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 Group holds any other interest in the said transactions.
The subsidiaries fall into distinct segments of the electric vehicle value chain. OCT is engaged in the business of manufacturing, processing, assembling, export, selling, repairing, and distribution of batteries/cells. Meanwhile, OET provides services across the electric vehicles value-chain and handles the manufacture and supply of electric vehicles.
Key details regarding the investment in both subsidiaries are presented below, including financial figures, required consideration, and operational background.
| Feature | Ola Cell Technologies Private Limited (OCT) | Ola Electric Technologies Private Limited (OET) |
|---|---|---|
| Purpose of Investment | To support business requirements. | To support business requirements. |
| Investment Consideration | Rs. 500 crores, comprising 50 Crores Compulsory Convertible Preference Shares of Rs. 10 each, at par. | Rs. 1500 crores, comprising 150 Crores Compulsory Convertible Preference Shares of Rs. 10 each, at par. |
| Projected Completion Timeline | On or before May 14, 2027. | On or before May 14, 2027. |
| OCT Business Focus | Manufacturing, processing, assembling, export, selling, repairing and distribution of batteries/cell. | Providing services across the electric vehicles value-chain, and manufacture and supply of electric vehicles. |
| OET Business Focus | N/A | Providing services across the electric vehicles value-chain, and manufacture and supply of electric vehicles. |
| OCT FY 2024-2025 Turnover | Rs. 73.00 crores. | Rs. 4,717.48 crores. |
| OET Incorporation Date | July 05, 2022 | January 06, 2021 |
| OCT Turnover (2022-23 to 2024-25) | 0.02 crores, 3.97 crores, 73.00 crores | 2,625.52 crores, 5,149.02 crores, 4,717.48 crores |
OLAELEC Stock Price Movement
Today, Ola Electric Mobility Limited shares slipped by 0.17% to settle at ₹35.94, shedding ₹0.06 from previous close. The stock witnessed significant trading activity, with the total volume reaching 35.29 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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