Ola Electric posted a net loss of ₹347 crore in Q1 FY25, compared to ₹267 crore in the same period a year ago. Meanwhile, its revenue rose 32% year-over-year to ₹1,644 crore. The company said it's closer to breakeven with an EBITDA margin of 1.97% for the quarter. Shares of Ola Electric ended 2.3% higher on Wednesday.