Ola Electric Mobility Limited — Board Meeting, 14-07-2025: Outcome of Board Meeting

Ola Electric has announced a board meeting where it approved the consolidated financial results for the quarter ended June 30, 2025. The company reported a revenue of INR 828 Cr and a net loss of INR 428 Cr for the quarter. To strengthen its financial position and support future growth, the board has approved plans to raise up to INR 1,700 Cr through non-convertible debentures and other debt securities. The company also confirmed it has utilized INR 2,681 Cr of its IPO proceeds, with INR 2,594 Cr remaining. Operational segments are now reported as Automotive and Cell.