Ola Electric Revenue From Ops Falls Below Rival Ather's

Ola reported ₹611 cr revenue in Q4, for the first time trailing Ather, which recorded ₹676 cr

- Ayaan Kartik & Shouvik Das

Ola Electric Mobility Ltd's revenue from operations crashed 41.5% sequentially to ₹611 crore in the January-March quarter, falling behind its smaller rival Ather Energy Ltd for the first time since the Bhavish Aggarwal-led startup sparked off the electric vehicle wave in the country eight years ago.

Ola Electric's other income totaled ₹117 crore in January-March, which helped the company end with ₹728 crore revenue in the final quarter of FY25. Ather, which went public earlier this year, had ₹11.7 crore in other income and ₹676.1 crore in revenue from operations in the quarter ended March 2025.

However, Ola's founder and chief executive Bhavish Aggarwal attributed the decline in revenue to two "one-time" causes—first, an issue with Ola Electric's buyer registration and delivery process, and secondly, an allocation of ₹250 crore to cater to warranty and repair claims made on the firm's early generation electric two-wheelers.

Net loss widened to ₹2,276 crore for FY25, driven by slow realization of revenue, long wait periods for product deliveries and warranty costs.

Revenue for FY25 dropped 9.9% to ₹4,514 crore, led largely by Ola Electric's March quarter revenue dropping by a whopping 41.5%.