Ola Electric Mobility Limited — Board Meeting, 15-07-2025: Outcome of Board Meeting

Ola Electric Mobility has announced a board meeting on July 14, where it approved the consolidated financial results for the quarter ended June 30, 2025. The company reported revenue from operations of INR 828 Cr, with a net loss of INR 428 Cr for the quarter. To strengthen operations and meet obligations, the board greenlit raising up to INR 1,700 Cr via non-convertible debentures and other debt. Management remains confident in its ability to continue as a going concern, backed by existing cash, expected future cash flows, and access to credit.