Ola Electric board approves fundraising upto ₹1,500 crore
Published on 25/10/2025 10:12 PM
Ola Electric board approves fundraising upto ₹1,500 croreIt is not yet clear what the company intends to use the funds for. However, the EV maker recently announced its plans to move beyond the mobility market and tap clean energy segment with Ola Shakti.By Tenzin Norzom October 25, 2025, 10:12:34 PM IST (Updated)1 Min ReadOla Electric Mobility Ltd. on Saturday, October 25, said its board of directors has approved a proposal to raise funds of up to ₹1,500 crore.
The company may consider raising the amount by issuing equity shares or convertible securities including warrants or other instruments, via a public offer, rights issue, qualified institutional placement (QIP), private placement, or any other mode, Ola Electric informed the exchanges.
The fundraising is subject to approval by the company’s shareholders who will vote to approve or disapprove the plan.
It is not yet clear what the company intends to use the funds for. However, the EV maker recently announced its plans to move beyond the mobility market and tap clean energy segment.
The company on October 16 announced the launch of Ola Shakti, a portable battery energy storage system (BESS).
Shares of Ola Electric Mobility ended ₹53.69 on Friday (October 24) which is below its IPO price of ₹76.
Continue ReadingFirst Published: Oct 25, 2025 10:03 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBhavish AggarwalOla Electric Mobility