Ola Electric's Battery Division Seeks Rs 2,000 Crore Capital Infusion
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Ola Electric to Raise Rs 2,000 Cr for Battery Arm Ola Cell Technologies
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News18•16-03-2026, 15:30
Ola Electric to Raise Rs 2,000 Cr for Battery Arm Ola Cell Technologies
•Ola Electric plans to raise Rs 2,000 crore by selling a stake in its battery arm, Ola Cell Technologies (OCT).
•OCT operates a Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh capacity, scaling to 6 GWh by year-end.
•Investment banks Avendus and Motilal Oswal are mandated to run the fundraising process.
•The move aims to strengthen Ola Electric's balance sheet and localize battery cell manufacturing in India.
•OCT's Battery Innovation Centre holds nearly 400 patents, and Ola developed 4680-format Bharat Cell using dry electrode technology, deployed in its EVs.
