Bhavesh Aggarwal-led Ola Electric’s FY23 Net Loss 2X

Bhavish Aggarwal-led Ola Electric’s net loss almost doubled to INR 1,472 Cr in the financial year ended March 2023 (FY23) from Rs INR 784.1 Cr in the previous fiscal year on the back of the company’s rising expenses. The startup reported an EBITDA loss of INR 1,318 Cr in FY23.