Ola Electric Mobility Ltd has approved a proposal to raise up to ₹1,500 crore through a mix of equity shares and convertible securities, as part of its ongoing capital expansion and growth initiatives. The fundraise, approved during a board meeting on October 25, 2025, will require subsequent shareholder and regulatory approvals before execution.
Flexible Fundraising Structure
According to the company’s exchange filing, the proposed fundraising may be carried out through various routes, including:
- Further public offer (FPO)
- Rights issue
- Qualified institutional placement (QIP)
- Private placement
- Any other route permitted under prevailing regulations
Ola Electric may issue fully paid-up equity shares or convertible instruments such as warrants, American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs). The pricing and specific structure of the issue will be finalised at a later stage by the board.
The company has also uploaded details of the proposed fundraising on its investor relations webpage for public access.
Background: Recent Funding and Market Developments
This marks Ola Electric’s second major equity fundraising plan since its IPO in August 2024, when it raised ₹5,500 crore. In May 2025, the board had approved raising up to ₹1,700 crore through non-convertible debentures (NCDs) — the company’s first debt issuance post-listing.
However, recent market data shows headwinds in operational performance. As per VAHAN statistics, Ola Electric’s market share in the e-two-wheeler segment declined to 13.2% in September 2025, from 18.7% in August 2025.
The company has also faced regulatory and operational challenges, including discrepancies in reported sales data and issues related to missing trade certificates at certain dealerships.
Strategic Outlook
The fresh capital infusion is expected to strengthen Ola Electric’s balance sheet, support capacity expansion, and potentially aid in new product launches amid growing competition in India’s electric mobility space.
The move also comes at a crucial juncture as the company works to stabilise operations, improve compliance standards, and maintain its leadership position in the fast-evolving EV ecosystem.
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