Overview
- Ola Electric told the NSE and BSE it routinely evaluates funding options and will disclose only material developments, responding to queries triggered by media reports.
- Earlier reports said the company is seeking up to ₹2,000 crore by selling a minority stake in Ola Cell Technologies, with Avendus Capital and Motilal Oswal running the process.
- Coverage citing unnamed sources said potential bidders include sovereign wealth funds and global infrastructure investors, with no official valuation disclosed.
- Ola Cell Technologies operates a Tamil Nadu lithium‑ion cell plant with 1.5 GWh in operation and a scale‑up target to 6 GWh this financial year, and it is producing the 4680‑format Bharat Cell.
- The reported effort follows weak recent metrics at Ola Electric, including a sharp year‑on‑year drop in Q3 FY26 revenue and deliveries, a previously approved but unrealized ₹1,500 crore QIP, and earlier intra‑group funding of ₹877.6 crore into Ola Electric Technologies.