OLAELEC

OLA ELECTRIC : APPROVES ₹2000 CR INVESTMENT IN EV & CELL SUBSIDIARIES 🔋⚡️ • 🏭 Board approved investment in wholly-owned subsidiaries Ola Cell Technologies (OCT) & Ola Electric Technologies (OET) • 🔋 ₹500 Cr to be infused into Ola Cell Technologies via CCPS to support battery/cell manufacturing business • ⚡️ ₹1500 Cr to be infused into Ola Electric Technologies via CCPS to support EV business operations • 🧪 OCT engaged in manufacturing, processing, assembling, export & distribution of batteries/cells • 🛵 OET engaged in EV value-chain services, manufacturing & supply of electric vehicles • 📈 OET FY25 turnover stood at ₹4,717.48 Cr while OCT turnover came at ₹73 Cr • 🏗️ Investments targeted to be completed on or before May 14, 2027 • 🔒 Both entities will continue as wholly-owned subsidiaries post investment 🟢 Impact: Positive (Fresh capital infusion supports EV expansion and battery manufacturing ambitions, strengthening vertical integration strategy)