Ola Electric Mobility Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Ola Electric has announced a board meeting on May 29, 2025, approving the consolidated financial results for Q4 and FY25. The company posted a consolidated loss of INR 2,276 Cr for FY25, wider than last year’s INR 1,584 Cr, impacted by ongoing operating losses and slower revenue growth. Revenue from operations was INR 5,010 Cr. Operating cash flow remained negative at INR 2,391 Cr. Ola Electric raised INR 200 Cr via non-convertible debentures with plans to raise up to INR 1,700 Cr more. IPO funds of INR 5,275 Cr are largely untouched and parked in fixed deposits. Management remains confident in sustaining operations with available cash and credit.