Ola Electric Mobility has issued an official clarification to BSE Limited regarding media reports about a planned ₹2,000 crore fundraise for its battery division. The company responded to BSE's inquiry dated March 16, 2026, addressing speculation about funding negotiations for its battery arm.

BSE Inquiry and Company Response

The clarification came in response to BSE's questions about media reports titled "Ola Electric plans Rs 2,000cr fundraise for battery arm." The exchange sought information about potential negotiations and any undisclosed information that could explain trading movements in the company's shares.

Official Company Position

Ola Electric clarified that both the company and its subsidiaries regularly evaluate various funding opportunities at both company and group levels, subject to business requirements and market conditions. The company emphasized that this evaluation process is part of its normal business operations.

The electric vehicle manufacturer stated it continues to assess funding and investment opportunities to support its business objectives. However, the company confirmed that any material developments in this regard will be disclosed in accordance with applicable laws and regulatory requirements.

Regulatory Compliance Statement

In its response to BSE, Ola Electric confirmed that all material events and information mandated under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 have been duly disclosed to stock exchanges. The company reiterated its commitment to regulatory compliance and prompt disclosure of material information.

Market Context

The clarification addresses speculation about the company's battery division funding plans while maintaining that no concrete developments have materialized that require immediate disclosure. This response reflects the company's approach to managing market expectations while continuing its strategic evaluation processes for business growth and expansion.

Ola Electric Mobility has launched the #EndICEAge campaign, a comprehensive nationwide initiative designed to accelerate India's transition from petrol-powered Internal Combustion Engine (ICE) two-wheelers to electric mobility. The campaign addresses the rising costs and inconvenience of petrol dependency while encouraging riders across the country to embrace electric vehicle technology.

Campaign Benefits and Offers

The #EndICEAge campaign introduces substantial financial incentives for customers purchasing new Ola electric vehicles. The limited-period benefits worth over ₹20,000 are available for a three-day duration.

Social Initiative for Customer Engagement

Ola Electric has introduced an innovative #EndICEAge social initiative that encourages customer participation in the transition narrative. New customers who purchase an Ola electric two-wheeler during the campaign period can participate by uploading their last month's petrol bills on social media platforms, tagging Ola Electric and using the #EndICEAge hashtag. The company will select three standout entries daily and refund their petrol expenses against the payment made by the customer.

Product Portfolio and Pricing

The company's current offerings span across premium and mass market segments with competitive pricing structures.

S1 Scooter Range

Roadster Motorcycle Range

Champions Edition Launch

Coinciding with the campaign, Ola Electric announced the Champions Edition of its flagship 4680 Bharat Cell powered S1 Pro+ (5.2 kWh) scooter and Roadster X+ (9.1 kWh) motorcycle. This limited edition commemorates India's historic third ICC Men's T20 World Cup victory and will be available at company stores and on the website with limited-time availability.

Company Vision and Market Position

According to an Ola Electric spokesperson, the campaign represents a significant step toward breaking India's decades-long dependence on petrol-based mobility. The initiative positions electric vehicles as a cleaner, smarter, and more economical alternative to traditional petrol-powered two-wheelers. The company operates through a direct-to-customer distribution network across India and maintains one of the largest company-owned networks of automotive retail stores in the country, supported by manufacturing facilities at the Ola Futurefactory in Tamil Nadu and research operations spanning India, the UK, and the US.