Bengaluru-based EV maker Ola Electric said its wholly owned arm, Ola Cell Technologies (OCT), will invest up to Rs 877.64 crore in its fellow subsidiary Ola Electric Technologies (OET).

According to a stock exchange filing, OCT’s board on October 1 approved the investment through subscription to 87.76 crore non-cumulative, non-participating 0.001% Series A Optionally Convertible Redeemable Preference Shares (OCRPS) of OET, at a face value of Rs 10 each.

The investment will be carried out in one or more tranches over the next year.

The move comes after shareholders of Ola Electric approved a change in the objects of its IPO proceeds at the company’s annual general meeting on August 22, 2025.

OET, incorporated in 2021, is engaged in the development and manufacturing of electric two-wheel

See Full Page