Ola Electric announced on Saturday that its board has approved a plan to raise up to ₹1,500 crore through the issuance of securities. The Bengaluru-based company stated in a regulatory filing that it has considered and approved a proposal for fundraising by issuing shares or convertible securities, including warrants, via various methods such as rights issue, qualified institutional placement, private placement, or any other legally permissible means.
While the electric two-wheeler manufacturer has not disclosed specific reasons for the capital infusion, this move is expected to bolster its operations in India’s growing electric vehicle market. Ola Electric currently holds a leading position in the electric two-wheeler segment.
The announcement was made public on October 26, 2025.
