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Ola Electric Receives ₹95.8 Crore PLI Boost to Cut Cash Burn

Ola Electric Mobility logoOla Electric Mobility
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Ola Electric Mobility secured a ₹95.8 crore incentive under the government’s Production Linked Incentive scheme, adding liquidity as it seeks to reduce cash burn. The firm qualified for PLI for a second consecutive year after a ₹366.7 crore FY25 sanction. Despite higher deliveries and lower operating expenses, it reported negative operating cash flow of ₹215 crore in the June quarter and a ₹336 crore consolidated loss.

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