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A spokesperson for Ola Mobility said, “Our ride services business is growing rapidly. We are number one in this segment in the country. The coming era of mobility is electric. There are a lot of opportunities for expansion in the country. We have re-evaluated our priorities and have decided to shut down our ride services business in Australia, New Zealand and the UK.” Company ANI started business in these countries about six years ago. The consolidated net loss of ANI Technologies in the financial year 2023 was reduced to about Rs 772.25 crore. It was Rs 1,522.33 crore in the previous financial year.
In the financial year 2023, the consolidated revenue of the company grew by about 48 percent to Rs 2,481.35 crore. In the previous financial year, it was Rs 1,679.54 crore. Ola’s electric two-wheeler unit Ola Electric has sold more than 53,000 units in March. This is the highest monthly sales of the company. In the last financial year, Ola Electric’s sales grew by 115 percent to 3,28,785 units. In the previous financial year, it sold 1,52,741 units.
The company said that the electric two-wheeler segment grew by 30 percent in the last financial year. Ola Electric has the first position in this market. In the first quarter of this year, the company has registered a growth of 42 percent. In the last quarter, the company sold 1,19,310 units. Sales of electric two-wheelers have increased rapidly in the last few years. The company has planned to raise $662 million through Initial Public Offering (IPO). In this, along with issuing new shares, shares of existing investor SoftBank will also be sold. Ola Electric has set up a factory in Krishnagiri, Tamil Nadu for manufacturing lithium ion cells. About 25,000 people will get employment at the full capacity of this factory. The capacity of this factory will be 100 GWh.
(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)
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