Ola Electric pumps Rs 2,000 cr into EV, battery cell subsidiaries to defend turf
Board approved Rs 1,500 cr into Ola Electric Technologies (EV manufacturing) and Rs 500 cr into Ola Cell Technologies (battery cells) via CCPS, with deployment by May 2027. Move comes as FY25 turnover hit Rs 4,717.48 cr but competition from TVS, Bajaj and Ather intensifies.
What happened
Ola Electric's board approved Rs 2,000 crore investment into wholly-owned subsidiaries—Rs 1,500 crore into Ola Electric Technologies (EV manufacturing) and Rs
Key facts
- Rs 2,000 crore
- Rs 1,500 crore
- Rs 500 crore
- Rs 4,717.48 crore FY25 turnover
- Rs 73 crore revenue
- Rs 36.02 share price
Why this matters
The dual-subsidiary capital structure (EV + cells) gives Ola optionality for separate strategic partners or carve-outs later, while the May 2027 deployment timeline sets a clear window for benchmarking battery localization progress against PLI-backed rivals.