Ola Electric Board to Consider Fresh Fundraise Amid Revenue Drop

3 Sept 2026, 12:45 pm · 9d ago · 1 min read · Entrackr

Ola Electric Mobility has announced plans to consider raising fresh capital via equity shares or other securities, just three months after raising Rs 780 crore through a qualified institutional placement. The electric two-wheeler maker's board will meet on September 5, 2026, to evaluate the fundraise proposal across routes including QIPs or preferential issues. The move comes as Ola Electric grapples with declining market share, persistent customer service complaints, and falling stock valuation. In Q1 FY27, the company reported a 45% year-on-year drop in revenue to Rs 455 crore, while narrowing net loss to Rs 336 crore.