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Economic Times

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Image Credit: Economic Times

Ather Energy betters Q4 results where Ola Electric falters

  • Ola Electric reported a significant decline in revenue and doubled losses for the quarter ended March, while Ather Energy showed improvement in financials with increased operating revenue and narrowed losses.
  • Ola Electric attributed its financial issues to a registration process problem, which has been resolved in the current quarter.
  • Ather Energy reported a 29% increase in operating revenue and a 17% reduction in losses for the same period.
  • While Ola Electric led in units sold for Q4, Ather Energy is focusing on developing its own line of electric motorcycles funded by a portion of its IPO proceeds.

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