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6 hours ago
Ola Electric To Raise ₹2,000 Cr By Selling Stake In Ola Cell Technologies: Report
Summary
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
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Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
The company would sell a minority stake to financial investors for fundraise, and Ola Electric is in discussions with sovereign wealth funds and global infrastructure investors
Investment banks Avendus Capital and Motilal Oswal have been mandated to run the fundraising process
Shares of Ola Electric ended today’s trading session 5.28% higher at ₹24.32
Listed EV company Ola Electric is reportedly set to raise up to ₹2,000 Cr (around $216.8 Mn) by selling a portion of stake in its battery subsidiary, Ola Cell Technologies (OCT).
As per a report by Moneycontrol, the fundraise would see the company sell a minority stake to financial investors. As per a report by ET, the company is in discussions with sovereign wealth funds and global infrastructure investors. Investment banks Avendus Capital and Motilal Oswal have been mandated to run the fundraising process, as per the report.
Ola Electric declined to comment on Inc42’s queries on the development. The BSE has also sought a clarification from the company on this. The story will be updated based on the company’s response.
Important to mention that the Bhavish Aggarwal-led company has been mulling fresh capital raise for some time now. In November 2025, the company’s board approved the raise of ₹1,500 Cr via a qualified institutional placement (QIP). However, nothing has panned out on this front till now.
The new fundraise plans come at a time when Ola Electric’s shares are under selling pressure primarily due to the company’s declining financial performance. In the third quarter of FY26, the EV company’s operating revenue plunged 55% YoY and 32% QoQ to ₹470 Cr. Meanwhile, it managed to trim its net loss by 14% YoY to ₹418 Cr.
In the quarter, it delivered 32,680 E2Ws in Q3 FY26, a 61% drop from 84,029 units delivered in the year-ago quarter.
The declining sales have also hit Ola Electric’s cash balance. In the quarter, the company’s auditor highlighted its negative cash flow from operations of ₹866 Cr during the nine-months period ended December 31, 2025, primarily on account of continued operating losses and lower-than expected growth in sales volume.
In the past, Ola Electric has raised capital from OCT for its vehicle manufacturing and technology business. In October, Ola Electric announced that OCT would be investing ₹877.6 Cr in its other material subsidiary Ola Electric Technologies Pvt Ltd.
Ola Cell Technologies’ board today approved the investment by way of subscription of 87.76 Lakh non-cumulative and non-participating 0.001% Series A optionally convertible redeemable preference shares of Ola Electric Technologies.
This investment was part of Ola Electric’s plans to alter the use of ₹5,500 Cr it raised from its IPO last year.
Shares of Ola Electric ended today’s trading session 5.28% higher at ₹24.32.
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ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
The company would sell a minority stake to financial investors for fundraise, and Ola Electric is in discussions with sovereign wealth funds and global infrastructure investors
Investment banks Avendus Capital and Motilal Oswal have been mandated to run the fundraising process
Shares of Ola Electric ended today’s trading session 5.28% higher at ₹24.32
Listed EV company Ola Electric is reportedly set to raise up to ₹2,000 Cr (around $216.8 Mn) by selling a portion of stake in its battery subsidiary, Ola Cell Technologies (OCT).
As per a report by Moneycontrol, the fundraise would see the company sell a minority stake to financial investors. As per a report by ET, the company is in discussions with sovereign wealth funds and global infrastructure investors. Investment banks Avendus Capital and Motilal Oswal have been mandated to run the fundraising process, as per the report.
Ola Electric declined to comment on Inc42’s queries on the development. The BSE has also sought a clarification from the company on this. The story will be updated based on the company’s response.
Important to mention that the Bhavish Aggarwal-led company has been mulling fresh capital raise for some time now. In November 2025, the company’s board approved the raise of ₹1,500 Cr via a qualified institutional placement (QIP). However, nothing has panned out on this front till now.
The new fundraise plans come at a time when Ola Electric’s shares are under selling pressure primarily due to the company’s declining financial performance. In the third quarter of FY26, the EV company’s operating revenue plunged 55% YoY and 32% QoQ to ₹470 Cr. Meanwhile, it managed to trim its net loss by 14% YoY to ₹418 Cr.
In the quarter, it delivered 32,680 E2Ws in Q3 FY26, a 61% drop from 84,029 units delivered in the year-ago quarter.
The declining sales have also hit Ola Electric’s cash balance. In the quarter, the company’s auditor highlighted its negative cash flow from operations of ₹866 Cr during the nine-months period ended December 31, 2025, primarily on account of continued operating losses and lower-than expected growth in sales volume.
In the past, Ola Electric has raised capital from OCT for its vehicle manufacturing and technology business. In October, Ola Electric announced that OCT would be investing ₹877.6 Cr in its other material subsidiary Ola Electric Technologies Pvt Ltd.
Ola Cell Technologies’ board today approved the investment by way of subscription of 87.76 Lakh non-cumulative and non-participating 0.001% Series A optionally convertible redeemable preference shares of Ola Electric Technologies.
This investment was part of Ola Electric’s plans to alter the use of ₹5,500 Cr it raised from its IPO last year.
Shares of Ola Electric ended today’s trading session 5.28% higher at ₹24.32.
Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the
hottest startup deals, supercharge your innovation projects, and stay updated with expert
curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
Explore 75,000+ startups, 3,500+ investors, 25,000+ funding rounds and more. Build shortlists and export them instantly.
Login or create a free account to continue reading in private mode.
AI Description
Ola Electric is reportedly planning to raise up to ₹2,000 Cr by selling a stake in Ola Cell Technologies. This move is part of the company's strategy to bolster its financial position and support its growth in the electric vehicle sector.