{"id":622133,"date":"2023-12-12T10:50:57","date_gmt":"2023-12-12T05:20:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=622133"},"modified":"2023-12-12T12:14:52","modified_gmt":"2023-12-12T06:44:52","slug":"ola-electric-clocks-rs-2782-crore-revenue-in-fy2023-says-losses-reduced-to-43","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ola-electric-clocks-rs-2782-crore-revenue-in-fy2023-says-losses-reduced-to-43\/","title":{"rendered":"Ola Electric clocks Rs 2,782 crore revenue in FY2023, says losses reduced to 43%"},"content":{"rendered":"<p>Ola Electric Mobility Business has announced its financial results for FY2023, with revenue of Rs 2,782 crore, compared to Rs 456 crore the year before.<\/p>\n<p>The company says it has improved its financial performance with the EBITDA loss for FY2023 improving to 43 percent versus 157 percent a year ago. It says that it also set in motion initiatives for strong growth and profitability in near future which includes \u2013<\/p>\n<p>New product portfolio: Ola recently expanded its S1 portfolio to 5 scooters with its Generation  2 platform. The company currently sells S1 Pro (2nd Generation), S1 Air and S1 X in three variants \u2013 S1 X+, S1 X (3kWh), and S1 X (2kWh).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric Mobility Business has announced its financial results for FY2023, with revenue of Rs 2,782 crore, compared to Rs 456 crore the year before. The company says it has improved its financial performance with the EBITDA loss for FY2023 improving to 43 percent versus 157 percent a year ago. It says that it also set in motion initiatives for strong growth and profitability in near future which includes \u2013 New product portfolio: Ola recently expanded its S1 portfolio to 5 scooters with its Generation 2 platform. The company currently sells S1 Pro (2nd Generation), S1 Air and S1 X [&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":[130,240,138],"tags":[],"class_list":["post-622133","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622133","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=622133"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622133\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=622133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=622133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=622133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}