Ola Electric Mobility Approves Strategic Investments in Two Wholly Owned Subsidiaries
Ola Electric Mobility Limited announced that its Board of Directors, at a meeting held on May 15, 2026, approved strategic investments in two wholly owned subsidiaries: Ola Electric Technologies Private Limited (OET) and Ola Cell Technologies Private Limited (OCT). The fund infusions are designed to support the ongoing business requirements of both entities.Ola Electric Mobility Limited confirmed that both OCT and OET remain wholly owned subsidiaries of the Company following these investments. The Board approved the transactions, noting that the proposed investments are structured on an arm's length basis, and neither the Promoter nor the Promoter...