Ola Electric Unveils Massive Investment to Boost EV and Battery Operations
Ola Electric Mobility Ltd has announced a substantial investment of Rs 2,000 crore into its subsidiaries, Ola Electric Technologies and Ola Cell Technologies. The funds aim to enhance electric vehicle and battery manufacturing capabilities. The investments are set for completion by May 14, 2027.
Ola Electric Mobility Ltd has earmarked an ambitious Rs 2,000 crore investment to strengthen its two subsidiaries—Ola Electric Technologies Pvt and Ola Cell Technologies Pvt Ltd.
The company's board sanctioned this significant funding during a meeting on May 15, 2026, with Rs 500 crore allocated to Ola Cell Technologies and Rs 1,500 crore directed to Ola Electric Technologies.
This financial infusion aims to bolster the business operations of both entities, with plans projected for completion by May 14, 2027. Ola Cell Technologies focuses on battery-related services, while Ola Electric Technologies covers the electric vehicles value-chain.
(With inputs from agencies.)
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