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.
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