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 cleared ₹2,000 cr for OET scooter expansion and OCT cell manufacturing tied to its Tamil Nadu Gigafactory.

The Hindu BusinessLine · 5/15/2026, 1:39:50 PM · Ask about this →

Ola Electric + Matrix Partners + Ola Cell Technologies + Ola Electric Technologies + SoftBank + Temasek + Tiger Global +