Ola Electric plans ₹1,500 crore fundraise to boost EV production

Business Oct 26, 2025

Ola Electric just approved plans to raise up to ₹1,500 crore by selling new shares or convertible securities.
The board gave the green light on October 25, and the company can use public offers, rights issues, QIPs, or private placements to bring in the funds.

Ola Shakti portable battery system is set to launch soon

Known for its electric scooters, Ola Electric is also stepping into energy storage with its new portable battery system, Ola Shakti.
The company is serious about building in India.

Ola's stock has dropped over 40% since going public

It hasn't all been smooth riding: since going public, Ola Electric's stock has dropped over 40% from its IPO price of ₹76.
Staying competitive and profitable is proving challenging in today's market.