Ola Electric Mobility has approved a Rs 2000 crore investment into its electric vehicle and battery cell manufacturing subsidiaries as the company sharpens its focus on localisation, vertical integration and operational scale. The board approved the capital infusion into wholly owned subsidiaries Ola Electric Technologies and Ola Cell Technologies through compulsory convertible preference shares.
According to the company’s regulatory filings, Rs 1500 crore will be invested in Ola Electric Technologies, which manages the company’s EV manufacturing operations and services across the electric mobility value chain. The remaining Rs 500 crore will be infused into Ola Cell Technologies, the company’s battery manufacturing arm focused on lithium ion cell production and battery related operations.
The investments are expected to be completed by May 2027, with both subsidiaries continuing as wholly owned entities of Ola Electric Mobility. The company said the capital infusion is intended to support the business requirements and expansion plans of the two units as competition in India’s electric two wheeler market continues to intensify.
The move comes at a time when Ola Electric is increasing efforts to strengthen its in-house manufacturing capabilities and reduce dependence on external suppliers. Industry observers view the investment as part of the company’s broader strategy to improve margins, scale battery production and build tighter control across the EV supply chain.
Ola Electric Technologies reported a turnover of Rs 4717.48 crore during FY25, while Ola Cell Technologies recorded revenue of Rs 73 crore during the same period. The battery unit has been expanding its role within the company’s ecosystem as Ola pushes ahead with domestic cell manufacturing initiatives and gigafactory operations in Tamil Nadu.
The company has also been exploring opportunities beyond captive demand. Reports recently indicated that Ola Electric is in discussions with domestic and international automakers for supplying lithium ion battery cells and battery packs from its Krishnagiri facility.
The latest investment decision comes amid rising competitive pressure in India’s EV market, where legacy automobile manufacturers and newer electric mobility startups are expanding aggressively across product categories and distribution networks. Ola Electric has been focusing on improving cost efficiencies, automation and localisation as it works toward strengthening profitability in its core electric mobility business.
