Ola Electric pumps Rs 2,000 Cr into manufacturing arms OET and OCT via CCPS
Board approves Rs 1,500 Cr infusion into Ola Electric Technologies and Rs 500 Cr into Ola Cell Technologies, doubling down on EV and battery vertical integration. Move comes as April market share recovers to 8.18%, though Q3 FY26 revenue of Rs 470 Cr reflects a 55% YoY decline.
What happened
Ola Electric's board approved a Rs 2,000 crore infusion via CCPS into wholly-owned subsidiaries OET (Rs 1,500 cr, EV manufacturing) and OCT (Rs 500 cr, cell
Key facts
- Rs 2,000 crore
- Rs 1,500 crore
- Rs 500 crore
- Rs 4,717.48 crore FY25 turnover OET
- Rs 73 crore FY25 turnover OCT
- 8.18% market share April
- Rs 470 crore Q3 FY26 revenue
- 55% revenue decline
Why this matters
Ola's CCPS-funded push into in-house cells and EV tech tightens its supply chain moat and could reshape partnership or acquisition dynamics across the Indian battery ecosystem.
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- Entrackr — Same time