Ola Electric Aims First Capital Raise Since Ola IPO

Neha KamathMay 20, 2025

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Three points you will get to know in this article:

On May 22, the board of Ola Electric will convene to deliberate on a proposal for fundraising through the issuance of NCDs.
Nonetheless, particulars like the round’s size and the investors’ identities remain undisclosed.
At 11:11 AM, Ola Electric’s shares were trading at INR 52.01 each on the BSE, reflecting a decrease of 1.05% from the previous close.

Ola Electric Board to Meet on May 22 to Discuss Fundraising Proposal

Ola Electric, under the leadership of Bhavish Aggarwal, is contemplating the acquisition of new funding in light of a drop in its stock value and increasing regulatory examination regarding a possible inconsistency between its sales figures and true vehicle registrations.

Ola Electric’s board will convene on May 22 to deliberate on a proposal for raising funds through the issuance of non-convertible debentures (NCDs) or other instruments, in one or multiple tranches, as stated by the company in an exchange filing.

The size of the round and the identities of the investors remain undisclosed, however.

Company Faces Stock Decline and Regulatory Scrutiny Ahead of Potential Capital Raise

Ola Electric shares were trading at INR 52.01 each on the BSE at 11:11 AM, reflecting a decrease of 1.05% from the previous closing price. Over the past six months, the stock has plummeted by more than 20% and is now trading almost 32% below its initial listing price of INR 76.

It is worth mentioning that, if the board approves it, this development will represent the EV maker’s first capital increase since its IPO debut.