Ola Electric Board Approves ₹1,500 Crore Fund Raise Plan

Board approved an enabling resolution to raise up to Rs 1,500 Cr through equity or convertible securities, subject to shareholder and regulatory approvals; COO resigned effective September 5, 2026. The proposed raise is a material step-up in external funding, consistent with Ola Electric's ongoing cash-burn and capital needs. Potential dilution is negative; issue mode, pricing, timing, use of proceeds and final dilution remain undisclosed. Authorised share capital will also increase, subject to approval.