Ola Electric pulls Rs 780 Cr via QIP, oversubscribed 56% by global and Indian institutions

Goldman Sachs, BNP Climate Fund, and four Indian mutual funds anchored the issue, priced at Rs 35.86 against a Rs 37.74 floor. Capital earmarked for EV expansion, battery tech, and manufacturing scale-up — a balance-sheet reset as the stock closed at Rs 43.06 amid volatile markets.

— Source publishedFri, 5 Jun, 2026, 11:51 IST·First seen Fri, 5 Jun, 2026, 12:00 IST·Source YourStory · Capital

What happened

Ola Electric raised Rs 780 crore via a QIP oversubscribed 56%, drawing global and Indian institutional investors. Proceeds will fund EV expansion, battery tech,

Key facts

  • Rs 780 crore
  • 56% oversubscribed
  • Rs 35.86 indicative price
  • Rs 43.06 closing price
  • Rs 37.74 floor price

Why this matters

Strengthened balance sheet positions Ola to pursue battery tech partnerships or vertical M&A while peers tighten EV capex amid market volatility.

Also reported by