Amid a spate of troubles at Ola Electric, Harish Abichandani has stepped down as the chief financial officer (CFO) of the electric vehicle (EV) maker. He cited “personal reasons” for his resignation. In a filing with the exchanges, the listed electric two-wheeler (E2W) maker also announced the appointment of ex-Puravankara (real estate developer) executive Deepak Rastogi as the new CFO. As per the EV maker, Rastogi’s tenure as the new chief financial officer will come into effect starting January 20. He has also been appointed as a key managerial personnel of the listed company. An alumnus of SP Jain Institute of Management & Research, Rastogi is a qualified Chartered Accountant. He previously served in various capacities at companies like Deepak Fertilisers And Petrochemicals Corp, Tata AutoComp Systems and Castrol. On the other hand, Abichandani joined the EV startup as its CFO in December 2023, and helmed the company through its D-Street debut in 2024. However, since its public listing, Ola Electric hit a rough patch. In 2025 itself, the EV maker juggled reputational damage, revenue contraction, product delays, and strategic zigzags. On top of this, persistent poor after-sales services, an intensifying CCPA probe and heavy losses continued to ail the… Read MoreInc42 Media
