Ola Electric Mobility Ltd

Ola Electric Mobility Limited successfully raised approximately ₹780.24 crore through a Qualified Institutions Placement (QIP). The company's Fund Raising Committee approved the allotment of 217,578,428 equity shares at an issue price of ₹35.86 per share. This issuance increases the company's paid-up equity share capital and was made to eligible qualified institutional buyers. The issue price reflects a discount to the floor price determined as per SEBI regulations. The total amount raised aggregates to ₹780.24 crore.

Ola Electric Mobility Limited announced the successful completion of its fund-raising initiative following a meeting of its Fund Raising Committee on June 4, 2026. The committee approved the closure of the issue after receiving applications and funds from eligible Qualified Institutional Buyers (QIBs). A total of 217,578,428 equity shares were allocated at an issue price of ₹35.86 per share, which includes a premium and a discount to the floor price. The company will issue a placement document and has made it available on its website. This move signifies a successful capital infusion for the company.

Ola Electric Mobility Ltd's fund raising committee approved the opening of an issue, adopted a preliminary placement document, and set the floor price at ₹37.74 per equity share. The "Relevant Date" for determining the floor price is June 1, 2026. The company may offer a discount of up to 5% on the floor price. The trading window is closed until 48 hours after issue price determination.

Ola Electric Mobility Limited reported a 23% month-on-month growth in May 2026, registering 15,139 units compared to 12,323 units in April, according to VAHAN data. This growth significantly outpaces the industry average of 15%. The company attributes this performance to a retail rejig and better operational execution, amidst rising petrol prices and a broader market shift to electric vehicles. Ola Electric focuses on expanding EV penetration through technology, scale, and its vertically integrated manufacturing platform.

Ola Electric Mobility Ltd. reported FY26 volumes were lower than expected but fundamentals strengthened. Q4 saw industry-leading gross margins of 38.5%, up from 34.3% in Q3 and 13.7% last year, and the first operating cash-flow positive quarter with consolidated CFO at ₹91 crore. Auto delivered ₹213 crore CFO and ₹173 crore FCF. The company expects Q1 FY27 revenue of ₹500–550 crore with 40,000–45,000 orders. Ola is scaling up its Gigafactory, with 2.5 GWh operational capacity and plans to transition the full vehicle portfolio to own cells by September 2026.

Ola Electric Mobility Ltd has released its Key Performance Indicator (KPI) Databook for Q4 and the financial year ended March 31, 2026. Key metrics include orders, registrations, and deliveries. The databook also provides a breakdown of financials for the automotive and cell segments, as well as consolidated figures, including revenue from operations, gross margin, operating expenses, operating EBITDA, and PAT. Q4 FY26 revenue from operations stood at ₹264 Cr.

Ola Electric announced its Q4 and FY26 results, highlighting its first operating cash flow positive quarter with a consolidated CFO of ₹91 Cr. The company's Q4 FY26 consolidated gross margin expanded to 38.5%, up from 34.3% in Q3 FY26 and 13.7% in Q4 FY25. April registrations rose 20% MoM, even as the broader E2W industry declined over 22%. The company's consolidated revenue from operations stood at ₹265 Cr in Q4 FY26 and ₹2,253 Cr for FY26.

Ola Electric Mobility Limited has filed its financial results for the quarter and financial year ended March 31, 2026, with the stock exchange. The results, both standalone and consolidated, were approved by the Board of Directors at a meeting held on May 20, 2026, following an audit by B S R & Co. LLP, Chartered Accountants. The board meeting commenced at 02:45 PM (IST) and concluded at 03:15 PM (IST).

Ola Electric Mobility Ltd. reported a reset year in FY26, focusing on strengthening business fundamentals. Q4 FY26 marked a low volume quarter but showed positive results, including a gross margin of 38.5%, reduced operating expenses and cash burn, stabilized service, and sales recovery. Consolidated CFO was ₹91 crore, and Auto delivered ₹213 crore CFO. The company is focused on scaling the Gigafactory and building its energy storage business in FY27.

Ola Electric Mobility Limited's board approved the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, during its meeting on May 20, 2026. The audit reports were issued by M/s. B S R & Co. LLP, Chartered Accountants. The board meeting commenced at 02:45 PM (IST) and concluded at 03:15 PM (IST).