Ola Electric to raise Rs.1,000-Cr via rights issue

Publicly listed, Bengaluru-based electric scooter maker Ola Electric has received board approval to raise up to Rs 1,000-Cr through a rights issue of partly paid-up equity shares.This transaction follows a qualified institutional placement (QIP) completed by the company in June, which raised INR 780-Cr. In the first quarter of the 2026-27 financial year, the firm reported operational revenue of INR 455-Cr, a decrease from INR 828-Cr in the previous year, while its net loss narrowed to INR 336-Cr from INR 428-Cr.