Bengaluru-based electric vehicle manufacturer Ola Electric aims to sell 325,000 to 375,000 units, which will translate to revenue of INR 42 billion to INR 47 billion in FY2026. It anticipates its auto business will achieve full-year EBITDA positive status, with gross margins expected to rise to 35-40 percent starting in the second quarter, buoyed by Production Linked Incentive (PLI) benefits.

The optimistic outlook follows a strong performance in Q1 of FY2026, where the company saw significant sequential growth and a key profitability milestone. It sold 68,192 two-wheelers, up 32.7 percent compared to 51,375 units sold in Q4 FY2025. The revenue came at INR 8.28 billion, up 35.5 percent over the previous quarter. Ola Electric claims its auto business achieved EBITDA positive status in June 2025, a significant turnaround from previous quarters. The auto segment's Q1 EBITDA improved sharply to -11.6 percent from -90.6 percent in Q4 FY25. Consolidated EBITDA also saw a substantial recovery to -28.6 percent.

Ola Electric's ‘Project Lakshya,’ a cost optimisation initiative, has driven considerable operational efficiencies. Monthly auto operational expenses have been reduced from INR 1.78 billion to INR 1.05 billion, with a target to further lower consolidated operational expenses to approximately INR 1.30 billion per month through FY26. This focus on efficiency has contributed to a notable improvement in free cash flow, which improved to negative INR 1.07 billion in Q1 from negative INR 4.55 billion in Q4 FY2025.

Product innovation continues to be a key driver, with the newly introduced Gen 3 scooters accounting for 80 percent of total scooter sales in the quarter. These models the company shared have not only improved margins but also led to a significant reduction in warranty claims. The rollout of Ola Electric’s Roadster X motorcycles is also progressing, now available in 200 stores across India and slated for further scaling during the upcoming festive season. Software adoption is also on the rise, with MoveOS+ adoption surging to nearly 50 percent among new customers.

A significant technological leap for Ola Electric is the in-house production of its 4680 Bharat Cell, set to power vehicles starting this Navratri. The company plans to fully utilise its 1.4 GWh capacity by the end of FY2026 and scale it to 5 GWh by FY2027. Furthermore, the company has successfully developed Heavy Rare Earths (HRE) free Motors, scheduled for production deployment in Q3 FY2026. These vertical integration efforts aim to reduce costs, enhance performance, and improve supply chain resilience.

Ola Electric aims to further solidify its position as an industry leader, being the only major EV player currently offering ABS-equipped products (S1 Pro+). The company is also developing its in-house ABS, expected to be production-ready by January 2026, aligning with evolving safety standards.

Comments (0)

ADD COMMENT

Link Copied!

CHARGEZONE has announced an expanded partnership with Ador-Quench to procure and deploy made-in-India DC fast chargers across 1,000 new supercharging locations in India. The deployment supports CHARGEZONE's target of reaching 300 MW in cumulative network capacity.

The rollout will feature Ador-Quench DC fast-charging systems ranging from 120 kW chargers to 480 kW dispenser systems. Built on a modular 30 kW AC-DC converter architecture, the equipment caters to passenger cars, electric buses and commercial trucks.

The 360 kW and 480 kW units are targeted at commercial fleet operations to support high energy throughput, while the 120 kW chargers will be installed along intercity routes and highways.

The infrastructure features an energy efficiency rating exceeding 96 per cent, forced-air cooling, and a digital CAN interface for monitoring system diagnostics. The units will integrate into ChargeCloud, CHARGEZONE's proprietary network management platform, to enable dynamic load management and predictive maintenance.

Kartikey Hariyani, Founder and CEO, CHARGEZONE, said, "India’s EV transition has reached a tipping point where charging infrastructure must perform for every vehicle type, from a family car on a weekend road trip to a 55-ton electric truck running 24/7. As EV adoption grows across both passenger and commercial segments, the next phase of infrastructure development has to address very different charging requirements. By partnering with Ador-Quench for Made-in-India superchargers, we are strengthening our ability to deploy high-power charging infrastructure suited to these needs, while supporting the expansion of our national network."

Ravin Mirchandani, Chairperson, Ador Powertron and Quench Chargers, said, "CHARGEZONE was our first-ever customer for fast chargers, and we are delighted to be supporting the growth of one of the most dynamic companies in this sector. We are particularly proud that these chargers are 100% Made in India, including the Rectifier and controller modules, reflecting our commitment to world-class indigenous technology and manufacturing."

Comments (0)

ADD COMMENT

Link Copied!

Rincell has announced that it expects to ship over 500,000 battery cells across its product portfolio by the end of 2026, driven by commercial adoption of its RC50 21700 cell. The company is actively supplying battery cells to customers across the US, Europe and India.

The RC50 cell combines a 5Ah energy capacity with a 25A continuous and 50A burst output, retaining 80 per cent of its capacity after 1,200 full charge cycles. The cell has achieved UN 38.3 certification for international transport, IEC 62133 compliance for European markets, and BIS certification for India.

Applications for the RC50 encompass medical X-ray equipment, industrial machinery, commercial drones, and electric two-wheelers. In India, battery pack manufacturer Autorev is integrating the RC50 into its battery packs for electric scooters and motorcycles.

Founded in January 2023, Rincell operates a 6,500 sqft pilot manufacturing facility in Fremont, California, while carrying out volume production primarily in India. The company is currently constructing a production facility in the US, which is scheduled to become operational in late 2027.

Jignesh Parikh, Co-Founder and CEO, Rincell, said, "The RC50 is our all-rounder. It combines high energy, high power and long life in one cell, driving adoption across a wide spectrum of demanding commercial markets and building major order traction. Delivering that level of performance consistently and at scale is where so much of the battery industry has struggled, and it is what Rincell was built to do."

Mohammad Ubeduddin, CTO, Autorev, said, "Electric two-wheelers are one of the toughest jobs a battery can do. Riders in India push their scooters and motorcycles hard every day, through heat and stop-start traffic, so our packs need range, punch and a long working life all at once. The RC50 gives us all three in a single cell, and it has performed consistently in our own testing. That is what lets us build packs our customers can rely on as India’s electric two-wheeler market scales."

Comments (0)

ADD COMMENT

Link Copied!

Epsilon Advanced Materials has announced the launch of EpSil, a silicon-graphite composite anode material developed for electric vehicle battery cell manufacturing. The material is designed to increase battery energy density and enable driving range extensions of up to 30 percent without altering existing battery pack dimensions, or allow vehicle manufacturers to reduce pack size while maintaining current range metrics.

EpSil delivers a claimed reversible capacity of 600–650 mAh/g, compared to 340–360 mAh/g for conventional graphite anodes. The composite addresses structural cycle-life challenges associated with silicon expansion and contraction during charge cycles while supporting 1C–5C charge rates.

The material engineered by Epsilon aims to limit lithium plating risk and dendrite formation during high-rate charging protocols, and is compatible with existing battery cell production lines. The launch occurs against an expansion in global battery demand, with International Energy Agency data recording 1.2 TWh of electric vehicle battery deployment in 2025 and projecting demand to approach 3 TWh by 2030.

Vikram Handa, Managing Director, Epsilon Advanced Materials, said, "Battery manufacturers are being asked to deliver more range and faster charging without making battery packs larger. With Epsil, we are delivering higher anode capacity, stable fast charging and compatibility with existing manufacturing lines. Our aim is to give customers more flexibility in how they design for vehicle range and pack size, through a resilient & secure anode material supply option from India."

Comments (0)

ADD COMMENT

Link Copied!

Revolt Motors, a wholly-owned subsidiary of RattanIndia Enterprises, has secured an order to supply 1,100 BlazeX electric motorcycles to the Bihar Police for patrolling operations. The contract represents an expansion of the company's institutional business into law enforcement mobility.

The BlazeX model features a claimed range of up to 150 km per charge and can be recharged using a standard 10A power socket. The vehicle is equipped with a removable battery, under-seat storage for the charger and built-in GPS for fleet location tracking and monitoring.

Delivery of the vehicles is contracted for completion by January 2027, with Revolt Motors targeting completion of deliveries by November 2026. The deployment expands Revolt Motors' operational footprint, which currently includes a network of over 182 dealerships across India.

Anjali Rattan, Chairperson of RattanIndia Enterprises, said, "Securing an order for 1,100 electric bikes from Bihar Police is a significant step for Revolt. Institutional mobility presents a different set of requirements from individual ownership, and engagements of this scale give us an opportunity to take our products into real-world operating environments. We see institutional adoption as an important avenue for expanding the role of electric bikes in India."

Comments (0)

ADD COMMENT

Link Copied!