Ola Electric plans to raise additional funds through various routes just three months after its previous ₹780 crore QIP, as it accelerates product launches and manufacturing investments despite a challenging earnings backdrop.
Ola Electric is preparing to test investor appetite again, with its board due to meet on 5 September to consider a fresh equity raise through a qualified institutional placement, private placement, preferential issue or other permitted routes. The move comes only three months after the electric scooter maker raised ₹780 crore via a QIP, underscoring how quickly it is returning to the market for capital.
The company is still working through a difficult earnings backdrop. Business Standard reported that Ola Electric cut its consolidated net loss to ₹336 crore in the June quarter from ₹428 crore a year earlier, even as revenue from operations fell 45 per cent to ₹455 crore. The improvement was linked to tighter cost control and operational changes after the company’s FY26 reset, while vehicle deliveries climbed sharply on a sequential basis and market share recovered.
Ola has also continued to pour money into manufacturing. In May, the board approved a ₹2,000 crore investment in two wholly owned subsidiaries, including ₹1,500 crore for Ola Electric Technologies and ₹500 crore for Ola Cell Technologies. The funding, to be routed through compulsory convertible preference shares, is intended to support production needs, raise localisation and automation, and bring down operating costs.
On the product side, the company has rolled out the S1Z, a mass-market scooter built around its Bharat Cell LFP battery technology, and has secured ₹95.81 crore under the PLI-Auto scheme, according to the company’s disclosures. It is also widening its retail reach by adding dealer-run outlets alongside company-owned stores, while aiming to deepen its presence in the North and East and replicate its execution model in the South and West.
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