Ola Electric Mobility Limited has announced board approval for a combined ₹2,000 crore capital infusion into its wholly-owned subsidiaries, Ola Cell Technologies Private Limited (OCT) and Ola Electric Technologies Private Limited (OET). This strategic investment aims to bolster the business requirements of both units. The funds will be deployed through the issuance of Compulsory Convertible Preference Shares, with the investments expected to be completed on or before May 14, 2027.
Strategic Capital Allocation
The Board of Directors at Ola Electric Mobility Limited finalized the decision during their meeting on May 15, 2026. The investment is structured to support the ongoing operations and growth initiatives of its two core subsidiaries, ensuring they have the necessary financial resources to scale their respective electric vehicle and battery technologies.
Subsidiary Breakdown
The total investment is divided across the two subsidiaries based on their operational needs:
- Ola Cell Technologies (OCT): A total of ₹500 crore will be infused via 50 crore Compulsory Convertible Preference Shares. OCT is focused on the manufacturing, assembly, and export of advanced batteries and cells.
- Ola Electric Technologies (OET): A total of ₹1,500 crore will be infused via 150 crore Compulsory Convertible Preference Shares. OET manages the broader electric vehicle value chain and the manufacturing of electric vehicles.
Transaction Details and Control
Both transactions are conducted on an arm’s length basis. Post-investment, Ola Electric Mobility Limited will maintain 100% control over both entities, directly or indirectly. The company has set a clear timeline for these capital infusions, with completion expected no later than May 14, 2027. This move underscores the company’s commitment to vertical integration within the electric vehicle ecosystem, from cell manufacturing to final vehicle assembly.
Source: BSE
