Ola Electric Gets Board Nod To Raise INR 1,500 Cr

Ola Electric Gets Board Nod To Raise INR 1,500 Cr Tezzbuzz | 2025-10-26T00:24:36+08:00

SUMMARY

The company said the issue would be undertaken via various routes, including a public offer, rights issue, qualified institutional placement, or private placement

The proposed fundraise will be subject to shareholder approval and other necessary regulatory clearances, Ola Electric said in an exchange filing

Ola Electric’s consolidated net loss widened 23.3% YoY to INR 428 Cr in Q1 FY26, while revenue from operations also nearly halved YoY to INR 828 Cr

Electric vehicle (EV) major Ola Electric’s board today approved a proposal to raise up to INR 1,500 Cr via a mix of equity shares and convertible securities.

The board cleared the fundraising plan at its meeting on October 25, 2025. The company said the issue would be undertaken via various routes, including a public offer, rights issue, qualified institutional placement (QIP), or private placement.

The proposed fundraise will be subject to shareholder approval and other necessary regulatory clearances, Ola Electric said in an exchange filing.

The company did not disclose when or at what price the securities would be issued.

(The story be updated soon)