Ola Electric founder and chief executive Bhavish Aggarwal said his company is preparing for a world without incentives and subsidies, as it aggressively pursues its growth plans and scales up investment.
In an interview to ET, Aggarwal said Ola’s electric two-wheeler business, which commenced commercial operations in 2021, is ebitda (earnings before interest, tax, depreciation and amortisation) positive. “We have scaled the fastest, and we have gotten to profitability the fastest,” he said.
