Notably, the rights issue will open for subscription on October 22, and close on October 30.
EV penetration in passenger vehicles rises to 8.5 per cent as electric two-wheeler sales climb 88.7 per cent and established manufacturers capture more market growth.
20 crore shares pledged against Krutrim Data Centre debentures to fund Aggarwal's subscription to the issue
Ola Electric shares declined over 3 per cent after the board's nod to raise ₹1,000 crore via a rights issue.
Ola shares remain 4 per cent higher in 2026 so far, but have lost 30 per cent in a year.
Share price of Ola Electric Mobility surged 86% from its 52-week low of ₹22.25 hit in March 2026.
Ola Electric was among the most actively traded stocks by volume, according to data available on the NSE, ranking third behind Vodafone Idea and PC Jewellers.
Ola Electric on Friday announced the launch of its first cohort of network-partner stores, with dealer-operated outlets in the states of Rajasthan, Tamil Nadu, Maharashtra, Bihar, Telangana, Uttar Pradesh & Madhya Pradesh going live. The stores deepen the company's presence in key regional markets and will serve local demand for Ola scooters and motorcycles in their local markets. The inauguration marks a structural shift in the company's retail strategy. On August 6, Ola Electric opened its sales and service network to dealer partners for the first time, five years after launching its first scooter through a fully company-owned model. Within a month of that announcement today, the first partner stores are open and serving customers, a testament to strong dealer interest in its product portfolio. The transition to a partner-led distribution network enables stronger local market penetration, improved accessibility, and faster customer response across geographies. Manoj Murali, ...
The latest PLI sanction gives Ola Electric incremental liquidity as the company works to lower operating losses and reduce cash consumption
Ola Electric launches the S1Z, bringing its indigenous Bharat Cell LFP technology to affordable electric scooters.
Ola Electric has unveiled an ambitious expansion of its 'Shakti' energy storage portfolio, designed to store energy when it is available and deploy it when it is needed, from keeping a home powered through an outage to managing renewable energy at grid scale. The unveiling was done on India's 80th Independence Day, Ola Electric said in a statement. Built around indigenous LFP battery technology and the company's vertically integrated cell-to-system capabilities, Ola Shakti creates a single architecture across three markets: home energy with Shakti Gen2, commercial and infrastructure energy with Shakti Rack, and industrial and utility-scale energy with Mahashakti, it added. "The use cases of our world-class battery and cell technology will manifest beyond electric mobility," said Bhavish Aggarwal, Chairman and Managing Director, Ola Electric. He further said,"Ola Shakti extends that innovation across every scale, from the home to the grid, helping India store and use clean energy ..
Ola Electric said the Ministry of Heavy Industries (MHI) has approved the revised timeline, which allows the company to receive PLI incentives on a quarterly basis, beginning next quarter.
Emkay retained a 'Sell' call on Ola's stock with a target price of Rs 30 (down 26.8 per cent from last close) and opted to play the E-2W theme via Ather and TVS.
Vodafone Idea, Bosch, Amara Raja Energy & Mobility, Hindustan Copper, Bharat Forge among firms to report Q1FY27 result today.
Vehicle deliveries nearly doubled sequentially to 39,192 units and market share recovered to 8.4 per cent, even as revenue declined 45 per cent from a year earlier
The results come as demand for electric two-wheelers remains strong in India, with analysts expecting the segment to continue gaining share of the broader two-wheeler market
Ola Electric on Thursday announced it is opening its sales and service network to dealer partners across India. This marks a structural shift in the company's go-to-market approach, five years after it launched its first electric scooters, Ola Electric said in a statement. Ola Electric built its early growth through company owned stores, using them to build EV awareness, establish the brand, and create India's largest EV two-wheeler customer base of over 10 lakh riders. As the EV industry has matured and consumer acceptance has grown, the company is now evolving this model, it added. Over the coming months, the company stores will transition to focus on brand and product experience, while dealer partners will become the backbone of local sales, service and scale across the country, the company said. The move follows a month of on ground engagement with dealers nationwide. Ola Electric said the response has been strong, with dealers expressing confidence that the company's product
Ola Electric Mobility said that it has signed a Memorandum of Understanding (MoU) with Axis Energy outlining the potential deployment of up to 20 GWh of battery energy storage systems by 2032.
The Axis Energy MoU marks Ola Electric's first commercial partnership for its upcoming utility-scale battery energy storage systems platform launch on August 15
Ola Electric on Wednesday said its electric two-wheeler registrations nearly doubled sequentially in the April-June quarter, aided by improving retail execution, stronger product availability and sustained demand. The company registered 43,719 vehicles in the first quarter of FY2026, up from 22,252 units in the January-March quarter, according to the government VAHAN registration data cited by the company. June vehicle registrations stood at 16,144 units, the highest monthly tally in recent quarters, capping a quarter of steady recovery in sales momentum. "The sustained momentum reflects the success of our operational improvements, strong product portfolio and continued customer preference for Ola Electric," a company spokesperson said. The Bengaluru-based electric scooter maker said the sequential growth was driven by improvements in retail execution, customer demand and product availability following operational initiatives undertaken over recent quarters. Ola Electric said it .