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CleanTech

Ola Electric Gets Board Nod To Raise INR 1,500 Cr


SUMMARY

The company said the issue would be undertaken via various routes, including a public offer, rights issue, qualified institutional placement, or private placement

The proposed fundraise will be subject to shareholder approval and other necessary regulatory clearances, Ola Electric said in an exchange filing

Ola Electric’s consolidated net loss widened 23.3% YoY to INR 428 Cr in Q1 FY26, while revenue from operations also nearly halved YoY to INR 828 Cr

Electric vehicle (EV) major Ola Electric’s board today…



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