Ola Electric struggles with declining sales, revenue, and stock value, prompting a shift to home batteries amid financial strain and fierce competition.

Ola Electric is facing severe financial distress in 2025, with its stock down nearly 53%, revenue and sales dropping 43% and 47%, and market share falling to 11.5% from 30%. Despite attempts to raise 15 billion rupees in equity and 17 billion in debt, investor reluctance persists amid shrinking cash reserves, negative cash flow, and rising debt. Founder Bhavish Aggarwal is pivoting to home battery storage with the launch of Ola Shakti, aiming to generate revenue and improve margins, but analysts warn the strategy faces high costs and stiff competition. The company’s long-term viability depends on turning around its core e-scooter business and addressing ongoing challenges from rivals and regulatory scrutiny.