New Delhi, May 29 -- Ola Electric Mobility Ltd's revenue from operations crashed 41.5% sequentially to Rs.611 crore in the January-March quarter, falling behind its smaller rival Ather Energy Ltd for the first time since the Bhavish Aggarwal-led startup sparked off the electric vehicle wave in the country eight years ago.

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Ola Electric's other income totaled Rs.117 crore in January-March, which helped the company end with Rs.728 crore revenue in the final quarter of FY25. Ather, which went public earlier this year, had Rs.11.7 crore in other income and Rs.676.1 crore in revenue from operations in the quarter ended March 2025.

However, Ola's found...