Ola Electric Seeks to Raise Up to Rs 1,500 Crore through Equity and Convertible Securities

Strategic Insights -

Ola Electric Mobility, a leading electric two-wheeler maker, is seeking to raise up to Rs 1,500 crore through a mix of equity shares and convertible securities. The fundraising plan is subject to shareholder approval and regulatory clearances. The company's board has approved the proposal, which may be carried out via various modes, including rights issue, qualified institutional placement, private placement, and others. This move comes amid a decline in investor stakes, including those of SoftBank, Z47, Tiger Global Management, and others, who have reduced their stakes in the company earlier this year.

Key Takeaways:

  • Ola Electric Mobility plans to raise up to Rs 1,500 crore through a mix of equity shares and convertible securities, subject to shareholder approval and regulatory clearances.
  • The fundraising plan may be carried out via various modes, including rights issue, qualified institutional placement, private placement, and others.
  • This is the company's second major fundraising exercise, following the approval of plans to raise up to Rs 1,700 crore via non-convertible debentures and other debt instruments in May 2025.
  • The company's largest shareholders include Bhavish Aggarwal, SoftBank, Z47, Tiger Global Management, and others.
  • Ola Electric's market capitalisation stands at Rs 22,150 crore.

Statistics:

  • Ola Electric plans to raise up to Rs 1,500 crore through equity and convertible securities.
  • The company's market capitalisation stands at Rs 22,150 crore.
  • Ola Electric's shares ended at Rs 52.92, 1.43% lower from the previous closing day close of Rs 53.67, on the NSE.

Sources:

  • A filing by Ola Electric with the Stock Exchanges on Saturday (no date mentioned)
  • ET reported (originally published on [no date mentioned])