Ola Electric, which leads India’s electric two-wheeler market, didn’t specify the purpose of the capital infusion in its filing.
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FRANCIS MASCARENHAS
Ola Electric on Saturday stated its board has approved raising up to Rs 1,500 crore via an issue of securities.
The company’s board has considered and approved a proposal for raising funds by issue of shares, or convertible securities including warrants via rights issue, qualified institutional placement, private placement and/ or any other permitted modes under applicable laws for an aggregate consideration of up to Rs 1,500 crore, the Bengaluru-based firm stated in a regulatory filing.
The electric two-wheeler buildr did not disclose the reasons for raising the funds.
Published on October 26, 2025
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