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Ola Electric approves plan to raise up to ₹1,500 crore, Inc42 reports · Digg

Ola Electric approves plan to raise up to ₹1,500 crore, Inc42 reports

Inc42 says the plan comes just three months after a ₹780 crore fundraise and remains subject to shareholder and regulatory approvals.

Inc42 reports that Ola Electric has approved a fundraise of up to ₹1,500 crore as it invests in EVs, battery cells and energy storage while trying to revive sales and cut losses. The publisher says Ola’s Q1 FY27 net loss narrowed 22% to ₹336 crore, but operating revenue fell 45% to ₹455 crore. Inc42 also reports that August 2026 electric two-wheeler registrations fell 7.7% month over month to 13,132 units, even as Ola’s market share rose to 7.6%.

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Ola Electric approves plan to raise up to ₹1,500 crore, Inc42 reports

Inc42 says the plan comes just three months after a ₹780 crore fundraise and remains subject to shareholder and regulatory approvals.

Inc42 reports that Ola Electric has approved a fundraise of up to ₹1,500 crore as it invests in EVs, battery cells and energy storage while trying to revive sales and cut losses. The publisher says Ola’s Q1 FY27 net loss narrowed 22% to ₹336 crore, but operating revenue fell 45% to ₹455 crore. Inc42 also reports that August 2026 electric two-wheeler registrations fell 7.7% month over month to 13,132 units, even as Ola’s market share rose to 7.6%.

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Inc42@Inc42 4 days ago
⚡. @OlaElectric is back in the fundraising lane with another ₹1,500 Cr plan. 👇 EV maker Ola Electric has approved a fresh fundraise of up to ₹1,500 Cr, just three months after raising ₹780 Cr through a QIP. The capital could be raised through a QIP, rights issue, FPO, private…
bit.ly
/46KlubS
- likes: 31
- replies: 30
- bookmarks: 4
- reposts: 2

Combined views

4K

1 post, first seen 4d ago

31 likes30 comments4 saves2 reposts

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@Inc42⚡. @OlaElectric is back in the fundraising lane with another ₹1,500 Cr plan. 👇 EV maker Ola Electric has approved a fresh fundraise of up to ₹1,500 Cr, just three months after raising ₹780 Cr through a QIP. The capital could be raised through a QIP, rights issue, FPO, private placement or convertible instruments, subject to shareholder and regulatory approvals. The move comes as Ola invests in EVs, battery cells and energy storage, while working to revive sales and cut losses. In Q1 FY27, its net loss narrowed 22% to ₹336 Cr, but operating revenue plunged 45% to ₹455 Cr. Ola’s August E2W registrations also fell 7.7% MoM to 13,132 units, even as its market share rose to 7.6%. 🔗 To read the full story, click here: https://bit.ly/46KlubS #OlaElectric #EV #Fundraise #BhavishAggarwal #News

Posts from X

1 post

IN
Inc42@Inc42 4 days ago
⚡. @OlaElectric is back in the fundraising lane with another ₹1,500 Cr plan. 👇 EV maker Ola Electric has approved a fresh fundraise of up to ₹1,500 Cr, just three months after raising ₹780 Cr through a QIP. The capital could be raised through a QIP, rights issue, FPO, private…
bit.ly
/46KlubS
- likes: 31
- replies: 30
- bookmarks: 4
- reposts: 2