Ola Electric's Revenue Surges By 35.5% QoQ; Auto Business Turns EBITDA Positive In June 2025

Ola Electric Mobility Limited has reported a significant increase in its revenue for the quarter ended 30th June 2025. The company's revenue from operations stood at 828 Cr, a 35.5% growth compared to the previous quarter. The company delivered 68,192 vehicles, marking a 32.7% increase Q-o-Q. The auto business turned EBITDA positive in June 2025, demonstrating strong financial discipline and execution. The company's cost optimization initiative, Project Lakshya, has driven significant operating efficiencies, reducing monthly auto opex from 2178 Cr to 105 Cr. The company expects to sell between 3,25,000 to 3,75,000 vehicles and generate revenue of %4200 - 4700 Cr in FY26. The company's in-house production of its 4680 Bharat Cell and Heavy Rare Earths (HRE) free Motors are expected to reduce cost, enhance performance, and improve supply chain resilience.