Ola Electric’s Bhavish Aggarwal is spinning a new yarn in the hope of raising more money for his misadventures. The earnings call on Thursday for the July-September quarter of FY27 was almost as short as the electric two-wheeler maker’s financial runway without external funding. But one phrase that Aggarwal reiterated stood out: “Demand is no longer our constraint.” Simply put, Aggarwal claims that people are lining up to buy his electric scooters.
Nothing could be further from the truth. In the quarter ended 30 September, Ola Electric’s vehicle registrations fell 19.5% year-on-year to 41,653 units, and were down 5.3% sequentially, …
