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Ola Electric approves Rs 2,000 crore push into EV and battery cell firms as competition heats up
Economy
Published on 15 May 2026
A Rs 500 crore battery cell bet kicks in
Ola Electric Mobility’s board has approved Rs 2,000 crore in investments into two wholly owned subsidiaries—Rs 1,500 crore for Ola Electric Technologies and Rs 500 crore for Ola Cell Technologies. The capital will be infused through compulsory convertible preference shares and is expected to be completed by May 14, 2027. Ola says the move will strengthen its EV ecosystem and battery manufacturing amid intensifying competition in India’s EV market and government pressure for localised cell production.
- Ola Electric board okays Rs 2,000 crore investment into subsidiaries
- Rs 1,500 crore goes to Ola Electric Technologies for EV manufacturing
- Rs 500 crore goes to Ola Cell Technologies for battery cell operations
- Funds will be issued via compulsory convertible preference shares at par
- Investment timeline targets completion by May 14, 2027
- FY25 turnover reported at Rs 4,717.48 crore for Ola Electric Technologies
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times