consumer turns cash flow positive as rivals burn ₹100 cr a month

Ola Consumer has turned free cash-flow positive and achieved profitability, widening the gap with rivals that continue to spend heavily to gain market share in India's fiercely competitive ride-hailing sector, according to company disclosures, industry estimates and people familiar with the matter. The company reported operating revenue of about Rs 1,171 crore in FY25, ahead of Rapido's Rs 934 crore. Industry estimates suggest the gap is even wider on a net revenue basis -- after accounting for customer discounts and driver incentives -- with Ola estimated to have generated Rs 250-300 crore in net revenue during the latest quarter, compared with around Rs 40-45 crore for Rapido and Rs 35-40 crore for Uber, according to people familiar with the developments. The performance reflects Ola's shift over the past two years towards a profitability-focused strategy, prioritising monetisation and cost efficiencies over aggressive discount-led growth. "Short-term growth driven by discounts an

Ola Electric raises ₹780 crore through qualified institutional placement

EV maker exceeded its initial Rs 500 crore target; proceeds will fund debt repayment, growth initiatives and general corporate purposes

Vanguard marks down Ola Consumer valuation to about $70 million

The asset manager's latest valuation implies a nearly 99 per cent decline from the level at which it first invested in the ride-hailing company in 2015

Ola Electric reports 23% jump in May registrations on strong demand

Ola Electric's registrations rose to 15,139 units in May, from 12,323 units in April, a 23 per cent month-on-month increase, according to VAHAN data. The company's performance stood out in a month when the broader electric two-wheeler industry volumes grew by 15 per cent month-on-month, Ola Electric said in a statement. This is a third consecutive month of robust sales recovery, which comes on the back of a front-end retail rejig and better operational execution, as Ola's two-wheeler EV portfolio bounces back amid petrol price increases, marking a broader market shift to electric vehicles, it added. "Ola Electric has delivered its third consecutive month of growth, with May registrations rising 23 per cent month-on-month and significantly outpacing industry growth," said an Ola Electric spokesperson. The strong demand environment, coupled with increasing traction for its Roadster portfolio, has helped us maintain the growth momentum, he said, adding that "We remain focused on ...

Ola Electric secures regulatory approval for commercial e-scooter launch

Ola Electric has secured regulatory approval for a new electric scooter aimed at India's commercial mobility market, according to a government certification document, signalling the company may be preparing to enter the fast-growing commercial EV two-wheeler segment as early as this quarter. The homologation, granted by the Automotive Research Association of India (ARAI) in February 2026 under the Central Motor Vehicle Rules (CMVR), covers an L1-category electric scooter powered by a 4-kilowatt motor with a top speed of about 70 kilometres per hour. The vehicle appears to be based on Ola Electric's existing S1 platform but configured for commercial use cases such as food delivery, quick-commerce logistics and urban fleet operations, according to people familiar with the plan. Industry sources said homologation is typically among the final regulatory steps before a product launch, indicating the vehicle could be nearing commercial rollout. The scooter's configuration suggests a focu

Ola Electric eyes sharp Q1 rebound as registrations cross Q4 levels

Ola Electric is on track to nearly double quarterly volumes in the June quarter, with registrations in the first quarter of FY27 already surpassing the company's entire Q4 FY26 tally on the VAHAN vehicle registration portal, signalling a sharp recovery in demand after a weak March quarter. According to VAHAN data, Ola Electric has recorded about 22,600 registrations so far in Q1 FY27, exceeding the 22,221 units registered in Q4 FY26 with around 40 days still remaining in the quarter. The rebound follows what the company previously described as a low-volume quarter marked by an operational reset and service stabilisation efforts. Ola Electric has guided for 40,000-45,000 orders and consolidated revenue of Rs 500 crore to Rs 550 crore in Q1 FY27, implying a near doubling from Q4 levels if current registration trends continue through June. Founder and chairman Bhavish Aggarwal said during the company's post-results call that registrations had risen from around 10,000 units in March to

Ola Electric Q4 FY26 loss narrows 43% to ₹500 crore; revenue falls 57%

The company posted a net loss of 5 billion ​rupees ($51.65 million) in the January-March ‌quarter, ​compared to ‌a loss of 8.7 ‌billion rupees a ‌year earlier

Riding the Bharat wave: Govt-backed taxi app bets on cooperative muscle

In a written reply to Parliament, Union Minister for Home and Cooperation Amit Shah said that Bharat Taxi is facing early challenges, including competition from existing players

Krutrim reports first profit, triples revenue as it pivots to AI cloud

Startup founded by Bhavish Aggarwal triples revenue to ₹300 crore, shifts capital from chip ambitions to infrastructure-led services

Ola, Uber, Rapido drivers protest in Delhi-NCR, demand safety measures

Drivers of Ola, Uber, and Rapido staged protests in Delhi-NCR, demanding stronger safety measures, passenger verification, and improved working conditions

Ola Electric plans stake sale to raise up to ₹2,000 crore for battery arm

Ola Electric has kicked off a plan to raise up to Rs 2,000 crore by selling a stake in its battery arm, Ola Cell Technologies (OCT), according to the sources. OCT owns the Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh of operational capacity and plans to scale to 6 GWh by the end of this financial year. Investment bank Avendus and Motilal Oswal are mandated to run the fundraising process, sources said. The development comes amid Ola Electric's efforts to restructure operations and shore up its balance sheet as it works towards its business turnaround. The stake dilution plans will also determine the market valuation of a crucial battery infrastructure asset that has not yet been ascertained, sources said, adding that the asset's unique nature has attracted inbound interest from financial investors, including some leading sovereign wealth funds. The gigafactory, with an upfront investment of Rs 3,500 crore, marks a significant step toward localising battery cel

UP to make registration mandatory for Ola, Uber, other ride-hailing apps

In view of the safety and convenience of passengers, the Uttar Pradesh government on Tuesday decided to make the state registration mandatory for app-based ride-hailing service providers like Ola and Uber. A decision in this regard was taken by the state Cabinet chaired by Chief Minister Yogi Adityanath. Speaking to reporters after the Cabinet meeting, state transport minister Dayashankar Singh said that Uttar Pradesh will adopt the rules under the Motor Vehicles Act, 1988, that were amended on July 1, 2025. Earlier, there was no regulatory control over Ola and Uber, but now they will also be required to register. They will have to submit applications and pay licence and renewal fees, he said. Until now, authorities could not verify who was driving the vehicles, but now, drivers will have to undergo medical examinations, police verification and fitness checks, the minister said. He further said that in Uttar Pradesh no vehicle will be allowed to operate without registration, fitne

Ola Electric plans to cut store count to 550 amid market share slump

Ola Electric reportedly plans to cut its store count to about 550 by March as sales slow, market share falls sharply and the company restructures operations to reduce costs

Ride hailing app services partially impacted as drivers go on strike

Ride-hailing apps such as Ola, Uber and Rapido were sporadically impacted on Saturday as drivers went on a partial strike across several cities in the country. Telangana Gig and Platform Workers Union (TGPWU) had called for a "breakdown" on February 7 to protest against existing rules and practices of app-based transportation platforms. It has demanded that the Centre and state governments should notify minimum base fare app-based transport services and bar the use of non-commercial vehicles for commercial passenger and goods transport. "We received one of the biggest responses to our call for breakdown today. We had planned to sit with heads and our leaders of 20 states to protest against the practices of app-based transport services firms and unexpectedly driver partners also turned up at Jantar Mantar," TGPWU founder state President Shaik Salauddin told PTI. He said the call was for a breakdown, which was meant to partially not accept bookings when there is peak demand. "We can

Bharat Taxi drives into competition lane with cooperative model

The government-backed cooperative ride-hailing service Bharat Taxi has launched in NCR and Gujarat, onboarding 2.5 lakh drivers with a zero-commission, no-surge model

EV maker Ola Electric to cut about 5% of workforce in restructuring

The Bhavish Aggarwal-led EV maker is pursuing a turnaround strategy focused on improving service delivery and increasing automation across front-end operations

Bike taxis set to make a comeback in Karnataka as High Court lifts ban

The Karnataka High Court lifted the state's ban on bike taxis, calling a blanket prohibition an unreasonable restraint on trade and paving the way for Uber, Rapido and Ola to resume operations

Karnataka HC lifts ban on bike taxis, directs state govt to issue permits

Bike taxi services can resume in Karnataka after the High Court set aside the state ban; the court said riders and aggregators must apply for licences and the government must issue permits as per law

Ola Electric announces expansion of 4680 Bharat Cell platform

Ola Electric on Wednesday announced the expansion of its 4680 Bharat Cell platform. As part of the initiative, businesses and startups can now directly purchase the 4680 Bharat Cells, or the 1.5kWh 4680 Bharat Cell battery pack for application across automotive, humanoids, drones, and portable medical equipment. With this announcement, the company will enable startups and businesses to innovate and scale rapidly with new energy storage solutions designed, engineered, and manufactured in India, the Bengaluru-based firm said in a statement. The company also announced that its residential Battery Energy Storage System (BESS) solution, Ola Shakti is now available for purchase with deliveries for 6kW/9.1kWh starting end of January 2026, and 3kW/5.2kWh starting mid-February 2026. Furthermore, the company said it has also begun deliveries of its flagship motorcycle, Roadster X+ 9.1kWh powered by the 4680 Bharat Cell, offering a range of up to 500 km on single charge. In addition to this,

Ola Electric's market share rises in December after service overhaul

Electric-scooter maker lifts monthly share to 9.3% as Hyperservice rollout helps it return to the top three players in several states