Ola Electric to Pump ₹2,000 Cr into EV, Cell Manufacturing Subsidiaries Amid Revenue Slide

Board approves ₹1,500 Cr infusion into Ola Electric Technologies and ₹500 Cr into Ola Cell Technologies, completion by May 15, 2027. Move precedes Q4 FY26 results on May 18, comes after ICRA downgrade and Q3 net loss of ₹487 Cr on revenue down 55% YoY to ₹470 Cr. Cash reserves stand at ₹1,991 Cr.

— Filed Fri, 15 May, 2026, 17:23 IST · Source Inc42 · Buzz · Updated

Ola Electric's board approved ₹2,000 Cr infusion into its EV manufacturing (₹1,500 Cr) and cell manufacturing (₹500 Cr) subsidiaries ahead of Q4 FY26 results, amid declining revenues, negative cash flow, and an ICRA downgrade of the vehicle arm.

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