Ola Electric’s Q1 FY26 revenue rose to ₹828 crore with 68,192 vehicle deliveries, a 32.7% Q-o-Q increase. Its auto business turned EBITDA positive in June, aided by vertical integration and Project Lakshya, which reduced monthly opex to ₹105 crore. Gen 3 scooters made up 80% of sales. The company begins 4680 Bharat Cell production this Navratri, eyes 5 GWh by FY27, and plans Q3 deployment of HRE-free motors.
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