FundingMobility & Logistics
Ola Electric rights issue fully subscribed early
By Abha Lohia · Editor ·
Ola Electric: revenue, valuation and funding and every story →
Rights issueBengaluruFounded 2017
- Ola Electric Mobility makes electric scooters and is moving from direct sales to selling through dealers to improve sales and service
- Its ₹1,000 crore rights issue was fully subscribed two days before closing, with bids for 37.14 crore of 37.03 crore shares
- Founder Bhavish Aggarwal took up his full share, and the stock rose 23% in two sessions to ₹36.66
What happened
- The ₹1,000 crore rights issue is fully subscribed.
- It offers 37.03 crore shares.
- Bids reached 37.14 crore shares by market close.
- Bhavish Aggarwal participated fully.
- The issue closes two days later.
Why it matters
- A rights issue (shares offered first to existing holders) raises fresh cash.
- The shares rose 23% in two sessions.
The business
- Ola Electric builds electric two-wheelers.
- It is shifting to dealer-led sales after customer complaints about service.
The founders
In numbers
26.5%Founder direct holding · 2026
32.9%Promoter holding · 2026
What happens next
- Issue closes in two days.
The numbers around it
Ola Electric has 9 funding rounds in StopDown's archive.
| When | Round | Amount | Led by |
|---|---|---|---|
| 3 November 2026 | Rights issue | ₹600 Cr | SoftBank |
| 22 October 2026 | Rights issue | ₹1,000 Cr | Motilal Oswal |
| 7 October 2026 | Rights issue | ₹1,000 Cr | |
| 28 September 2026 | rights issue | ₹1,000 Cr | |
| 3 September 2026 | public | Rs 1,500 crore | |
| 2 June 2026 | public | ₹780.24 crore | Goldman Sachs |
| 15 May 2026 | internal investment | ₹2,000 Cr | |
| 26 October 2023 | Round | ₹3,200 Cr | Temasek |
Mobility & Logistics in October 2026: 11 rounds with a disclosed amount, $544 million in all; the biggest was Ola Electric (₹1,000 Cr). Every sector this year →
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