Ola Electric warns its sales data may be inaccurate
By Abha Lohia ·
Ola Electric: revenue, valuation and funding and every story →
- Ola Electric builds electric scooters and motorcycles in India and is raising ₹1,000 crore through a rights issue
- Its offer document admits internal tracking tools have limits, so published operating numbers could be wrong
- This follows scrutiny of a February 2025 claim of 25,000 vehicles, which the firm later said meant order bookings
What happened
- Ola Electric admitted its internal systems have limits.
- Reported operating metrics could be inaccurate.
- The note sits in the Letter of Offer dated 7 October.
Why it matters
- A 25,000-unit claim was questioned against registration data.
- The firm says the figure meant bookings, not sales.
The business
- Ola Electric makes electric two-wheelers.
The founders
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