Stake sale · Mobility & Logistics

Ola Electric plans ₹2,000 Cr stake sale in cell unit

By Startup Enthusiast · 16 March 2026

What they do

Ola Electric plans to raise ₹2,000 Cr via a minority stake sale in Ola Cell Technologies to sovereign wealth funds and global investors

The company's Q3 FY26 net loss was ₹418 Cr, down 14% year-on-year

This follows a failed ₹1,500 Cr QIP plan and comes as operating revenue fell 55% YoY

Ola Cell Technologies raised ₹2,000 Cr via a minority stake sale in March 2026.
Potential buyers included sovereign wealth funds and global infrastructure investors.
Avendus Capital and Motilal Oswal served as mandated banks for this transaction.
This deal replaces a previous plan for a ₹1,500 Cr QIP approved in November 2025.
The company reported a Q3 FY26 operating revenue of ₹470 Cr, down 55% year-on-year.
Net loss widened to ₹418 Cr in the same quarter despite being down 14% year-on-year.
Electric two-wheeler deliveries fell sharply to 32,680 units from 84,029 units in the prior year.
Negative cash flow from operations totaled ₹866 Cr for the nine months ended December 31, 2025.

The stake sale alters the use of proceeds from the ₹5,500 Cr raised last year.
Investors are seeking exposure despite the company's recent financial performance challenges.
The move signals a shift from public market fundraising to private institutional investment.

Ola Electric manufactures electric scooters including the S1 series, Roadster, and Shakti models.
The company also produces EV bikes and home energy storage systems for consumers.
It operates a large service network with 590 service centres across India.
The firm is training 1 lakh third-party mechanics to support its customer base.
Ola Cell Technologies invested ₹877.6 Cr in Ola Electric Technologies via preference shares.
The business relies on a vast distribution and after-sales service infrastructure.
Product range expansion includes new models like the Shakti scooter.
Energy storage solutions diversify revenue streams beyond personal mobility vehicles.
Service center density aims to improve customer trust and vehicle uptime.

Sovereign wealth funds (buyer) — State-owned investment organizations managing national savings.
Global infrastructure investors (buyer) — Institutions investing in long-term physical assets and services.