Ola Electric Gets Shareholders’ Nod For INR 1,500 Cr Fundraise

, By INC42
Ola Electric Gets Shareholders’ Nod For INR 1,500 Cr Fundraise
Mobility

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SUMMARY

Ola Electric plans to deploy the freshly raised funds to ramp up the cell business, expand battery energy storage systems, strengthen post sales production, and new product development

The company said it received the shareholders’ nod to raise the funds through issuance of securities via further public offer, rights issue, QIP, private placement and/ or any other permitted modes

In its Q2 FY26 shareholders’ letter, the company said it has commissioned cell capacity of 2.5 GWh and expects to reach 5.9 GWh by March 2026 and…



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Ola Electric Gets Shareholders’ Nod For INR 1,500 Cr Fundraise

, Published By INC42
Ola Electric Gets Shareholders’ Nod For INR 1,500 Cr Fundraise
Mobility


SUMMARY

Ola Electric plans to deploy the freshly raised funds to ramp up the cell business, expand battery energy storage systems, strengthen post sales production, and new product development

The company said it received the shareholders’ nod to raise the funds through issuance of securities via further public offer, rights issue, QIP, private placement and/ or any other permitted modes

In its Q2 FY26 shareholders’ letter, the company said it has commissioned cell capacity of 2.5 GWh and expects to reach 5.9 GWh by March 2026 and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Meesho IPO: There’s no slowdown, India among the least penetrated ecommerce markets globally: CEO Vidit Aatrey
Next News
Bright Ideas, Brilliant Future: LED Expo New Delhi 2025 Opens Its Doors
INC42

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