Ola’s losses widen to Rs 1,522 crore in FY22; EV arm Ola Electric’s losses rise manifold

ANI Technologies which runs Ola has reported losses of Rs 1,522 crore on a consolidated basis for the year ended March 31, 2022, recording a 36% year-on-year rise in losses. The ride-hailing major had posted losses of Rs 1,116 crore in FY21, the company’s financials sourced from market intelligence platform Tofler showed.