Ola Electric Mobility Limited has announced a significant investment in its wholly-owned subsidiaries, Ola Electric Technologies Private Limited (OET) and Ola Cell Technologies Private Limited (OCT).
The decision was made during a board meeting held on May 15, 2026, aiming to bolster the business operations of these entities.
Ola Electric has approved an investment of ₹1,500 crore in OET and ₹500 crore in OCT. This investment will be made through the acquisition of Compulsory Convertible Preference Shares (CCPS) at ₹10 each.
The funds are intended to support the business requirements of both subsidiaries, ensuring they remain key players in their respective sectors.
OET is involved in providing services across the electric vehicles value chain and the manufacture and supply of electric vehicles.
Its turnover for the financial year 2024-25 was ₹4,717.48 crore. OCT, on the other hand, focuses on the manufacturing, processing, and distribution of batteries and cells, with a turnover of ₹73 crore for the same period.
The investment will be completed through cash consideration, with the entire process expected to conclude by May 14, 2027.
Post-investment, Ola Electric will maintain 100% control over both subsidiaries, ensuring they remain integral parts of the company's strategic framework.
Read More: Ola Electric Share Price in Focus; Company in Talks with Global Automakers for Battery Cell Supply!
OET was incorporated on January 6, 2021, and has shown substantial growth in its turnover over the past three years.
OCT, incorporated on July 5, 2022, has also demonstrated significant progress, with its turnover increasing from ₹0.02 crore in 2022-23 to ₹73 crore in 2024-25.
As of May 15, 2026, at 2:24 PM, Ola Electric Mobility share price on NSE was trading at ₹36.01 up by 0.03% from the previous closing price.
Ola Electric's investment in OET and OCT underscores its commitment to strengthening its subsidiaries' business capabilities. By maintaining full control, the company ensures alignment with its broader strategic objectives in the electric vehicle and battery sectors.
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Published on: May 15, 2026, 3:03 PM IST
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