/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Ola Electric has a new story. Scooters that the company has failed to sell will miraculously fly off the shelves once independent dealers begin selling them. Also, Aggarwal is raising money once again.
Ola Electric’s Bhavish Aggarwal is spinning a new yarn in the hope of raising more money for his misadventures. The earnings call on Thursday for the July-September quarter of FY27 was almost as short as the electric two-wheeler maker’s financial runway without external funding. But one phrase that Aggarwal reiterated stood out: “Demand is no longer our constraint.” Simply put, Aggarwal claims that people are lining up to buy his electric scooters.
Nothing could be further from the truth. In the quarter ended 30 September, Ola Electric’s vehicle registrations fell 19.5% year-on-year to 41,653 units, and were down 5.3% sequentially, …
