New Delhi, May 22 -- Ola Electric Mobility Ltd's decision to slow the ramp-up of its home inverter business has sparked new scrutiny of its choice of lithium-ion battery chemistry after the segment fell well short of its revenue guidance for the March quarter.

Ola Shakti, part of the company's cell division, was expected to generate around Rs.100 crore in revenue during the quarter, based on the company's guidance in November. However, company disclosures on 20 May showed the cell division brought in only about Rs.4 crore in revenue, suggesting that Shakti's ramp-up did not take place as the company had expected.

Industry experts and executives said part of the challenge stems from Ola's use of nickel manganese cobalt (NMC) batteries in...