Ola Electric
Big Move: Ola Electric plans to raise Rs 2,000 crore for its battery arm Ola Cell Technologies
Electric two-wheeler manufacturer Ola Electric is reportedly planning to raise up to ₹2,000 crore by divesting a minority stake in its battery subsidiary, Ola Cell Technologies (OCT), according to media reports.
The proposed fundraise is expected to bring in financial investors and comes as the company works to restructure operations, strengthen its balance sheet, and regain market share amid a recent slowdown in electric two-wheeler sales, as reported by Moneycontrol.
For the quarter ended December 31, 2025 (Q3 FY26), Ola Electric described the period as a “structural reset,” marked by a realignment of its retail footprint, cost structure, and operating model to adapt to slower EV adoption and improve service execution.
The company reported a record consolidated gross margin of 34.3%, up 15.7 percentage points year-on-year and 3.4 percentage points quarter-on-quarter. This improvement reflects the benefits of its vertically integrated model, Gen 3 platform economics, and tighter operational discipline. Consolidated revenue from operations stood at ₹470 crore, with total electric two-wheeler deliveries reaching 32,680 units during the quarter.
Q3 FY26 also marked a key milestone in the ramp-up of its Gigafactory operations. The company doubled cell production quarter-on-quarter to 72,418 cells and achieved its first commercial deployment of in-house 4680 Bharat Cells in customer vehicles. It also launched Ola Shakti, its first residential Battery Energy Storage System (BESS) powered by its Gigafactory output.
Currently operating at an installed capacity of around 2.5 GWh, the Gigafactory is expected to scale up to 6 GWh by March 2026. Ola Electric remains the only Indian company to operationalise a Gigafactory at this scale, giving it a strategic edge within the domestic EV and energy ecosystem.
As global demand for batteries rises—driven by EV adoption, solar-plus-storage solutions, grid-scale deployments, and data centre energy needs—the Gigafactory is expected to play a crucial role in enhancing vertical integration, improving unit economics, and expanding the company’s presence in the fast-growing energy storage market.
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