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Ola Electric board to mulls Rs 1,000 crore rights issue next week
(29 Sep 2026)

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The announcement was made after market hours on Monday (28 September 2026).

Ola Electric Mobility is an electric vehicle manufacturer with vertically integrated capabilities across EVs, battery cells and related technologies. The company operates its manufacturing facility in Tamil Nadu and a battery innovation centre in Bengaluru focused on cell and battery technology.

The company had reported a net loss of Rs 336 crore in Q1 FY27, compared with a net loss of Rs 426 crore in Q1 FY26. Revenue from operations declined 45.0% year-on-year (YoY) to Rs 455 crore in Q1 FY27 as against Rs 828 crore in Q1 FY26.

The scrip declined 3.49% to currently trade at Rs 36.55 on the BSE.

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