Ola Electric Suffers Big Jolt, Loss Widens to more than Rs 564 Crore, It Hopes to Improve Performance

Ola Electric, one of the large electric two-wheeler companies, has increased net loss in the third quarter of the current financial year. The company’s net loss is about Rs 564 crore in the third quarter. The company’s net loss was about Rs 376 crore in the same period last year. In January this year, Ola Electric has re-secured the first place in the market of electric two-wheelers.

In the second quarter of the current financial year, the company had a net loss of about Rs 495 crore. In the third quarter, the company’s revenue declined by 19.36 percent to about Rs 1,045 crore. The company’s revenue was around Rs 1,296 crore in the same quarter of the previous year. In the December quarter, the company’s Ebitda Loss rose to about Rs 460 crore. It was about 301 crore rupees in the same quarter of the last financial year. Ola Electric has reported, “The company’s performance in October was strong due to festive sales. However, it has been weak in the entire quarter due to challenges on competition and service. We have solved the problems related to service and The network has increased. ”

Earlier this week, Ola Electric entered the electric motorcycle segment. The company has launched Roadster X and Roadster X+. The initial price of this motorcycle is Rs 74,999 (ex-showroom). Its delivery will be started in March. Roadster X has been brought to three variants – 2.5 kwh, 3.5 kwh and 4.5 kwh. The range of 2.5 khh variants of this electric motorcycle is about 140 kilometers, 3.5 kwh about 196 km and 4.5 kwh variants of about 252 km. Its 2.5 kwh variant can reach a speed of 0-40 km/h in only 3.4 seconds. The variants of its 3.5 kwh and 4.5 kwh can reach this speed in just 3.1 seconds.

The top speed of 2.5 kwh of Roadster X is 105 km/h, 3.5 kwh and 4.5 kwh variants of 118 km/h. The peak power output of this electric motorcycle is 9.38 HP. The 2.5 kwh battery variant of Roadster X is priced at Rs 74,999, Rs 84,999 of 3.5 kwh and Rs 95,999 of 4.5 kwh (ex-showroom).