Bhavish Aggarwal’s Ola Electric plans BIG move as its board approves Rs 1500 crore…
The fundraising plan comes as investors including SoftBank, Z47 and others reduce their stakes in Ola Electric.
Ola Electric news: The board of Bhavish Aggarwal’s Ola Electric Mobility said it has approved a proposal to raise up to Rs 1,500 Crore through a mix of equity shares and convertible securities. The electric two-wheeler maker said in a filing to the stock exchanges on Saturday. This is subject to shareholder approval and regulatory clearances.
fundraising may be effected through a rights issue, a qualified corporate placement, the issuance of equity securities, including warrants, through a private placement or the issuance of convertible securities and/or other methods permitted under applicable law. The Bengaluru-based firm did not disclose the reasons for raising funds. The fundraising plan comes as investors including SoftBank, Z47, Tiger Global Management and others reduced their stake in the Bengaluru-based company earlier this year, ET reported.
Ola Electric’s first fundraising effort
In May 2025, the company’s board approved plans to raise up to Rs 1,700 Million through non-convertible debentures and other debt instruments. This was the firm’s first fundraising effort after its IPO.
Ola Electric share price
Shares of Ola Electric ended at Rs 52.92 on Friday, down 1.43 per cent from the previous closing day’s close of Rs 53.67 on the NSE. The market capitalization of the company is Rs 22150 crore.
