Ola Electric Technologies Allots ₹250 Crore Worth of Series A OCRPS to Ola Cell Technologies

Bengaluru, October 30, 2025 – Ola Electric Mobility Ltd (NSE: OLAELEC BSE: 544225) said its wholly-owned subsidiary, Ola Electric Technologies Pvt Ltd, has approved the issuance of the second tranche of 25 crore Series A Optionally Convertible Redeemable Preference Shares OCRPS to its Group Company, viz. Ola Cell Technologies Pvt Ltd, on a private placement basis.

₹250 Crore Infusion to Boost Battery Arm

Ola Electric Mobility Ltd has approved a preferential allotment of 25 crore Series A optionally convertible redeemable preference shares to its group company, Ola Cell Technologies Pvt Ltd, for an aggregate consideration of ₹250 crore.

Each share has a face value of ₹10, is issued at ₹10 each, and represents 0.001% of the non-cumulative, non-participating Series A OCRPS. The issue was fully subscribed, with funds set to be infused in multiple tranches.

The transaction was sealed in the board meeting of the company, which started at 3:30 pm and lasted till 4:00 pm (IST), on October 29, 2025, through a private placement with one investor. The capital is likely to bolster the financials of Ola Electric, which is rapidly expanding its electric vehicle and battery manufacturing ecosystem in India.

This allotment follows the company’s strategic move of reallocating IPO proceeds and thus strengthening the key subsidiaries involved in battery technology and cell manufacturing. As part of the push toward indigenous electric mobility solutions, Ola Electric has been expanding its capabilities for vertical integration. Further tranches of OCRPS allotment shall be announced as and when additional funds are infused by the parent company through its subsidiaries.

Share Price Update and Market Update

At 10:19 am, the share price of Ola Electric Mobility was trading at ₹51.25, down 0.72% on Thursday. The stock opened at ₹51.40 apiece on Thursday, following which it moved within a range and oscillated between a high of ₹51.60 and a low of ₹51.00 in early trade. As of now, the company has a market capitalisation of ₹21,460 crore.

The stock was trading at its 52-week high of ₹102.50 and a 52-week low of ₹39.60 a year back. In the last year, Ola Electric Mobility shares have slipped 35%, risen 5.26% in the past six months, and slipped 4.26% in the last five days.

Ola Electric Expands EV Footprint

Ola Electric Mobility Ltd is considered one of the leading electric mobility companies in the country, with a flagship factory based in Bengaluru. It is listed on NSE and BSE, functioning through several subsidiaries for electric two-wheelers, battery technologies, and advanced cell manufacturing. The EV ecosystem of Ola keeps expanding through backward integration and sustainable energy initiatives.

REF: https://nsearchives.nseindia.com/corporate/OLAELECTRIC_30102025022223_Draft_SE_Intimation_Post_Allotment_OET.pdf

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