In an exchange filing, the electric two-wheeler maker said the fundraising may be carried out via further public offer, rights issue, qualified institutional placement (QIP), private placement or any other permissible route, subject to shareholder approval through a postal ballot and necessary regulatory clearances.
The proposed issue will include equity shares and/or convertible instruments such as warrants, ADRs, or GDRs, with pricing and other details to be decided by the board in due course.
The announcement comes at a time when Ola Electric is looking to expand its manufacturing capabilities and strengthen its position in India’s rapidly growing EV ecosystem. The fundraise is expected to support its upcoming product launches, charging network expansion, and R&D initiatives.
As on September 2025, promoters held 36.78% in the company.
Ola Electric Mobility is a leading Indian electric vehicle (EV) manufacturer engaged in the integrated development of EV technology and components, including battery cells. Its manufacturing facility, the Ola Futurefactory in Tamil Nadu, produces EVs and key components and is positioned as one of India’s major EV hubs.
The company recently forayed into India’s Rs 1 lakh crore Battery Energy Storage Systems (BESS) market with the launch of “Ola Shakti”, its first residential energy storage product.
The company’s consolidated net loss narrowed to Rs 428 crore in Q1 FY26 as against net loss of Rs 870 crore in Q4 FY25. Revenue from operations jumped 35.52% QoQ to Rs 828 crore in Q1 FY26.