Ola Electric rights issue draws two big applicants
By Abha Lohia ·
Ola Electric: revenue, valuation and funding and every story →
- Ola Electric is an Indian electric scooter maker that is raising around ₹1,000 crore from existing shareholders through a rights issue
- Motilal Oswal applied for 1.28 crore shares and Calliope Capital Advisors for 1.10 crore, after two promoter-group entities passed on their entitlements
- The issue priced at ₹27 per share runs until 30 October; money goes to debt repayment, growth and general needs
What happened
- Rights issue opened 22 October and closes 30 October.
- Price is ₹27, with ₹16.20 paid upfront.
- Motilal Oswal applied for 1.28 crore shares.
- Calliope applied for 1.10 crore shares.
- Entitlement is two shares for every 25 held.
Why it matters
- ₹350 crore is for debt repayment.
- ₹400 crore goes to organic growth.
- The rest is general corporate use.
The business
- Ola Electric makes electric scooters.
The founders
Who put in money
- Motilal Oswal Applicant
- Calliope Capital Advisors Applicant
In numbers
₹999.74 CrIssue size · 2026
What happens next
- Issue closes 30 October.
Earlier rounds
- ₹780 Cr QIP in June
Other articles talking about it
Everything on Ola Electric → · All startup news on 22 October 2026 →
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