Ola Electric Plans Rs 2,000 Crore Fundraise by Selling Stake in Battery Arm

Ola Electric plans to raise up to Rs 2,000 crore by selling a stake in its battery arm, Ola Cell Technologies (OCT), which operates a lithium-ion cell manufacturing plant in Tamil Nadu. The plant currently has 1.5 GWh capacity, aiming to scale to 6 GWh by year-end. Investment banks Avendus and Motilal Oswal are managing the fundraising amid Ola Electric's operational restructuring. The stake sale will influence the valuation of this key asset, attracting interest from financial investors including sovereign wealth funds. The gigafactory supports broader energy storage needs and houses a Battery Innovation Centre with over 200 experts and nearly 400 patents.