Ola Electric’s net loss surges to Rs 1,472 crore in FY23 as expenses grow
Bhavish Aggarwal-driven Ola Electric’s net loss nearly doubled to Rs 1,472 crore in FY23, from Rs 784.1 crore in the previous fiscal year, as expenses surged significantly.
The IPO-bound electric vehicle company reported an EBITDA loss of Rs 1,318 crore as its total expenses jumped to Rs 3,383 crore, in comparison to Rs 1,240 crore in FY22.
