Electrical car (EV) maker Ola Electric Mobility Restricted has authorized a proposal to boost as much as Rs 1,500 crore via a mixture of fairness shares and convertible securities, the corporate stated in a inventory trade submitting.

The fundraise, which was cleared by the corporate’s board on October 25, 2025, could also be executed by way of a number of routes, together with an extra public supply, rights concern, certified institutional placement (QIP), or non-public placement. The issuance worth, timing, and construction will probably be determined later by the board, topic to shareholder approval and crucial regulatory clearances.

Ola Electrical stated the fundraising plan would assist the corporate strengthen its steadiness sheet and help ongoing operations. Nevertheless, it didn’t disclose particular targets for the capital increase.

The transfer comes slightly over a yr after the Bhavish Aggarwal-led firm raised Rs 5,500 crore via a contemporary concern as a part of its preliminary public providing (IPO) in August 2024. On the time, the corporate stated it was adequately funded for the following two years, backed by a money steadiness of Rs 3,197 crore as of June 2025.

The most recent choice follows months of turbulence for the EV producer. Early buyers reminiscent of SoftBank, Z47 (previously Matrix Companions India), and Tiger International have trimmed their holdings this yr, whereas Ola Electrical has additionally confronted rising competitors from Bajaj Auto and TVS Motor, which have overtaken it in month-to-month EV registrations.

In latest months, the corporate has been within the highlight for different causes too. It was drawn into controversy after an worker allegedly accused Aggarwal and a senior government of harassment earlier than dying by suicide, a declare the corporate has denied. In the meantime, Ola Electrical’s statutory auditors, of their FY25 report, highlighted a “materials weak point” in stock verification at certainly one of its subsidiaries, although the corporate later clarified that it associated to an remoted case.

Financially, Ola Electrical’s efficiency has been underneath strain. Its consolidated web loss widened 23.3% year-on-year to Rs 428 crore within the first quarter of FY26, whereas income from operations fell practically 50% to Rs 828 crore from Rs 1,644 crore in the identical interval final yr.