Ola Electric plans to boost as much as Rs 2,000 crore by promoting a stake in its battery subsidiary Ola Cell Technologies, which operates a lithium-ion cell gigafactory in Tamil Nadu.
Ola Electric has kicked off a plan to boost as much as Rs 2,000 crore by promoting a stake in its battery arm, Ola Cell Technologies (OCT), in accordance with the sources.
OCT owns the Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh of operational capability and plans to scale to six GWh by the top of this monetary 12 months.
Investment financial institution Avendus and Motilal Oswal are mandated to run the fundraising course of, sources mentioned.
The improvement comes amid Ola Electric’s efforts to restructure operations and shore up its steadiness sheet as it really works in direction of its enterprise turnaround.
Investor curiosity builds round Ola’s battery infrastructure asset
The stake dilution plans may even decide the market valuation of a vital battery infrastructure asset that has not but been ascertained, sources mentioned, including that the asset’s distinctive nature has attracted inbound curiosity from monetary traders, together with some main sovereign wealth funds.
Gigafactory seen as key step towards localising EV battery cell manufacturing
The gigafactory, with an upfront funding of Rs 3,500 crore, marks a big step towards localising battery cell manufacturing in India, a important functionality because the nation seeks to cut back dependence on imported cells whereas constructing a home EV provide chain.
The plant will help power storage merchandise and programs throughout industries past the two-wheeler market.
R&D push with tons of of patents throughout battery chemistries
Ola’s Battery Innovation Centre, part of OCT, homes over 200 executives drawn from international companies and has constructed a portfolio of near 400 patents, with work spanning a number of cell chemistries together with NMC, LFP, LMFP and LMR, in addition to completely different kind elements resembling cylindrical, prismatic and solid-state cells.
Energy storage demand anticipated to rise with India’s renewable push
As India pushes towards 50 per cent renewables by 2030, the mismatch between electrical energy era and consumption means storage needs to be someplace in between.
A big share of renewable electrical energy will cross via storage earlier than reaching customers.
Ola has already launched residential BESS programs and has plans to enter business power storage programs, as many of the electrical energy generated (from coal, photo voltaic, wind, hydro) flows straight to consumption, hurting optimum utilization.
Indigenous battery know-how and Bharat Cell deployment
Ola has additionally developed dry electrode manufacturing know-how, thought-about one of the vital vital improvements in lithium-ion battery manufacturing.
Using this course of, the corporate has developed the 4680-format Bharat Cell, which is now being commercially manufactured on the gigafactory and has been deployed in Ola Electric automobiles for greater than six months.
Published on March 16, 2026
