Ola Electric

Ola Electric is seeking to raise up to ₹2,000 crore by selling a stake in its battery arm, Ola Electric===Ola Cell Technologies, to strengthen its balance sheet and fund expansion. This move is part of its broader strategy to restructure operations and achieve a business turnaround.

Ola Electric has reduced the price of its Roadster X+ 9.1 kWh electric motorcycle by ₹60,000, making its products more accessible and boosting demand. This move is enabled by cost efficiencies from scaling up its Gigafactory and 4680 Bharat Cell production. The company has seen a strong resurgence in business performance, with significant growth in registrations and daily orders.

Ola Electric is facing a consumer complaint regarding a faulty scooter and its CEO, Bhavish Aggarwal, has a bailable arrest warrant issued against him for non-appearance. This event could damage the company's brand reputation and consumer trust.

Ola Electric, a peer of Ather Energy, reported a narrower consolidated net loss for Q2 FY26, but its revenue from operations declined 43% year-on-year, indicating weaker sales performance. This provides a comparative context for Ather Energy's strong performance.