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Ola Electric halves Q4 loss to Rs 500 Cr, posts first positive operating cash flow
Ola Electric halved its Q4 net loss to Rs 500 crore and posted first-ever positive operating cash flow of Rs 91 crore, aided by PLI inflows; revenue continues sliding and a QIP is planned. Parle Melody went out of stock on Blinkit/Instamart after PM gifted it.
Reported figures
From the report. Source details below
- 42.5% YoY loss reduction
- $100M Series C (Primer)
The source
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