Ola Electric is undergoing a restructuring exercise that would likely impact more than 500 workers in a variety of positions within the company. This would represent more than 12% of the company's employment, or over 4,000 employees.

According to someone acquainted with the situation, "this is a restructuring exercise that has been going on for the last few months and is expected to conclude by next month." "The goal is to eliminate unnecessary positions, boost productivity, boost margins, and achieve profitability."

Similar restructuring efforts were carried out by the company in 2022 prior to its IPO.

On August 2, 2024, Ola Electric Mobility Limited began its initial public offering (IPO), and on August 6, 2024, subscriptions ended. On August 9, 2024, shares went public on the BSE and NSE.

As of September 2024, Ola Electric operated 782 stores, and each one generated 130 sales on average every quarter, which is almost two to three times the industry average. By March 2025, Ola Electric intends to increase the number of its company-owned stores (as well as co-located service infrastructure) to 2,000.

Recently, Ola Electric claimed to have the widest selection of EV scooters, offering six models at prices ranging from Rs 75,000 to Rs 150,000. The business is currently concentrating on breaking into new two-wheeler (2W) and three-wheeler (3W) markets. It intends to introduce 20 products in the next two years, with at least one new product every three months.

Ola Electric further reaffirmed that a key component of its vertical integration goal has been cell manufacture. According to the company, it plans to start utilizing these cells in its lineup of electric two-wheelers (E2W) by the first quarter of FY26. The Ola Gigafactory's production systems are all fully functional, and in Q2 FY25, trial production achieved a new milestone by manufacturing over 20,000 cells.