Ola Electric Mobility Ltd.’s blockbuster initial stock offering last year had investors clamoring to buy over four times the number of shares publicly available. Now, it’s struggling to find backers despite a new bet on home battery storage.Beset with shrinking market share, relentless cash burn and a nearly 53% plunge in share price this year, the SoftBank Group Corp.-backed electric scooter maker has been turned down by multiple financiers in recent months, said people familiar with the matter who did not ...

The electric two-wheeler manufacturer’s consolidated net loss narrowed to Rs 418 crore, compared to a loss of Rs 495 crore in the year-ago period. However, the company said its total revenue from operations for the second quarter of FY26 stood at Rs 690 crore, reflecting a 43% decline year-on-year compared to Rs 1,214 crore reported in the September 2024 quarter. Ola Electric said it achieved Auto Going forward, Ola said it expects its revenue mix to become more diversified and balanced over the coming qu ...