Ola Electric clocks 500 crore in first 2 months of FY 22-23

June 30, 2022
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Ola Electric, India’s largest EV manufacturer has surpassed INR 500 crore revenue in its first two months of FY 22-23, while commanding 50% market share and boasting 50,000 plus customers.

The Bengaluru headquartered EV firm is eyeing USD 1 billion run rate by end of this year. Olas company commenting on the company achievements stated "our growth has been achieved on the back of strong consumer demand, scaling manufacturing and steady go to market. Selling direct to customer Ola has been able to take the EV revolution to all corners of India, making it the first ever EV scooter to be amongst India’s top 10 selling scooters."

Ola that has its manufacturing manufacturing at the Ola Futurefactory, Krishnagiri is producing close to 1000 units per day basis its strong order pipeline and plans to ramp it up further as demand goes up

The ride hailing cabs to electric scooter maker is on schedule to introduce its new model before the end of this year. Last week, Ola rolled out its much-awaited MoveOS 2 for all its customers at the Ola Futurefactory.  With this, over 50,000 Ola S1 Pro customers across the country will get an over-the-air (OTA) update making their scooter the most advanced and feature-rich 2W in the country.

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