Ola Electric announces ₹2000cr for EV and battery cell manufacturing
NewsBytes | May 15, 2026 6:40 PM CST
Ola Electric splits ₹1500cr/₹500cr EVs/cells
Most of the funds (₹1,500 crore) are headed to Ola Electric Technologies for making more EVs and improving services, while ₹500 crore will power up battery cell manufacturing at Ola Cell Technologies.
Both companies are fully owned by Ola and have shown solid growth (in FY25 (the 2024-25 financial year), the EV arm reported turnover of ₹4,717.48 crore).
This investment is set to wrap up by May 2027 and shows Ola doubling down on its electric future.
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