Ola Electric Jumps 10% After ₹780 Cr QIP, Eyes ₹1,500 Cr Total Raise

Ola Electric surged 10% intraday to ₹49.01, lifting m-cap to ₹22,475.5 Cr, days after closing a ₹780.24 Cr QIP — 21.75 Cr shares at ₹35.86, oversubscribed 56% — backed by Goldman Sachs, Motilal Oswal and Mirae. Proceeds: ₹225 Cr debt, ₹335 Cr growth. FY26 net loss stands at ₹1,833 Cr on ₹2,460 Cr revenue.

— Source publishedTue, 9 Jun, 2026, 13:24 IST·First seen Tue, 9 Jun, 2026, 13:26 IST·Source Inc42 · Buzz

What happened

Ola Electric shares jumped 10% intraday amid new-age tech stock rally, days after the EV two-wheeler maker raised ₹780 Cr via QIP from Goldman Sachs, Motilal

Key facts

  • 10% surge
  • ₹49.01 intraday high
  • ₹22,475.5 Cr m-cap
  • ₹780.24 Cr QIP
  • 21.75 Cr shares at ₹35.86
  • 56% oversubscribed
  • ₹1,500 Cr total raise plan
  • ₹225 Cr debt repayment
  • ₹335 Cr growth
  • FY26 net loss ₹1,833 Cr
  • FY26 revenue ₹2,460 Cr

Why this matters

Ola's ability to clear a discounted QIP signals reopened EV capital markets and creates a benchmark — and a competitive funding gap — for Ather, TVS and Bajaj's electric arms to navigate.

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