Ola Electric Mobility Limited has informed the exchange regarding Investors Presentation of the Company

OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 (Formerly known as Ola Electric Mobility Private Limited) August 7, 2026 To, To, National Stock Exchange of India Limited BSE Limited Address: Exchange Plaza, C-1, Block G, Bandra Address: Phiroze Jeejeebhoy Towers Kurla Complex, Bandra (E), Mumbai-400051, Dalal Street Mumbai- 400001, Maharashtra, India. Maharashtra, India. NSE Scrip Symbol: OLAELEC BSE Scrip Code: 544225 Subject: Submission of Investor Presentation for Earnings Conference Call with Analysts/Investors. Dear Sir/ Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and in continuation of our earlier intimation dated August 4, 2026, please find enclosed herewith a copy of the Investor Presentation in respect of the unaudited standalone and consolidated financial results of the Company for the first quarter ended June 30, 2026. The above intimation will also be hosted on the website of the Company i.e., www.olaelectric.com. We request you to take the above on your record. Thanking you, For Ola Electric Mobility Limited Abhishek Jain Company Secretary and Compliance Officer Membership No.: A62027 Place: Bengaluru Encl: As above Registered Address: Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No. 140, Industrial Layout, Koramangala, Bengaluru – 560095, Karnataka, India | Landline: 080-35440050 | companysecretary@olaelectric.com | www.olaelectric.com Q1 FY27 Key Highlights Q1FY27: From reset to disciplined scale FY26 was a year of reset for Ola Electric. We streamlined the operations, tightened execution and rebuilt the business on a more efficient operating base. Q1 FY27 was the first full quarter after that reset - and the first real test of whether these changes would translate into stronger performance. Ola registrations grew 97% quarter-on-quarter, significantly outpacing the broader E2W market, which grew 17%. Our market share increased from 5.1% in Q4 FY26 to 8.4% in Q1 FY27, while Auto revenue rose 72% quarter-on-quarter. This was more than a sequential step up: it showed a leaner, sharper Ola converting hard-won operating discipline into faster growth, renewed market share momentum and a stronger competitive position. Equally important was the operating discipline behind this growth. The scale up came on a materially more streamlined operating base, with costs remaining broadly controlled even as volumes increased. Despite a difficult commodity environment, Auto gross margin sustained at 30.5%, sustaining our industry-leading gross margins. At the same time, the FY26 reset has materially lowered our operating cost base, giving us a structurally stronger foundation from which to scale. AI is now being embedded across sales, registration and fulfilment, removing friction from high-volume workflows and tightening execution at every step. The result is a robust operating model - built to scale faster, act with greater precision and convert every increment of growth utilising our operating leverage. While execution drove our outperformance, the external environment continued to strengthen the structural case for electric mobility. The conflict in West Asia contributed to volatility in fuel availability and prices, sharpening the cost-of-ownership advantage of EVs. Against this backdrop, India’s E2W penetration crossed 10% for the first time in June, a significant milestone in the category’s journey towards the mainstream. The policy landscape is becoming vibrant with strong central and state government support as well. Delhi’s pathway towards fully electric new two-wheeler registrations, Maharashtra’s EV policy and Haryana’s 100% motor-vehicle-tax concession for eligible EVs all point in the same direction. Odisha offers a compelling proof point: supported by sustained purchase incentives, govt. push and tax waivers, E2W penetration in the state has surged from 10% in Feb 2026 to 20%+ in June 2026. Together, these developments show that the transition to electric mobility is broadening and accelerating across key markets. The next phase is to compound this progress: deepen execution, continue expanding market share, increase productivity through technology and translate higher scale into stronger operating leverage. Our focus is not growth at any cost, but durable growth—built on discipline, technology and an EV market whose structural foundations continue to strengthen Financial commentary Q1 FY27 marked a strong scale up in our Automotive business, supported by improving demand momentum. Orders increased to approximately 44K units, up 96% QoQ, while deliveries grew to approximately 39.2K units, up 94% QoQ. As a result, Automotive revenue from operations increased to approximately ₹455 crore, up 72% QoQ, while gross profit improved to ₹139 crore. Despite a challenging commodity environment, Ola sustained a gross margin of 30.5%, reflecting the strength of our product economics and maintaining our position among the industry’s leading E2W gross-margin profiles. Ola vs E2W peer Gross margin: During the quarter, industry commodity costs increased by approximately 11%, driven by higher copper and aluminium prices, lithium supply constraints in China, and elevated plastics and polymer costs following crude oil supply disruptions. Commodity cost for E2W has significantly increased Source: SIAM, Bloomberg, HSBC E2W commodity index We also continued to execute on our cost optimisation initiatives, with consolidated operating expenses* reducing 22% QoQ to ₹333 crore. We remain focused on achieving a lower steady-state operating cost base of approximately ₹300 crore per quarter. As monthly deliveries continue to scale towards our previously communicated operating breakeven range, we expect operating leverage and continued cost efficiencies to drive further expansion in adjusted operating EBITDA margins. Consolidated Operating expenses (₹ crore)*: During the quarter, we successfully completed a ₹780 crore Qualified Institutional Placement. Strong institutional demand resulted in an 56% oversubscription of the offering, reinforcing investor confidence in our strategy and long-term opportunity. The capital raised strengthens our balance sheet and provides additional financial flexibility to support disciplined growth. Further, we received a one-time benefit to our cost base from PLI-related levies, supported by a favourable government stance towards our Cell business. This reinforces the strategic importance of domestic cell manufacturing and aligns with the Government’s broader priorities around localisation, self-reliance and building a strong indigenous battery ecosystem. Auto Business: Growth broad-based across markets Sales growth and market share gains Orders increased from 22,522 in Q4 FY26 to 44,071 in Q1 FY27, while deliveries nearly doubled from 20,256 to 39,192. This broad-based step-up in volumes marked a clear return of momentum across the Auto business and created the foundation for meaningful share gains during the quarter. This execution translated into growth materially ahead of the category. While the broader electric two-wheeler market grew 17% quarter-on-quarter, Ola registrations increased 97%, driving market share from 5.1% in Q4 FY26 to 8.4% in Q1 FY27. The improvement reflects not just a growing category, but Ola’s ability to significantly outpace the market and regain share. *Operating expenses inclusive of lease expense This momentum was also broad-based across regions. Sales increased across every region, with the West growing approximately 61% quarter-on-quarter, the North and South each growing approximately 54%, and the East growing approximately 34%. The West was led by Gujarat and Maharashtra, while growth in the North was supported by Uttar Pradesh, Rajasthan and the broader regional cluster. Karnataka and Andhra Pradesh–Telangana drove the accelerati [Showing first 8,000 characters — download PDF for full document]