Ola Electric will gather ₹ 1700 crore, this is the complete plan of EV company – Ola Electric Share Price May Move as Board Approves to Raise Rupees 1700 Crore Via Debt Instruments

Ola electric news: Veteran two -wheeler EV company Ola Electric Mobility has been approved to raise ₹ 1700 crore from the board. This fund will be collected by releasing date instruments. The company gave this information in the exchange filing on 22 May. These money should be collected in one or more installments through term loans, working capital facilities or non-convertible debentures (NCDs) and other eligible securities. It can also be done through private placements. The company has received this approval at a time when it is trying to strengthen its financial health to support expansion plans, increase manufacturing capacity and increase the availability of working capital.

How is the business health of Ola Electric?

Ola Electric has not yet released business results of the March 2025 quarter. Talking about the December quarter business results, the company’s consulted net loss rose by about 50% to ₹ 564 crore in October-December 2024 on an annual basis. During this period, the company’s revenue also fell about 19% to ₹ 1045 crore. However, the company sold record number of electric scooters and remained the top company of 25.5% market share.

How is the status of shares

Ola Electric shares closed on May 22 at a price of ₹ 51.50 with a slight increase of 0.27 per cent on BSE. Currently, it is also 32.24% below the IPO price of ₹ 76. Last year, on 9 August 2024, its shares were entered in the market and on 20 August 2024 it was on a record high of ₹ 157.53. In less than 8 months from this high, it fell 71.08% to a record low of ₹ 45.55 on 7 April 2025. So far, it has recovered more than 13 per cent from this lower level but still it is more than 67% downside from record high.

How was the December quarter for Ola Electric?

Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.