Layoffs · Mobility & Logistics

Ola Electric cuts 5% workforce in restructuring

By Startup Enthusiast · 30 January 2026

What they do

Ola Electric makes electric scooters and motorcycles

It laid off 5% of its workforce as part of a business turnaround, focusing on its Hyperservice delivery service

This is the second restructuring in a year, after cutting over 1,000 jobs in March 2025

Ola Electric laid off 5% of its workforce, the second restructuring in a year.
The layoff is part of a business turnaround, with a focus on the Hyperservice delivery service.
Hyperservice aims for one-day resolution of service issues and now covers over 80% of service requests nationwide.
The company plans to increase automation across front-end operations and double down on speed and discipline.
The exact number of impacted employees was not shared.
In March 2025, Ola Electric cut more than 1,000 jobs to curtail losses.
Previous layoffs impacted procurement, fulfilment, customer relations, and charging infrastructure departments.
CFO Harish Abichandani stepped down citing personal reasons, replaced by Deepak Rastogi, an ex-Puravankara executive.

Ola Electric's Q2 net loss narrowed 15% YoY to INR 418 Cr.
Q2 operating revenue declined 43% YoY to INR 690 Cr.
Q2 automotive segment EBITDA turned positive at INR 2 Cr, compared to a loss of INR 162 Cr a year ago.
The company had over 3,000 employees as of August 2025 per EPFO data.
Share price ended the trading session 1.44% higher at INR 32.33 on BSE.

Ola Electric makes electric scooters and motorcycles.
Its scooter models include S1 Pro Sport, S1 Pro+, S1 X+, S1 Z, S1 Air, and S1 Gig.
Its motorcycle models include Roadster X, Roadster X+, Roadster, Roadster Pro, Shakti, Shakti Rack, and Mahashakti.
It also sells home batteries (4.6 kWh, 9.2 kWh) and MPPT solar charge controllers (3 kW, 6 kW).
Its batteries use LFP cells and the 4680 Bharat Cell.
It has 590 service centres and aims to make 1 lakh third-party mechanics EV-ready.
Service features include AI-powered proactive maintenance alerts and remote diagnostics.
It offers EMI options up to 60 months, with lowest interest rate 6.99%, ₹0 downpayment, and zero processing fee.
It has an upgrade program live across India and a community of over a million members.
It offers a same-day service guarantee.