Ola Electric Mobility has approved a plan to raise Rs 1,700 crore in funding through debt instruments. The decision was made during a board meeting. This move aims to support the company’s ongoing business operations and future growth.
Ola Electric Funding Through Debt
According to the regulatory filing, Ola Electric will raise the funds using various debt options such as term loans, working capital facilities, or Non-Convertible Debentures (NCDs). These funds may be raised in one or more parts, using private placement or any other legal method allowed under Indian laws. The company clarified that this plan falls within the approved borrowing limits set by its shareholders.
As per company policy, Ola Electric confirmed that its trading window has been closed since April 1, 2025. The window will reopen 48 hours after the company announces its financial results, in compliance with SEBI regulations.
Regulatory Scrutiny Increases
This funding announcement comes at a time when Ola Electric is under pressure from regulatory bodies. In January, SEBI issued a warning for not informing stock exchanges before making a major announcement on social media about retail expansion. In February, the company faced questions after claiming 25,000 vehicle sales, while only 8,600 were registered on the VAHAN portal. Ola Electric blamed vendor delays for the mismatch.
Despite the setbacks, Ola Electric held its place as the second-largest player in the electric two-wheeler segment in April. TVS Motor currently leads the market. The company continues to push forward with growth plans despite financial losses.
Revenue Drops, Losses Rise
Ola Electric has not yet reported its Q4 results. However, the company previously shared that its operating revenue fell 19.4% year-on-year to Rs 1,045 crore, down from Rs 1,296 crore. At the same time, net losses widened by 50% to Rs 564 crore.
The fresh funding will help Ola Electric manage its financial challenges while continuing to grow in the competitive electric vehicle market. The company appears focused on long-term sustainability despite near-term hurdles.
