Ola Electric to seek board approval for equity rights issue on September 28
Ola Electric Mobility plans to seek board approval for an equity rights issue, signalling a near-term funding move. Separately, TRAI has directed telcos to offer voice-and-SMS-only plans, while Exide has commissioned phase one of its 6 GWh Bengaluru cell plant.
What happened
Ola Electric Mobility · Ola Electric will seek board approval on September 28 for an equity rights issue. TRAI has directed telecom operators including
Key facts
- 30 days
- September 28, 2026
- 6 GWh
Why this matters
Ola Electric’s funding move, alongside Exide’s new cell capacity, points to partnership and supply-chain opportunities across batteries, charging, retail distribution and after-sales EV services.