Ola Electric Raises Rs 780 Crore via QIP, 56% Oversubscribed Above Rs 500 Crore Target

Ola Electric priced its QIP at Rs 35.86 per share, allotting 21.8 crore shares to institutional investors including Mirae Asset, Motilal Oswal and JM Financial. Proceeds will shore up the balance sheet and fund manufacturing scale-up to 6 GWh by FY27, against a Q4 net loss of Rs 500 crore on Rs 265 crore revenue.

— Source publishedThu, 4 Jun, 2026, 21:52 IST·First seen Thu, 4 Jun, 2026, 22:41 IST·Source NDTV Profit

What happened

Ola Electric raised Rs 780 crore via QIP at Rs 35.86 per share, 56% oversubscribed, exceeding its Rs 500 crore target. Funds will strengthen balance sheet and

Key facts

  • Rs 780 crore
  • 21.8 crore shares
  • Rs 35.86 per share
  • 56% oversubscription
  • Rs 500 crore Q4 net loss
  • Rs 265 crore Q4 revenue
  • 6 GWh FY27 capacity

Why this matters

Ola Electric's recapitalization at distressed pricing creates a window to evaluate battery cell partnerships or distressed-asset acquisitions in the EV two-wheeler supply chain as weaker competitors face funding pressure.