Ola Electric Board Approves Rs 2,000 Crore Capital Infusion for EV and Battery Subsidiaries

Ola Electric Mobility Limited announced that its board of directors has approved a combined investment of Rs 2,000 crore into two of its wholly owned subsidiaries. The regulatory filing submitted to the stock exchanges on May 15, 2026, details a capital infusion strategy directed at Ola Electric Technologies Private Limited and Ola Cell Technologies Private Limited. The investments are intended to support the ongoing business requirements of both entities.

The company will invest Rs 1,500 crore into Ola Electric Technologies Private Limited, which operates across the electric vehicle value chain and is responsible for the manufacturing and supply of its electric scooters. This transaction will be executed through the issuance of 150 crore compulsory convertible preference shares at a par value of Rs 10 each. For the financial year 2024 to 2025, this specific subsidiary reported a turnover of Rs 4,717.48 crore.

An additional Rs 500 crore will be allocated to Ola Cell Technologies Private Limited. This subsidiary focuses on the manufacturing, processing, assembly, and distribution of battery cells. The funding will similarly be routed through 50 crore compulsory convertible preference shares priced at Rs 10 each. This battery focused division recorded a turnover of Rs 73.00 crore during the 2024 to 2025 financial year.

Both cash consideration investments are scheduled for completion on or before May 14, 2027. Ola Electric confirmed that the transactions are conducted on an arm's length basis and that both entities will remain wholly owned subsidiaries, with the parent company retaining total control.