The company may consider raising the amount by issuing equity shares or convertible securities including warrants or other instruments, via a public offer, rights issue, qualified institutional placement (QIP), private placement, or any other mode, Ola Electric informed the exchanges.
The fundraising is subject to approval by the company’s shareholders who will vote to approve or disapprove the plan.
It is not yet clear what the company intends to use the funds for. However, the EV maker recently announced its plans to move beyond the mobility market and tap clean energy segment.
The company on October 16 announced the launch of Ola Shakti, a portable battery energy storage system (BESS).
Shares of Ola Electric Mobility ended ₹53.69 on Friday (October 24) which is below its IPO price of ₹76.
First Published: Oct 25, 2025 10:03 PM IS
