{"id":592456,"date":"2023-07-21T10:36:43","date_gmt":"2023-07-21T05:06:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=592456"},"modified":"2023-07-21T12:38:46","modified_gmt":"2023-07-21T07:08:46","slug":"ola-electric-targeting-1-5-billion-sales-this-year-pre-subsidy-cut-document-shows-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ola-electric-targeting-1-5-billion-sales-this-year-pre-subsidy-cut-document-shows-2\/","title":{"rendered":"Ola Electric targeting $1.5 billion sales this year, pre-subsidy cut document shows"},"content":{"rendered":"<p>Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter.<\/p>\n<p>The figures, however, pre-date surprise cuts by the federal government to e-scooter incentives in May.<\/p>\n<p>According to the document, which was prepared ahead of investor meetings for Ola&#8217;s planned IPO worth up to $700 million and was reviewed by Reuters, the company is also targeting $220 million in operating profit for the year to end-March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government to e-scooter incentives in May. According to the document, which was prepared ahead of investor meetings for Ola&#8217;s planned IPO worth up to $700 million and was reviewed by Reuters, the company is also targeting $220 million in operating profit for the year to end-March.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-592456","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/592456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=592456"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/592456\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=592456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=592456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=592456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}