Ola Electric's losses touched Rs. 200 crore in FY21
Image Credit: economic times
In the financial year ended March 2021, Ola Electric's losses touched nearly Rs. 200 crore. It was around this time that the company switched from battery-as-a-service company to an electric scooter manufacturer. During FY21, the automaker did not sell any products and clocked operational revenue of only Rs. 86 lakh from battery swapping and subscriptions. The company is currently valued at $5 billion.