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.
What happened
Ola Electric's board approved ₹2,000 crore investment into wholly-owned subsidiaries — ₹1,500 crore to EV arm OET and ₹500 crore to cell maker OCT — to expand
Key facts
- ₹2,000 cr total
- ₹1,500 cr to OET
- ₹500 cr to OCT
- OET FY25 turnover ₹4,717 cr
- OCT FY25 turnover ₹73 cr
- ₹5,114 cr Gigafactory MoU
Why this matters
Backstopping the ₹5,114 cr Gigafactory with in-house cell capex tightens vertical integration and reduces dependence on external cell suppliers, reshaping the EV supply chain bargaining position.