Ola Electric posts Rs 200 crore loss in FY21 - Economic Times

Ola Electric clocked operational revenue of just Rs 86 lakh as it didnt sell a single product during this period. Its biggest expense was employee benefits, which made up close to 70% of total expenses.

Bengaluru: Ola Electrics losses in the financial year ended March 2021 touched nearly Rs 200 crore, regulatory filings accessed by ET showed, a period in which the mobility company pivoted from build… [+1897 chars]

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