Ola Electric to Pump ₹2,000 Cr into EV, Cell Manufacturing Subsidiaries Amid Revenue Slide
Board approves ₹1,500 Cr infusion into Ola Electric Technologies and ₹500 Cr into Ola Cell Technologies, completion by May 15, 2027. Move precedes Q4 FY26 results on May 18, comes after ICRA downgrade and Q3 net loss of ₹487 Cr on revenue down 55% YoY to ₹470 Cr. Cash reserves stand at ₹1,991 Cr.
What happened
Ola Electric's board approved ₹2,000 Cr infusion into its EV manufacturing (₹1,500 Cr) and cell manufacturing (₹500 Cr) subsidiaries ahead of Q4 FY26 results,
Key facts
- ₹2,000 Cr investment
- ₹1,500 Cr to OET
- ₹500 Cr to OCT
- OET FY25 turnover ₹4,717.48 Cr (-8% YoY)
- OCT FY25 turnover ₹73 Cr
- Q3 FY26 net loss ₹487 Cr (-14% YoY)
- Q3 revenue ₹470 Cr (-55% YoY)
- Cash ₹1,991 Cr
- Stock ₹35.7 (-0.84%)
Why this matters
The pre-results capital commitment to in-house cell manufacturing entrenches Ola's vertical play and raises the bar for partnership or supply deals, while distressed valuations could open inbound M&A conversations if the revenue slide persists.
Also reported by
- Inc42 — Same time