Ola Electric Mobility has approved an investment of ₹2,000 crore into its wholly owned subsidiaries Ola Electric Technologies Pvt Ltd and Ola Cell Technologies Pvt Ltd to support their operational and business expansion requirements.
The decision was approved by the company’s board of directors as Ola Electric continues to strengthen its electric vehicle and battery manufacturing ecosystem.
Majority allocation for EV business
Under the approved plan, Ola Electric will infuse ₹1,500 crore into Ola Electric Technologies Pvt Ltd (OET), while ₹500 crore will be invested in Ola Cell Technologies Pvt Ltd (OCT).
The investments will be made through the subscription of Compulsory Convertible Preference Shares (CCPS) issued at par value.
The ₹1,500 crore investment in OET will comprise 150 crore CCPS of ₹10 each, while the ₹500 crore infusion into OCT will include 50 crore CCPS of ₹10 each.
Subsidiaries to remain fully owned
Following the investment, both OET and OCT will continue to remain wholly owned subsidiaries of Ola Electric Mobility, with the parent company maintaining 100% direct or indirect control.
The company said the investment process is expected to be completed on or before May 14, 2027.
Strengthening EV and cell manufacturing ecosystemOla Electric Technologies is engaged in providing services across the electric vehicle value chain, including manufacturing and supply of electric vehicles.
Meanwhile, Ola Cell Technologies focuses on manufacturing, processing, assembling, exporting, selling and distribution of battery cells and related products.
The latest capital infusion comes as Ola Electric accelerates efforts to deepen its vertically integrated EV ecosystem spanning vehicles, batteries and cell manufacturing capabilities.