OLA Electric Mobilit

** Shares of Ola Electric Mobility OLAE.NS fall 4.1% to 34.83 rupees

** Electric two-wheeler maker sets issue price of 27 rupees per share for its 10-bln-rupee ($103.4 mln) rights issue, a ~26% discount to Wednesday's closing price

** Entitlement ratio at 2 rights shares for every 25 shares held

** OLAE said promoter will invest alongside all other shareholders on the same terms in the issue

** Of the proceeds from the issue, 3.5 bln rupees will be used for loan repayment, 4 bln rupees for organic growth initiatives, and 2.34 bln rupees for general corporate purposes

** YTD, OLAE down ~4%

($1 = 96.7575 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

Oct 7 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - SETS RIGHTS ISSUE PRICE AT 27 RUPEES PER EQUITY SHARE

• OLA ELECTRIC - SETS RIGHTS ENTITLEMENT RATIO AT 2 RIGHTS SHARE FOR EVERY 25 SHARES HELD

Source text: ID:nBSE937Grp

Further company coverage: OLAE.NS

(([email protected];))

Ola Electric Mobility said promoter Bhavish Aggarwal had pledged a 4.32% stake in the company to fund his subscription to the rights issue. The pledge was made solely to finance participation on the same terms as other shareholders, with no shares sold and no other encumbrance on his securities. The board had approved a partly paid-up rights issue of up to Rs1,000 crore on 28 September, with price, entitlement ratio and record date still to be fixed. The company had raised Rs780.24 crore through a qualified institutions placement in June 2026 at Rs35.86 per share. It reported consolidated revenue of about Rs2,253 crore in FY26 on deliveries of 173,794 vehicles.

Powered by Tijori

Ola Electric Mobility scheduled a board meeting for 5 October 2026 to consider a rights issue of partly paid-up equity shares of face value ₹10 each for an amount not exceeding ₹1,000 crore. Price and payment mechanism, entitlement ratio, record date and timing were to be decided at the meeting, subject to in-principle approvals. A 23 September proposal for a rights issue had carried no size, price or terms. The June 2026 qualified institutions placement raised ₹780.24 crore through 217.58 million shares at ₹35.86 each and lifted outstanding capital to 4,628 million shares. Consolidated revenue was ₹2,253 crore in the year to March 2026, against ₹4,514 crore a year earlier.

Powered by Tijori

Ola Electric Mobility's board approved a rights issue of partly paid-up equity shares of face value Rs 10 each to raise up to Rs 1,000 crore from eligible shareholders as on a record date to be notified. The issue remains subject to regulatory and statutory approvals, with price, entitlement ratio, timing and payment terms to be decided later. The approval followed a 23 September statement that the company would seek board clearance for a rights issue without disclosing size or terms. It came after a June placement of 217.58 million shares at Rs 35.86 that raised Rs 780.24 crore. The company reported consolidated revenue of Rs 2,253 crore for FY26 and an operating cash outflow of Rs 775 crore for the year, with a first cash-positive quarter in Q4 FY26.

Powered by Tijori

Sept 28 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - APPROVED ISSUE OF SHARES WORTH UP TO 10 BILLION RUPEES

• OLA ELECTRIC - APPROVED ISSUE OF SHARES BY WAY OF A RIGHTS ISSUE

Source text: [ID:]

Further company coverage: OLAE.NS

(([email protected];;))

Sept 23 (Reuters) - India's Ola Electric Mobility OLAE.NS will consider raising funds via a rights issue of shares on September 28, the e-scooter maker said on Wednesday.

(Reporting by Nishit Navin in Bengaluru; Editing by Vijay Kishore)

(([email protected];))

By Akash Sriram

BENGALURU, Sept 10 (Reuters) - Indian electric motorcycle maker Ultraviolette Automotive plans to invest 7.79 billion rupees ($81.93 million) in a new plant in the southern part of the country to expand manufacturing capacity and support its entry into the mass-market segment.

Concerns over the compatibility of older petrol vehicles with E20 fuel are helping drive demand for electric two-wheelers in India, where their sales, according to government data, topped 1.03 million units in the first eight months of 2026.

The facility in Hosur, Tamil Nadu will begin with an annual capacity of 250,000 vehicles and can be expanded to 500,000 units as demand rises, founders of the company, backed by Qualcomm QCOM.O and TVS Motor TVSM.NS, told Reuters.

The plant will complement the startup's existing facility near Bengaluru, which can produce up to 50,000 units annually.

Consulting firm McKinsey estimates electric two-wheeler adoption to reach 40% to 45% by fiscal year 2030. Their share of overall two-wheeler sales crossed 10% for the first time in August 2026.

"The demand we have for our products, including what is coming up next with the Tesseract and the Shockwave, is far more than the current facility can cater to," Ultraviolette co-founder and CEO Narayan Subramaniam told Reuters.

Known for premium electric motorcycles such as the F77 and X47, Ultraviolette plans to launch its Shockwave motorcycle for under 200,000 rupees and the Tesseract scooter for below 150,000 rupees.

The company expects underlying domestic demand for its scooters of at least 10,000 units a month, Subramaniam said, a level that could put it in contention with larger electric two-wheeler makers, including Ola Electric OLAE.NS and Ather Energy ATHR.NS.

The investment, to be made over the next five years, will be funded through internal reserves, equity and future cash flows, with limited use of debt, CTO Niraj Rajmohan said.

Hosur was selected partly for its proximity to Ultraviolette's Bengaluru research and development centre and its access to an automotive supply chain, Rajmohan said.

Ultraviolette sold more than 3,000 electric motorcycles globally in the first half of the year, compared with about 1,756 units for Zero Motorcycles and about 300 for Harley-Davidson's LiveWire LVWR.N, it said.

Exports to Europe and Latin America, according to Subramaniam, account for about 15% of sales and could rise to 25% within five years.

($1 = 95.0800 Indian rupees)

(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)

(([email protected]; On X as @HoodieOnVeshti; +91-99017-77617;))

Ola Electric scheduled a board meeting for September 5, 2026, to consider raising funds through equity shares or other eligible securities, including a private placement, qualified institutions placement or preferential issue. The proposal remained subject to regulatory approvals and shareholder consent, and no amount or security terms were specified. The board was also due to consider the annual report for the year ended March 31, 2026, and arrangements for the annual general meeting. Ola Electric had raised ₹330 crore through a QIP in June, while FY27 first-quarter revenue was ₹455 crore and net loss was ₹336 crore.

Powered by Tijori

Ola Electric introduced the S1Z electric scooter with its 46160 LFP Bharat Cell, a stated 301 km IDC range and an introductory price of ₹79,999. It opened bookings through its website and said deliveries would begin in December. The launch followed a social-media teaser from the company’s CMD describing a major LFP announcement for the following morning. Ola’s cell segment generated ₹5 crore of revenue in the June quarter, while automotive revenue was ₹455 crore.

Powered by Tijori

Aug 28 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - ANNOUNCES LAUNCH OF S1Z SCOOTER RANGE IN INDIA

Further company coverage: OLAE.NS

(([email protected];))

The Ministry of Heavy Industries approved revised timelines for Ola Cell Technologies, Ola Electric’s wholly owned battery subsidiary, under the ACC Production Linked Incentive scheme. The approval secured a full five-year incentive window through CY2031, with up to ₹7,240 crore in cumulative incentives to be disbursed quarterly from the next quarter. Ola Electric had 2.5 GWh of installed cell capacity and a further 3.5 GWh under installation, and expected to reach 6 GWh by the end of the current quarter. Cell revenue was ₹5 crore in Q1 FY27, while the cell segment reported a ₹28 crore loss.

Powered by Tijori

** Ola Electric Mobility OLAE.NS shares fall 4.5% to 39.23 rupees

** June-qtr revenue from operations fall 45% YoY to 4.55 billion rupees ($47.79 million)

** Quarterly net loss narrows to 3.36 billion rupees from 4.28 billion rupees a year earlier

** Q1 deliveries at 39,192 units, down 42.5%, from 68,192 vehicles it delivered in the same qtr last year

** "1Q showed operational recovery, but the quality of improvement remains weak," - Ambit Capital

** Brokerage says valuation comfort remains limited amid intensifying competition, an unproven brand and service turnaround, continued cash burn and reliance on a sustained recovery in volumes to achieve breakeven

** 6 of 8 brokerages rate the stock "sell" or lower; their median PT is 32.5 rupees

** YTD, stock up 13.3%

($1 = 95.2000 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

Aug 7 (Reuters) - India's Ola Electric OLAE.NS on Friday reported a narrower first-quarter loss, as higher electric two-wheeler sales and lower operating expenses helped offset a challenging commodity environment.

The company posted a net loss of 3.36 billion Indian rupees ($35.29 million)in the quarter ended June 31, compared to a loss of 4.28 billion rupees a year earlier.

($1 = 95.2075 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru; Editing by Tasim Zahid)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Aug 6 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - OPENS SALES AND SERVICE NETWORK TO DEALER PARTNERS ACROSS INDIA

Source text: ID:nBSE5r4730

Further company coverage: OLAE.NS

(([email protected];))

Aug 5 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - SIGNS FIRST MOU WITH AXIS ENERGY FOR UTILITY-SCALE ENERGY STORAGE

• OLA ELECTRIC - AGREEMENT ENVISAGES POTENTIAL DEPLOYMENT OF UP TO 20 GWH BY 2032

Source text: ID:nBSEb1xGWP

Further company coverage: OLAE.NS

(([email protected];))

Aug 3 (Reuters) - Indian electric scooter maker Ather Energy ATHR.NS posted a narrower quarterly loss on Monday, as strong sales helped offset the impact of higher expenses.

It reported a net loss of 508.7 million rupees ($5.34 million) for the quarter ended June 30, compared with a loss of 1.78 billion rupees a year earlier.

($1 = 95.3375 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru; Editing by Rashmi Aich)

(([email protected]; +91 9558725583;))

July 8 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• CLARIFIES ON REPORT OF TWO SUPPLIERS MOVING NCLT OVER DUES

• RAISED PERFORMANCE CONCERNS ON SOME PARTS SUPPLIED BY ANEVOLVE MANDO E-MOBILITY AND STERLING E-MOBILITY SOLUTIONS

• INITIATED ARBITRATION PROCEEDINGS AGAINST THE VENDORS AND FILED PETITIONS UNDER ARBITRATION AND CONCILIATION ACT

• ANEVOLVE MANDO AND STERLING E-MOBILITY FILED PETITIONS UNDER INSOLVENCY AND BANKRUPTCY CODE

Source text: [ID:]

Further company coverage: OLAE.NS

(([email protected];;))

** India's June auto wholesales were solid for PVs and CVs despite supply-sides issues and fuel price inflation worries, BofA Securities says

** Auto demand remains strong post-GST rate cut; expects strength to continue through H1FY27 - CLSA

** EV penetration accelerating; expects adoption curve to steepen as upfront ownership economics of EVs increasingly converge with ICE vehicles - CLSA

** Gasoline price hikes in India have tapered off and concerns about weak total auto demand are easing, JP Morgan says

** Adds, Tata Motors PV TAMO.NS maintained second place in domestic sales as growing EV sales contributed

** Domestic volume growth outlook for TAMO stays positive; co likely to outperform industry, HSBC says

** Nifty auto index .NIFTYAUTO last up 0.9%; down 4% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

July 1 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• REGISTERS 16,144 VEHICLES IN JUNE 2026

Source text: ID:nNSE3C1W7y

Further company coverage: OLAE.NS

(([email protected];;))

Ola Electric Mobility's battery subsidiary has become the first Indian company to receive BIS certification for an indigenously developed 46100 LFP cylindrical cell, the company said on Tuesday. The certification under IS 16046 (Part 2):2018 / IEC 62133-2:2017 covers safety and performance standards. The cell, with an energy density above 170 Wh/kg and a target of over 4,000 cycles, expands Ola's in-house portfolio beyond its existing NMC 4680 Bharat Cells. The certification follows qualification tests including thermal abuse, short circuit, and crush assessments at a NABL-accredited lab. Ola's gigafactory in Tamil Nadu, already producing 4680 cells for vehicles on road, will also manufacture the new LFP cell line on a common 46-series architecture. The company said the development supports its goal of reducing import dependence and building advanced battery technologies within India.

Powered by Tijori

June 23 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• GETS BIS CERTIFICATION FOR 46100 LFP CELL

Source text: ID:nBSEc6vqGF

Further company coverage: OLAE.NS

(([email protected];))

** Shares of Ola Electric Mobility OLAE.NS fall as much as 3.7% to 38.08 rupees, last down 1.1%

** Electric two-wheeler maker to raise funds via QIP issue of shares with floor price set at 37.74 rupees per share, 4.5% discount to closing price on Monday

** Update on NSE website shows issue to be 13 bln rupees ($136.6 mln)

** Proceeds to be used for loan repayment, expenditure incurred for organic growth initiatives, and general corporate purposes

** YTD, OLAE up ~8%

($1 = 95.1450 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

June 1 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - REGISTRATIONS RISE TO 15,139 UNITS IN MAY 2026, UP 23% M/M

Source text: ID:nNSE98llTr

Further company coverage: OLAE.NS

(([email protected];))

** Shares of Ola Electric OLAE.NS drop nearly 4% to 35.52 rupees

** HSBC ("reduce", cuts PT to 33 rupees from 45 rupees) analysts say OLAE has lost its "first-mover advantage" due to delays and faces margin pressure

** Emkay Global ("sell", PT 25 rupees) says while Q4 margins improved, they are not sustainable as co faces pricing pressure, rising competition and execution challenges

** Avg rating of eight analysts on OLAE at "sell"; median PT is 28 rupees - LSEG-compiled data

** Electric scooter maker reports lower Q4 revenue; profit rises on sharp cost control

** YTD, stock down 2%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

May 20 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC MOBILITY Q4 CONSOL NET LOSS 5 BILLION RUPEES

• OLA ELECTRIC MOBILITY Q4 CONSOL REVENUE FROM OPERATIONS 2.65 BILLION RUPEES

Further company coverage: OLAE.NS

(([email protected];))

May 15 (Reuters) - Indian EV maker Ola Electric OLAE.NS said on Friday its board approved a 20 billion-rupee ($208.47 million) investment in its electric and cell technologies units.

($1 = 95.9387 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)

(([email protected]; +91 9558725583;))

May 1 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• REPORTS 20% MONTH-ON-MONTH SALES GROWTH IN APRIL

Source text: ID:nNSE9xP1gb

Further company coverage: OLAE.NS

(([email protected];))

** Shares of Ola Electric OLAE.NS rise as much as 8.5% to 42 rupees

** Chinese internet conglomerate Tencent 0700.HK has invested $400 million in OLAE, Economic Times reported, citing filings

** Singapore-based Copper Technology Pte Ltd will take a 9.57% stake in the EV maker, the report added, with sources confirming to ET that it is Tencent-owned

** Tencent, Ola did not immediately respond to Reuters requests for comment

** More than 240 million shares traded so far, almost 1.4x 30-day avg

** Average rating of 8 analysts on OLAE is "sell"; median PT 26 rupees - data compiled by LSEG

** YTD, OLAE up about 11%

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

** Shares of India's Ola Electric Mobility OLAE.NS on track for 28.16% weekly gain, eyes best week since August 2024

** Stock up 5.12% at 38.18 rupees on the day

** Electric vehicle maker said on April 7 it has completed its in-house developed lithium iron phosphate (LFP) battery, which could help lower costs and support wider adoption

** Trading vols at 467.2 million shares vs 30 day avg of 124 million shares

** OLAE on avg rated "sell" by 8 analysts; median PT is 24.50 rupees- LSEG data

** YTD stock up 0.22%

(Reporting by Devika Nair in Bengaluru)

(([email protected];))