Ola Electric Board Approves Plan to Raise Up to ₹1,500 Crore via Equity Issuance

 

Ola Electric Board Approves Plan to Raise Up to ₹1,500 Crore via Equity Issuance

Bengaluru, October 25, 2025 – Ola Electric Mobility Limited (BSE: 544225, NSE: OLAELEC) has taken a significant step towards strengthening its financial position for future growth. The company's Board of Directors, in a meeting held on October 25, 2025, has approved a proposal to raise funds up to ₹1,500 crore.

The board gave its nod for the issuance of various securities, including fully paid-up equity shares and/or convertible instruments such as warrants, ADRs, and GDRs. The fundraising is slated to be executed through one or more permissible routes, including a Further Public Offer (FPO), Rights Issue, Qualified Institutional Placement (QIP), or private placement.

Key Details of the Fundraising Plan

• Total Amount: Up to ₹1,500 Crore

• Instruments: Equity Shares and/or convertible securities (warrants, ADRs, GDRs).

• Potential Routes: Further Public Offer, Rights Issue, QIP, private placement.

• Next Step: The proposal is subject to the approval of the company's shareholders, which will be sought through a postal ballot.

The board meeting, which commenced at 6:35 PM and concluded at 7:20 PM IST, underscores the company's strategic intent to capitalize on the growing electric vehicle (EV) market in India.

Strategic Implications and Market Context

This proposed fundraising comes at a pivotal time for Ola Electric, which is a dominant player in India's electric two-wheeler segment. The infusion of up to ₹1,500 crore could be utilized for several strategic purposes, including:

• Expansion of Manufacturing Capacity: To meet rising demand and explore new product lines.

• Research & Development: To accelerate innovation in battery technology and new EV models.

• Strengthening the Balance Sheet: To reduce debt and fund ongoing operational expenses.

• Market Aggression: To invest in marketing, charging infrastructure, and international expansion.

The approval from the board marks the first formal step in this capital-raising exercise. The market will now keenly await the outcome of the shareholder postal ballot and subsequent details on the specific mode, pricing, and timeline of the issuance.

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About Ola Electric Mobility Limited:
Ola Electric Mobility Limited is a leading manufacturer of electric two-wheelers in India. The company is focused on accelerating the transition to sustainable mobility through its range of electric scooters and is building an extensive EV ecosystem.

For further information, please contact:
Investor Relations: The announcement is available on the company's website at https://www.olaelectric.com/investor-relations/announcements

This article is based on a public disclosure made by Ola Electric Mobility Limited to the stock exchanges on October 25, 2025.