{"id":594436,"date":"2023-07-31T10:11:03","date_gmt":"2023-07-31T04:41:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=594436"},"modified":"2023-07-31T11:18:50","modified_gmt":"2023-07-31T05:48:50","slug":"ipo-bound-ola-electric-recorded-136-million-loss-in-fy23-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ipo-bound-ola-electric-recorded-136-million-loss-in-fy23-report\/","title":{"rendered":"IPO-bound Ola Electric recorded $136 million loss in FY23: Report"},"content":{"rendered":"<p>India&#8217;s largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. <\/p>\n<p>The 2022\/23 loss number of SoftBank-backed Ola Electric, which is preparing for an up to $700 million IPO, has not previously been reported or filed with Indian authorities, which allows time until September to file previous year&#8217;s earnings. <\/p>\n<p>Ola declined to comment. <\/p>\n<p>The e-scooter maker last year in June issued a statement saying it was &#8220;on track to surpass $1 billion run rate by end of this year&#8221; and &#8220;the future forecast looks even stronger.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022\/23 loss number of SoftBank-backed Ola Electric, which is preparing for an up to $700 million IPO, has not previously been reported or filed with Indian authorities, which allows time until September to file previous year&#8217;s earnings. Ola declined to comment. The e-scooter maker last year in June issued a statement saying it was &#8220;on track to surpass $1 billion run [&hellip;]<\/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":[135,130,232],"tags":[],"class_list":["post-594436","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594436","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=594436"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594436\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=594436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=594436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=594436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}