Ola Electric, India's top e-scooter maker by market share, reported a narrower second-quarter loss on Friday helped by a jump in sales, and said the recent surge in service requests was largely for "minor issues.

In a shareholder letter, Ola Electric said that it delivered 98,619 scooters in the quarter, up 74% from the previous year.

Registering a slight relief, Ola Electric Mobility has registered a 5 per cent year-on-year (YoY) reduction in its net losses in the second quarter of the current financial year (Q2FY25). As per the company’s unaudited consolidated financial results,

Ola Electric, India's top e-scooter maker by market share, reported a narrower second-quarter loss on Friday, helped by a jump in sales. The Bengaluru-based company said its consolidated loss narrowed to 4.

The EV maker reported a net loss of Rs 495 crore in Q2 FY25 compared to Rs 524 crore in the year-ago period, days after its share price dropped below its debut price for the first time after listing.

Ola Electric Mobility saw a smaller loss in the recent quarter. Their revenue increased, helped by selling more electric scooters. They sold 98,619 sc

The Bengaluru-based company said its consolidated loss narrowed to Rs 495 crore ($58.7 million) in the July-September quarter from Rs 524 crore a year earlier

Ola Electric Mobility's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at a loss of ₹379 crore, which is narrower than the loss of ₹435 crore that it had reported in the year-ago quarter.

Ola Electric's fiscal second quarter narrowed, helped by a jump in sales and lower raw material costs. The Bengaluru-based company said its consolidated loss narrowed to Rs 495 crore in the July-September quarter from Rs 524 crore a year earlier.