# Ola Electric is struggling to revive its position after a sharp fall in market share, financial stress and operational challenges.

*business · news · 2026-04-12 · The Economic Times*

## Key points

- Ola Electric's net cash turned into a net debt of ₹670 crore by December 2025.
- Ola is attempting to raise up to ₹2,000 crore by selling a stake in its battery arm.
- Ola Electric began using in-house manufactured LFP-based cells in vehicles from next quarter.
- Key CXO positions at Ola Electric have been vacant for up to two years, impacting operations.
- Ola Electric's market cap is now just a third of its peak valuation, far below earlier ambitions.

**Companies:** Ola Electric
**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/industry/renewables/what-next-for-bhavish-aggarwal-the-ola-electric-founder-bets-on-energy-independence-to-revive-growth-can-he-turn-it-around/articleshow/130202152.cms)

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