Hi onlinedirections,
To increase the excerpt length its a premium features but it will only display upto 130 character. We have designed our theme this way. If you like code customization then, go to theme folder -> inc -> structure -> ambition_widgets.php on line no 433 you will find below code
<p><?php if(strlen($excerpt) >130){
$excerpt_length = substr($excerpt, 0 , 130);
echo $excerpt_length . '...'; ?>
</p>
replace with
<?php echo esc_attr($excerpt); ?>
We recommended not to change the code because if you change the code then while updating to our new version all your customisation code will be lost. So better make child theme and first unhook the functions and the edit the code.
http://codex.wordpress.org/Child_Themes
Thank you
.
.