Ola Electric Mobility

Ola Electric Technologies Private Limited, a wholly owned subsidiary of Ola Electric Mobility Limited, has allotted 25 crore optionally convertible redeemable preference shares worth ₹250 crore to fellow subsidiary Ola Cell Technologies Private Limited. The allotment was approved at a board meeting held on October 29, 2025, and represents the second tranche of funding through private placement. Each preference share has a face value of ₹10 and carries a 0.001% non-cumulative, non-participating rate. The transaction follows shareholder approval for variation of IPO proceeds utilization at the Annual General Meeting held on August 22, 2025. The company indicated that details for further tranches will be communicated as funds are infused and allotments are made.

Ola Electric has received a report from the Central Consumer Protection Authority (CCPA) investigation.

The Karnataka High Court directed police to continue investigating allegations in a suicide case involving a former Ola Electric employee while cautioning against harassment of petitioners. An advocate representing the complainant described Ola Electric as 'worse than the East India Company' while opposing CEO Bhavish Aggarwal's plea to quash the abetment to suicide case. The case involves K Aravind, a 38-year-old homologation engineer who died after allegedly consuming poison on September 28. His family filed a complaint claiming workplace harassment and withheld salary by company officials including Aggarwal and Subrat Kumar Dash, head of homologation engineering. A 28-page handwritten note recovered from Aravind's room reportedly blamed superiors for mental harassment and non-payment of dues. Rs 17.46 lakh was transferred to Aravind's account two days after his death, which the family described as suspicious. Aggarwal's legal team argued the case should be quashed since it was initially registered as an Unnatural Death Report, and claimed Ola had cleared all employee dues. The company stated Aravind had not raised any complaints during his tenure and his role did not involve direct interaction with top management. The court scheduled the next hearing for November 17.