BENGALURU, September 5: The board of Ola Electric Mobility Limited is scheduled to meet on Saturday to consider and approve a fresh fundraising proposal, as the electric vehicle maker explores options to raise additional capital through equity shares or other eligible securities.
The proposed fundraising could be carried out through several permissible routes, including a private placement, Qualified Institutions Placement (QIP), preferential issue or a combination of different methods.
Fundraise Amount Not Disclosed Yet
Ola Electric has not announced the size of the proposed fundraising.
The exact amount, type of securities, pricing and structure of the transaction are expected to become clearer if the board approves the proposal and the company subsequently makes the required regulatory disclosures.
As of the latest available update, the meeting was scheduled for September 5 and a final fundraising decision had not yet been publicly announced.
Company Had Raised Around ₹780 Crore in June
The latest fundraising plan comes only a few months after Ola Electric raised approximately ₹780 crore through a Qualified Institutions Placement in June 2026.
The fresh proposal indicates that the company is continuing to evaluate capital-raising opportunities as it expands its electric vehicle, battery-cell and energy-storage businesses.
Annual Report and AGM Also on Agenda
Apart from the fundraising proposal, Ola Electric’s board is also expected to consider matters related to the company’s Annual Report for the financial year ended March 31, 2026.
The board will additionally discuss matters connected with the company’s upcoming Annual General Meeting, along with other items placed before it.
Ola Electric Reports Narrower Q1 Loss
The board meeting comes after Ola Electric reported a consolidated net loss of ₹336 crore in the first quarter of FY27, narrowing from ₹428 crore in the corresponding period a year earlier.
Revenue from operations stood at approximately ₹455 crore, compared with ₹828 crore in the year-ago quarter. The company delivered 39,192 vehicles during the quarter and reported a consolidated gross margin of 30.5%.
PLI Incentive Recently Sanctioned
Ola Electric recently received a sanction order for approximately ₹95.81 crore under the Production Linked Incentive scheme for automobiles and auto components for FY27.
The company said this marked the second consecutive year in which it had received an incentive under the PLI-Auto programme.
Battery and Energy Businesses Expanding
Ola Electric has also been expanding beyond electric two-wheelers into battery technology and energy-storage systems.
The company recently introduced its indigenous Bharat Cell LFP technology in its S1Z scooter range and has outlined plans to expand its Ola Shakti energy-storage portfolio across residential, commercial and utility-scale applications.
A successful fresh fundraise could give Ola Electric additional financial flexibility as it invests in manufacturing, batteries, new products and broader energy businesses.
Investors will now await the outcome of Saturday’s board meeting for details on the size, structure and timing of any capital raise.
source – Ola Electric Mobility Limited
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