Ola Electric's battery unit to raise $100 million in funding
Ola Electric's subsidiary, Ola Electric Technologies (OET), is raising about $100 million (₹877.64 crore) by issuing preference shares.
The money will go to Ola Cell Technologies (OCT), their battery cell research and manufacturing arm, as part of a bigger push to expand India's EV market and ramp up local battery capacity.
Ola's strategy to develop lithium-ion cells domestically
OET drives Ola Electric's two-wheeler production and advanced battery work, while OCT focuses on developing homegrown lithium-ion cells at scale.
This strategy helps cut down on imports and keeps more of the process in-house—making the company less dependent on outside suppliers.
Ola Electric's financials and market position
In the first quarter of FY26, Ola Electric saw its revenue drop to ₹828 crore from ₹1,644 crore last year, while losses grew 23% to ₹428 crore.
Still, they climbed up to second place among India's electric two-wheeler makers.
As of September 2025, their shares were trading at ₹56.95 with a market cap around ₹25,119 crore ($2.8 billion).