Latest news with #MoveOS+
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Business Standard
14-07-2025
- Automotive
- Business Standard
Ola Electric Mobility Q1 results: Loss widens 23%, revenue falls 50%
Ola Electric Mobility posted a deeper net loss for the quarter ended 30 June, as the electric scooter maker contended with a sharp drop in revenue. The company reported a consolidated loss of ₹428 crore, widening by 23 per cent from ₹347 crore in the same period a year earlier. Revenue from operations slumped nearly 50 per cent to ₹828 crore, down from ₹1,644 crore a year ago. The steep decline in sales was partially offset by cost-cutting measures, with total expenses falling 42 per cent year-over-year to ₹1,065 crore. The results highlight the challenges facing India's electric vehicle sector, as it grapples with softening demand and heightened competition, even as firms push to scale production and capture market share. Ola's market share is slipping amid rising competition from incumbents like Bajaj Auto and TVS. While losses widened year-over-year, the company's net loss declined by more than 50 per cent on a quarterly basis. During the quarter under review, the company also reported a positive EBITDA. 'The company's auto business turned EBITDA positive in June, on the back of strong gross margins owing to the company's vertical integration strategy,' said the company in a statement. Ola Electric delivered a total of 68,192 vehicles in Q1 FY26, compared to 51,375 units delivered in Q4 FY25, marking an increase of 32.7 per cent quarter-on-quarter (QoQ). The auto segment EBITDA improved sharply to -11.6 per cent, compared to -90.6 per cent in Q4 FY25, with June marking the first EBITDA-positive month for the auto business. The consolidated EBITDA also saw a substantial recovery to -28.6 per cent from the previous quarter. The company's cost optimisation initiative, Project Lakshya, has driven significant operating efficiencies, reducing monthly auto operating expenses from ₹178 crore to ₹105 crore. Consolidated operating expenses now stand at ₹150 crore per month, with further reductions targeted to approximately ₹130 crore per month through FY26. Operating cash flow for the auto business was nearly neutral in Q1, and free cash flow improved to -₹107 crore, a significant improvement from -₹455 crore in Q4. Ola Electric's product roadmap continues to yield strong customer traction. The newly introduced Gen 3 scooters accounted for 80 per cent of total scooter sales during the quarter. These scooters have not only delivered better margins but have also significantly reduced warranty claims, reflecting the company's ongoing engineering improvements. Meanwhile, the rollout of Ola Electric's Roadster X motorcycles is progressing in phases, with the product now available in 200 stores across India and set to scale further during the upcoming festive season. On the software front, MoveOS+ adoption surged to nearly 50 per cent in new customers (up from 2 per cent in Q4). One of Ola Electric's most significant technological advancements is the in-house production of its 4680 Bharat Cell, which will begin powering vehicles starting this Navratri. The company expects that by the end of FY26, it will fully utilise the 1.4 GWh capacity, and install the remaining capacity to reach 5 GWh, scaling consumption to 5 GWh through FY27. The company has also successfully developed Heavy Rare Earths (HRE)-free motors, which are scheduled for production deployment in Q3 FY26. These initiatives, enabled by the company's deep investment in vertical integration and R&D, are designed to reduce costs and enhance performance.
Time of India
14-07-2025
- Automotive
- Time of India
Ola Electric delivers 68,192 scooters in Q1 FY26; auto segment turns EBITDA positive in June
Ola Electric reported a steady performance for the April–June quarter (Q1 FY26), delivering 68,192 electric scooters and posting ₹828 crore in revenue from operations. The company said its auto segment turned EBITDA positive for the month of June, driven by improved gross margins and operational efficiency. The company's consolidated EBITDA loss narrowed to ₹237 crore in Q1 FY26, a marked improvement from ₹695 crore in the previous quarter. Nearly 80 per cent of Ola's deliveries in Q1 came from its third-generation (Gen 3) electric scooters, which offer better performance and build quality. The Gen 3 line contributed to a 25.6 per cent gross margin in the auto segment—the highest to date. The company has also seen strong initial demand for its newly launched Roadster electric bike , which began deliveries in May 2025. Operating Cashflow Nearing Break-Even In a letter to shareholders, Ola Electric noted that its auto segment nearly achieved break-even on operating cash flow in Q1. Free cash outflow (FCF) for the auto business reduced to ₹107 crore from ₹455 crore in the previous quarter. Consolidated FCF also improved to ₹282 crore negative, down from ₹625 crore. Ola began charging customers for premium software features bundled under MoveOS+ during the quarter, with a 50 per cent attachment rate. Gen 3 scooters have also demonstrated lower fault rates, leading to reduced warranty claims and costs—a critical factor in boosting profitability. The company's strategic pivot toward integrated technology, cost control, and in-house manufacturing appears to be paying off as it eyes profitability in the coming quarters.
Hindustan Times
07-06-2025
- Automotive
- Hindustan Times
Ola Roadster electric motorcycle gets benefits worth ₹10,000
₹10,000 data-item-target-url=/auto/electric-vehicles/ data-item-story-segment=N/A> The Roadster X is the first electric motorcycle made by Ola Electric. Check Offers Ola Electric has announced that they are offering benefits worth ₹ 10,000 with its Roadster electric motorcycle. The company is offering a free extended warranty for the battery pack, free MoveOS+ and free service of essential care. It is important to note that this offer is applicable only to the first 5,000 customers. 'Essential Care' Package for Ola Roadster X Ola's 'Essential Care' service package, which includes an 18-point inspection covering vital components to ensure the motorcycle's safety and peak performance. This servicing initiative focuses on key areas such as brakes, tyres, axle, and more. In addition, it guarantees the use of genuine parts and is backed by the expertise of certified professionals. Ola Roadster X: Features The Roadster X is equipped with a 4.3-inch LCD instrument display as standard across all variants. This screen provides crucial features such as Bluetooth connectivity, turn-by-turn navigation, reverse mode, and cruise control—features that elevate the daily riding experience. In terms of safety and technology, Ola has also included brake-by-wire technology and a tire pressure monitoring system (TPMS) in every model. Ola Roadster X: Hardware Underneath its sleek body, the Roadster X employs a telescopic front fork and dual rear shock absorbers for a balanced ride. It rides on an 18-inch alloy wheel at the front and a 17-inch wheel at the rear, both fitted with tubeless tires. The ground clearance is of 180 mm. Also Read : Ola Electric working on six new electric two-wheelers, launch in post-Q2 FY26 Variant-Wise Breakdown: Power and Pricing Ola offers the Roadster X in three battery-powered variants, all supported by the same 7 kW mid-mounted motor: Base Variant (2.5 kWh Battery) Priced at ₹ 74,999 (introductory, ex-showroom), the base model provides a range of 140 km per charge. It can accelerate from 0 to 40 km/h in 3.4 seconds and reaches a top speed of 105 km/h—ideal for city commutes. Mid-Variant (3.5 kWh Battery) Starting at ₹ 84,999, this version delivers an extended range of 196 km. It improves on performance with 0-40 km/h acceleration in just 3.1 seconds and a higher top speed of 118 km/h. Top Variant (4.5 kWh Battery) The premium model is priced at ₹ 94,999 and offers a segment-leading range of 252 km. It matches the mid-variant in acceleration and top speed, achieving 0-40 km/h in 3.1 seconds and topping out at 118 km/h. Check out Upcoming EV Bikes in India. First Published Date: 07 Jun 2025, 08:00 AM IST
Hans India
07-06-2025
- Automotive
- Hans India
Ola Electric commences deliveries of the Roadster X in Godavari
Ola Electric, India's largest pure-play EV company, today announced the commencement of deliveries of its Roadster X portfolio of motorcycles in Godavari. The company also announced offers worth ₹10,000 for the first 5,000 customers who will get Extended Warranty, MoveOS+, and Essential Care free as part of its Ride the Future campaign. The Roadster X Series comes with a mid-drive motor that boosts performance and safety. The powertrain of the Roadster series also features a chain drive and an integrated MCU for efficient torque transfer, providing superior acceleration, and improved range. The Roadster X series also features flat cables in the motorcycles—an industry-first innovation. These cables improve packaging efficiency, reduce weight, and enhance thermal performance, improving overall durability and reliability. Bhavish Aggarwal, Chairman and MD, Ola Electric said, "Scooters were just the beginning. The Roadster X is a bold leap marking our entry into the motorcycling segment. The Roadster X is designed, engineered, and built in India, for a generation that wants to ride the bike of the future. With deliveries starting today, the Roadster X would unlock the true potential of EVs in 2W category, accelerating EV adoption and penetration to #EndICEAge.' The Roadster X series offers a breakthrough in motorcycle technology and comes with first-in-segment patented brake-by-wire technology with single ABS, and smart MoveOS 5 features such as advanced regeneration, cruise control, and reverse mode. The battery system of the Roadster X series gets an IP67 waterproof and dust-proof certification, advanced wire bonding technology, and a serviceable Battery Management System (BMS) enabling easy maintenance. The prices of the Roadster X series start at ₹99,999, ₹1,09,999 and ₹1,24,999 for the Roadster X 2.5kWh, 3.5kWh, and 4.5 kWh, respectively. Roadster X+ 4.5kWh is priced at ₹1,29,999, while the Roadster X+ 9.1kWh (with 4680 Bharat Cell) that offers an unrivalled range of 501 km/charge, is priced at ₹1,99,999.
Hindustan Times
31-05-2025
- Automotive
- Hindustan Times
Ola Roadster X offered with benefits worth ₹10,000 for the first 5,000 buyers
The Ola Roadster X is an electric motorbike recently launched in India. Check Offers Soon after starting the deliveries of the recently launched Ola Roadster X, the EV manufacturer has announced introductory benefits worth ₹ 10,000 on the electric two-wheeler. These offers however are limited, only available to the first 5,000 riders. Ola is offering three benefits under the offer including a free extended warranty for the battery, a free subscription to MoveOS+ and a free 'Essential Care' service with the two-wheeler. The 'Essential Care' service includes an 18-point inspection in which thorough checks for safety and performance will be made. It also includes comprehensive servicing coverage for brakes, tyres, axle and more as well as the guarantee of genuine parts and professional care. The Roadster X is being manufactured at Ola Electric's FutureFactory and potential customers can experience the electric motorcycle firsthand at their nearest authorised dealerships. Also Read : Ultraviolette Tesseract grabbed your attention? Consider Ola S1 Pro, Ather 450, Vida V2 Pro and River Indie too What are the features of the Ola Roadster X? Every version of the Ola Roadster X comes with a 4.3-inch LCD instrument panel offering features such as Bluetooth connectivity, turn-by-turn navigation, reverse mode, and cruise control. Additionally, all versions are equipped with brake-by-wire technology and a tire pressure monitoring system. What is the hardware of the Ola Roadster X? The Ola Roadster X is designed with a telescopic front fork and dual shock absorbers at the rear. It has an 18-inch front alloy wheel and a 17-inch rear alloy wheel, both featuring tubeless tires. The motorcycle boasts a ground clearance of 180 mm. What are the variants of the Ola Roadster X? The Ola Roadster X is offered in three distinct variants, each linked to different battery pack options. The available battery configurations for the Roadster X are 2.5 kWh, 3.5 kWh, and 4.5 kWh. Regardless of the chosen battery size, all variants utilize the same 7 kW mid-mounted motor. Also Read : Ola Electric working on six new electric two-wheelers, launch in post-Q2 FY26 What does the base variant of the Ola Roadster X offer? The base model of the Ola Roadster X is equipped with a 2.5 kWh battery pack, making it the most affordable option in the lineup, priced at ₹ 74,999 (introductory and ex-showroom). This variant provides a range of 140 kilometres on a full charge and can accelerate from 0 to 40 km/h in 3.4 seconds, reaching a top speed of 105 km/h. What does the mid-spec variant of the Ola Roadster X offer? The mid-range model features a 3.5 kWh battery pack and starts at an introductory ex-showroom price of ₹ 84,999. It offers an increased range of 196 kilometres on a full charge, surpassing the base model. With this upgraded battery, the motorcycle can accelerate from 0 to 40 km/h in just 3.1 seconds and attain a maximum speed of 118 km/h. What does the top-spec variant of the Ola Roadster X offer? The premium variant of the Ola Roadster X has a 4.5 kWh battery pack and is priced at ₹ 94,999 (introductory and ex-showroom). This model stands out with its highest battery capacity, providing a range of 252 kilometres on a single charge. It can also accelerate from 0 to 40 km/h in just 3.1 seconds and reach a maximum speed of 118 km/h, similar to that of the mid-range variant. Check out Upcoming EV Bikes in India. First Published Date: 31 May 2025, 11:00 AM IST
