Ola Electric board clears ₹2,000 cr capital injection into EV and cell subsidiaries
Ola Electric will route ₹1,500 cr to OET for scooter and Gen-3 platform expansion, and ₹500 cr to OCT for in-house battery cell production tied to its ₹5,114 cr Tamil Nadu Gigafactory. Move backstops FY25 revenues of ₹4,717 cr at OET and ₹73 cr at the nascent cell arm.
Ola Electric's board approved ₹2,000 crore investment into wholly-owned subsidiaries — ₹1,500 crore to EV arm OET and ₹500 crore to cell maker OCT — to expand scooter production, in-house battery cells and Gen-3 platforms supporting its Tamil Nadu Gigafactory.
Why this matters
Capital infusion follows a revenue slide and signals a profitability push, doubling down on Gen-3 scooters and vertical cell integration as Ola Electric defends its EV market position.
Retail-company activity steady at 379 signals over the past 90 days.