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Ola Electric Q2 FY27 loss narrows to ₹362 crore
By Abha Lohia · Editor ·
Ola Electric: revenue, valuation and funding and every story →
Bengaluru
- Ola Electric makes electric two-wheelers and has faced heavy competition from Ather Energy, TVS, Bajaj and Hero
- Its July-September loss narrowed to ₹362 crore from ₹418 crore a year earlier, as costs fell 28 percent
- Revenue slid 39 percent to ₹421 crore as it sold 41,651 units against 51,775 a year before
What happened
- Quarterly loss was ₹362 crore.
- Revenue fell 39% to ₹421 crore.
- Expenses dropped 28.4%.
Why it matters
- Job cuts, lower warranty cost and tighter working capital helped.
- Gross margin was 29.93%, from 30.9%.
- Margin is expected to dip as dealer stores expand.
The business
- Ola Electric builds electric scooters.
The founders
In numbers
41,651Units sold · Q2 FY27
Up against
Ather EnergyTVS MotorBajaj AutoHero MotoCorp
The numbers around it
Ola Electric has 8 funding rounds in StopDown's archive.
| When | Round | Amount | Led by |
|---|---|---|---|
| 3 November 2026 | Rights issue | ₹600 Cr | SoftBank |
| 28 October 2026 | Rights issue | ₹1,000 Cr | |
| 22 October 2026 | Rights issue | ₹1,000 Cr | Motilal Oswal |
| 7 October 2026 | Rights issue | ₹1,000 Cr | |
| 28 September 2026 | rights issue | ₹1,000 Cr | |
| 3 September 2026 | public | Rs 1,500 crore | |
| 2 June 2026 | public | ₹780.24 crore | Goldman Sachs |
| 26 October 2023 | Round | ₹3,200 Cr | Temasek |
Mobility & Logistics in November 2026: 4 rounds with a disclosed amount, $91.0 million in all; the biggest was Ola Electric (₹600 Cr). Every sector this year →
Other articles talking about it
Terms in this story
- Financial year: An Indian financial year runs from 1 April to 31 March, and it is named after the year it ends. FY26 means April 2025 to March 2026. Startup results for a year arrive months after it closes, so a November 2026 story may still be about FY25.
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Everything on Ola Electric → · All startup news on 12 November 2026 →
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