Ola Electric Mobility Limited — PPTs, 14-07-2025: Investor Presentation

**1. Financial Highlights:**

Ola Electric reports Q1 FY26 revenue of 828 Cr with a gross margin of 25.8%. The Auto segment achieved a significant milestone by turning EBITDA positive in June, leading to a Q1 Auto EBITDA margin of -11.6% and a consolidated EBITDA margin of -28.6%. The Auto business saw nearly neutral operating cash flow for the quarter. For FY26, the company targets 3,25,000-3,75,000 vehicle volumes and 4,200-4,700 Cr in revenue. Auto segment Gross Margin is projected to reach 35-40% (with PLI benefits) and EBITDA 5%+ by FY26 exit.

**2. Strategic Initiatives & Growth Drivers:**

The company has pivoted to a balanced, profitable growth strategy, evident in improved margins and cost controls from the "Lakshya" program. Vertical integration and in-house technology development (e.g., rare-earth-free motors, ABS) are key drivers for cost reduction and margin expansion. Production of in-house 4680 cells has begun, with vehicles featuring these cells launching this quarter. Future cell technologies (v2 4680 and LFP) are under development.

**3. Business Developments:**

Gen 3 scooters now comprise 80% of sales, indicating strong market acceptance. The Roadster rollout is rapidly expanding across stores. High-margin MoveOS+ software features are seeing strong customer adoption, with 50% uptake in Q1. The D2C network (Project Vistaar) is being optimized to streamline operations and inventory.

**4. Market Position & Competitive Advantage:**

Ola Electric highlights its competitive edge through deep vertical integration, in-house technology, and a direct-to-consumer network. Gen 3 products demonstrate the industry's lowest fault rates. The company is the only major EV 2W player with an ABS-equipped product, with an in-house ABS solution slated for early next year. The 4680 cell technology is noted for its superior energy density.

**5. Investor Implications:**

The significant turnaround in the Auto segment's profitability and improving cash flow profile presents a positive growth potential. Strategic investments in vertical integration and cutting-edge technology are enhancing competitive moats. The company is well-funded with a June-end cash balance of 3,197 Cr. Investors should monitor execution risk as the company scales its in-house cell production and navigates market competition.