Ola Electric Powers Up EV Ambition! Board Approves Massive ₹1,500 Crore Fundraise for Gigafactory and Future Expansion
Ola Electric Accelerates 'End ICE Age' Mission with ₹1,500 Crore Capital Injection
In a clear statement of aggressive intent in the burgeoning EV market India, Ola Electric Mobility Ltd has announced a major financial booster. The board of the leading electric two-wheeler manufacturer has officially approved a proposal to raise up to ₹1,500 crore through an issuance of shares and convertible securities.
The landmark decision, taken at the board meeting on October 25, 2025, positions Ola Electric to significantly accelerate its strategic growth initiatives amidst intense market competition.
Strategic Deployment of the ₹1,500 Crore Capital
This substantial fundraising move will be instrumental in funding Ola Electric's "Charged-Up Game Plan" and strengthening its vertically integrated operations. Key areas where the ₹1,500 crore is expected to be deployed include :
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Gigafactory Scaling : Boosting capacity and accelerating the construction of India's first large-scale lithium-ion Cell Manufacturing facility, crucial for localizing the EV supply chain.
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Product Roadmap : Fueling the research and development (R&D) for the next generation of electric scooter models, as well as its planned electric motorcycles and potential four-wheelers.
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Futurefactory Expansion : Enhancing production efficiency and capacity at the Ola Futurefactory in Tamil Nadu to meet surging demand in the electric vehicle segment.
The capital may be raised via routes such as a Qualified Institutional Placement (QIP), rights issue, or private placement, providing the company with the flexibility needed to optimize its capital structure.
Commitment to Market Leadership
Despite recent industry headwinds, including increased competition from rivals like TVS and Bajaj, this ₹1,500 crore fundraise underscores founder Bhavish Aggarwal's commitment to maintaining market leadership.
The investment confirms that Ola Electric is not only focused on selling electric two-wheelers today but is securing the financial muscle required to execute its long-term vision of making India a global EV hub, effectively pushing the country toward the "End ICE Age."