Ola Electric’s PLI Milestone: ₹73.7 Crore Incentive to Drive EV Innovation
Written By: Mobin
Ola Electric received incentives of ₹73.7 crores under the PLI-Auto scheme, making it India's first 2W EV company, further increasing Ola's market value.
Incentives
In the same market, Ola Electric reigns number 1 in the electric two-wheeler segment with 28% market share in February 2025.
Market
The PLI-Auto scheme aims to boost domestic manufacturing and encourage clean energy solutions.
Scheme
Recently Ola Electric has invested heavily in R&D, battery innovation and Ola Futurefactory.
Investment
Five products of Ola Electric are certified under the PLI scheme, providing a good product while meeting the 50% localization criteria.
Products
Talking about batteries, Ola Electric has been allocated 20GWh capacity under the ACC Battery PLI scheme.
Battery
By December 2024, Ola Electric's loss has increased to ₹564 crore, which is more than last year. But Ola says that it will soon turn it into profit.
Loss
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