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Net Loss of Ola Electric Mobility reported to Rs 336.00 crore in the quarter ended June 2026 as against net loss of Rs 428.00 crore during the previous quarter ended June 2025. Sales declined 45.05% to Rs 455.00 crore in the quarter ended June 2026 as against Rs 828.00 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales455.00828.00 -45 OPM %-36.26-28.62 - PBDT-209.00-263.00 21 PBT-336.00-428.00 21 NP-336.00-428.00 21 Powered by Capital Market - Live News

Ola Electric Mobility will hold a meeting of the Board of Directors of the Company on 7 August 2026.

Ola Electric today announced it is opening its sales and service network to dealer partners across India. This marks a structural shift in the company`s go-to-market approach, five years after it launched its first electric scooters. Ola Electric built its early growth through company owned stores, using them to build EV awareness, establish the brand, and create India`s largest EV two-wheeler customer base of over 1 million riders. As the EV industry has matured and consumer acceptance has grown, the company is now evolving this model. Over the coming months, company stores will transition to focus on brand and product experience, while dealer partners will become the backbone of local sales, service and scale across the country. The move follows a month of on ground engagement with dealers nationwide. Ola Electric said the response has been strong, with dealers expressing confidence that the company`s product portfolio, combined with their local market execution, can meaningfully accelerate both Ola`s sales and EV adoption in India more broadly.

Ola Electric Mobility today announced that it has signed a Memorandum of Understanding (MoU) with Axis Energy outlining the potential deployment of up to 20 GWh of battery energy storage systems by 2032. The MoU is the first large-scale partnership for Ola Mahashakti, Ola`s forthcoming energy storage platform for commercial, industrial and utility-scale applications, scheduled to launch on 15 August. The partnership is an early demonstration of the scale of demand Mahashakti can address. It establishes utility-scale BESS as a significant new growth avenue for Ola. Axis Energy is building one of India`s largest pipelines of storage-backed renewable projects. The company has secured grid approvals for over 3,750 MW Projects in Andhra Pradesh and Rajasthan and has a strong pipeline of ~3500 MW. These projects, spanning Firm and Dispatchable Renewable Energy (FDRE), hybrid, and other non-solar configurations, will require large-scale BESS to improve renewable energy integration, enhance grid reliability, and deliver firm, round-the-clock clean energy. India`s energy transition will require storage deployment at an unprecedented scale. The Central Electricity Authority (CEA) estimates that India will require 400+ GWh by 2032. Mahashakti addresses this opportunity with a first-of-its-kind India-designed and India-manufactured BESS platform spanning renewable-energy integration, industrial power, grid infrastructure and data-centre applications. Ola`s proposition is built on vertical integration, from cell technology to manufacturing and system engineering. This is designed to give customers greater control over safety and performance, stronger supply-chain security and a lower total cost of ownership over the system`s operating life.

Ola Electric today announced that it registered 43,719 vehicles in Q1 FY27, nearly doubling from 22,252 vehicles in Q4 FY26, according to VAHAN data. The quarter concluded with 16,144 registrations in June 2026, reflecting sustained business momentum and the company`s strongest monthly performance in recent quarters. The strong sequential growth demonstrates continued improvement in retail execution, customer demand and product availability, building on the operational initiatives undertaken over the last few quarters. June`s performance further reinforces the positive trajectory seen through the quarter, as the company continues to strengthen its position in India`s fast-growing electric two-wheeler market.