Investment15 May 2026, 01:48 pm
Ola Electric to Invest ₹2000 Cr in Subsidiaries
AI Summary
Ola Electric Mobility Ltd's board approved an investment of ₹2000 crores in its wholly-owned subsidiaries, Ola Electric Technologies Private Limited (OET) and Ola Cell Technologies Private Limited (OCT). ₹500 crores will be invested in OCT and ₹1500 crores in OET through compulsory convertible preference shares. The investments aim to support the business requirements of both subsidiaries. OCT's FY25 turnover was ₹73.00 crores, while OET's was ₹4,717.48 crores. The investments are expected to be completed by May 14, 2027.
Key Highlights
- Ola Electric to invest ₹500 Cr in Ola Cell Technologies (OCT).
- Ola Electric to invest ₹1500 Cr in Ola Electric Technologies (OET).
- Investments will be made through compulsory convertible preference shares.
- OCT's FY25 turnover was ₹73.00 crores; OET's was ₹4,717.48 crores.
- Investments are expected to be completed by May 14, 2027.