Ola Electric Mobility

Quick check

The five things to look at first. Open one for more.

• DebtModerate debtIt owes ₹2,763 Cr against ₹3,351 Cr of shareholders' money (Mar 2026), 0.82 times.
• ResultsLoss-makingLost ₹336 Cr in the Jun 2026 quarter, a smaller loss than a year earlier.
• DilutionRaise plannedNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 33%, down from 37% in Jun 2025.

Ola Electric Mobility against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)12,376.1 against a typical 22: pricier than most peers (1st = cheapest).11th of 11
• Sales growth−45% against a typical +34.2% from a year earlier.8th of 8
• Share price, 3 months−4.2% against a typical −4.2%.6th of 11
• Size₹ 13,838.9 Cr. market value against a typical ₹ 2,157 Cr. (1st = largest).5th of 11

Exchange filings and their impact on the company.

• 22 Oct 2026UpdatesLow impactPositivePrice −3.4% that day
  Rights issue opened with specific investors confirming applications, keeping Ola's rescue funding on track.

  Ola Electric confirmed that specific investors submitted applications in its rights issue of partly paid-up shares on the issue opening date, October 22, 2026. The filing under SEBI ICDR Regulation 77B(2) follows an October 16 newspaper advertisement naming the investors but discloses no amount or price in the extracted text. It signals the rights issue is proceeding, which if completed would bolster equity for the loss-making EV maker.

  Full analysisFiling
• 9 Oct 2026UpdatesLow impactPositivePrice +1.4% that day
  Ola Electric onboarded its first 150 dealers, starting a dealer-led push to revive sales.

  Ola Electric disclosed that its Promoter and CMD hosted the first 150 dealers onboarded to its network at its factory. The company presented it as the start of its growing dealer family as it expands beyond direct sales. The move could help revive volumes after a sharp sales decline, though 150 dealers is still early-stage for national coverage.

  Full analysisFiling
• 7 Oct 2026UpdatesHigh impactPositivePrice −4.7% on 8 Oct
  Ola Electric launches Rs 999.7cr rights issue at Rs 27 to cut debt and fund growth, diluting ~8.4% but shoring up survival.

  Ola Electric has filed its letter of offer for a rights issue of 37.03 crore partly paid-up shares at Rs 27 each, aggregating up to Rs 999.74 crore, in the ratio of 2 shares for every 25 held on record date October 13, 2026. The issue opens October 22 and closes October 30, with Rs 16.20 payable on application and Rs 10.80 on final call by October 2027. The company plans to use Rs 350 crore to repay debt, Rs 400 crore for organic growth including R&D, manufacturing, stores and marketing, and the balance for general corporate purposes.

  Full analysisFiling
• 7 Oct 2026UpdatesHigh impactPositivePrice −4.7% on 8 Oct
  Ola Electric to raise up to Rs 1000 cr via discounted rights issue with promoter participation to bolster balance sheet.

  Ola Electric's board has approved a rights issue of up to Rs 1,000 crore at Rs 27 per share, about 26% below the current market price. The issue is payable in two calls, with 60% due on application, and the promoter will invest alongside other shareholders on the same terms. The funds will significantly boost equity and cash, extending the company's runway as it continues to post large losses.

  Full analysisFiling
• 7 Oct 2026Rights IssueHigh impactNegativePrice −4.7% on 8 Oct
  Ola Electric approved Rs1,000cr rights issue at Rs27 (2:25) to shore up cash, diluting equity by ~8%.

  Ola Electric's board on October 7, 2026 approved a Rs999.7 crore rights issue of 37.03 crore partly-paid shares at Rs27 per share in the ratio of 2 shares for every 25 held. Record date is October 13, 2026 and the issue will open October 22 and close October 30, 2026, with 60% payable upfront and 40% later. The money will boost equity and cash to fund losses and operations, but will dilute existing shareholders by about 8% at a discount to the Rs37 market price.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Bhavish Aggarwal

Executive Chairman of the Board, Managing Director

Deepak Rastogi

Chief Financial Officer

Abhishek Jain

Compliance Officer, Company Secretary