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Ola Electric Mobility Limited has approved a total investment of ₹2,000 crore into its two wholly owned subsidiaries as part of its expansion and business growth strategy. The company informed stock exchanges on May 15, 2026, that the investments will be made in Ola Electric Technologies Private Limited and Ola Cell Technologies Private Limited.
The board of directors has approved an investment of ₹1,500 crore in Ola Electric Technologies Private Limited, which handles the company’s EV value chain operations, including the manufacturing and supply of electric scooters. The investment will be made through the issuance of 150 crore compulsory convertible preference shares at a face value of ₹10 each. The subsidiary reported a turnover of ₹4,717.48 crore in FY25.
In addition, Ola Electric will invest ₹500 crore in Ola Cell Technologies Private Limited, the company’s battery cell manufacturing arm engaged in the processing, assembly, and distribution of battery cells. The funding will be carried out through 50 crore compulsory convertible preference shares priced at ₹10 each. The subsidiary recorded a turnover of ₹73 crore during FY25.
The company stated that both investments will be completed on or before May 14, 2027, through cash consideration. Ola Electric also confirmed that both entities will continue to remain wholly owned subsidiaries, with the parent company retaining full ownership and control over the businesses.
