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The issue received bids worth about Rs 780 crore, with demand from long-only investors, including global names such as Goldman Sachs and BNP Climate Fund, alongside Indian mutual funds.
Happy Friday! Ola Electric has raised fresh capital through a QIP. This and more in today's ETtech Morning Dispatch.
Ola Electric Mobility has raised about Rs 780 crore through a qualified institutions placement, marking a significant capital infusion
Ola Electric Mobility has secured approximately Rs 780 crore through a qualified institutional placement, aiming to bolster its recovery efforts and market share. The funds will be used to repay borrowings, fuel growth, and cover general corporate needs. This comes as the company navigates a challen
Electric vehicle maker Ola Electric has closed its qualified institutional placement (QIP) fund raise. In its disclosure today, the company…
Zee Secures FIFA Rights For India After months of stalemate, Zee has finally bagged the India media rights for major…
Ola Electric has launched its qualified institutional placement (QIP) to bolster its position in the E2W market. The company has…
Ola Electric has launched a qualified institutional placement (QIP) with a floor price of Rs 37.74 per share to raise funds amidst challenges like slowing sales and shrinking market share. The company aims to navigate these issues by doubling down on localization and vertical integration, with a foc
After contracting 20% month-on-month (MoM) in April, electric two-wheeler (E2W) registrations saw an 8.4% jump in May to 1.70 Lakh…
Shares of Ola Electric surged over 9% during the intraday trading on the BSE, hitting a high of ₹42.84 as…
Sources said the company received approval for the new vehicle in early February and is expected to launch the model in the coming quarters.
The vehicle appears to be based on Ola Electric's existing S1 platform, configured for commercial use cases such as food delivery, quick-commerce logistics and urban fleet operations.
According to VAHAN data, Ola Electric has recorded about 22,600 registrations so far in Q1 FY27, exceeding the 22,221 units registered in Q4 FY26 with around 40 days still remaining in the quarter.
Speaking at the company's Q4 and FY26 earnings conference call, Founder and CEO Bhavish Aggarwal said Ola had used the past few quarters to fix execution issues and strengthen the business before scaling again.
Shares of Ola Electric fell as much as 5.7% to touch an intraday low of ₹34.8 on the BSE today…
According to data from the Crime in India 2024 report by the National Crime Records Bureau (NCRB), India recorded 5,737 dowry deaths in 2024.
Ola Electric's net loss of Rs 500 crore for the quarter ended March 31, down 42.5% from a loss of Rs 870 crore in the same period a year earlier. The improvement came despite a modest sequential uptick in losses of about 3% from the prior quarter.
EV company Ola Electric managed to trim its consolidated net loss in the fourth quarter of FY26 (Q4 FY26) by…
The Bhavish Aggarwal-led company’s revenue from operations during the quarter declined 56.6% year-on-year (YoY) to Rs 265 crore from Rs 611 crore a year earlier, according to the company’s filing.
Days ahead of its Q4 financial disclosures, EV major Ola Electric’s board has cleared a cumulative investment of ₹2,000 Cr…
