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Ola Electric Reports Total Revenue Of Rs 2,782 Crore In FY23

The total revenue of Ola Electric Mobility Business stood at Rs 456 crore in FY22, it said in a statement.

<div class="paragraphs"><p>Ola Electric scooters. (Source: Company website)</p></div>
Ola Electric scooters. (Source: Company website)

Ola Electric on Monday said its total revenue grew over six-fold year on year to Rs 2,782 crore in FY23.

The total revenue of Ola Electric Mobility Business stood at Rs 456 crore in FY22, it said in a statement.

The company said it has set in motion a number of initiatives like new product introductions, sales and service network expansion and strengthening of R&D function for growth and profitability.

Ola currently sells S1 Pro (2nd Generation), S1 Air and S1 X in three variants.