Ola Electric Mobility Limited — Updates, 14-07-2025: Press Release

Ola Electric's Q1 FY26 revenue surged 35.5% QoQ to ₹828 Cr, delivering 68,192 vehicles (+32.7% QoQ). The auto business achieved EBITDA positive status in June, driven by improved gross margins from 13.8% to 25.6%. Cost optimization reduced auto opex significantly, and Free Cash Flow improved to -₹107 Cr. The company plans to launch products with in-house 4680 Bharat cells in Q2 FY26 and Heavy Rare Earths (HRE) free motors in Q3 FY26, leveraging vertical integration. FY26 outlook projects ₹4200-4700 Cr revenue with full-year auto EBITDA above 5%.