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Ola Electric Mobility has approved the allotment of 21,75,78,428 equity shares of face value of Rs 10 each to eligible qualified institutional buyers at an issue price of Rs 35.86 per equity share (including a premium of Rs 25.86 per equity share), which takes into account a discount of 4.98% (i.e., Rs 1.88 per equity share) to the floor price of Rs 37.74 per equity share, determined in accordance with Regulation 176(1) of the SEBI ICDR Regulations, aggregating upto Rs 780.24 crore, pursuant to the Issue. Pursuant to the aforesaid allotment, the paid-up equity share capital of the Company has increased from Rs 44,108,298,850 comprising 4,410,829,885 equity shares of face value of Rs 10 each to Rs 46,284,083,130 comprising 4,628,408,313 equity shares of face value of Rs 10 each.

Ola Electric today announced sustained growth momentum in May 2026, with registrations rising to 15,139 units, up from 12,323 units in April, according to VAHAN data. It represents a 23% MoM increase, building on the recovery momentum seen in the months of March and April 2026. According to VAHAN, industry volumes grew from approximately 148,000 units in April 2026 to around 170,000 units in May 2026, reflecting growth of about 15%. Against this backdrop, Ola Electric delivered 23% month-on-month growth, growing nearly three times faster than the industry. The third consecutive month of robust sales recovery comes on the back of a front-end retail rejig and better operational execution, as Ola`s two-wheeler EV portfolio bounces back amid petrol price increases, marking a broader market shift to electric vehicles.

Net Loss of Ola Electric Mobility reported to Rs 500.00 crore in the quarter ended March 2026 as against net loss of Rs 870.00 crore during the previous quarter ended March 2025. Sales declined 56.63% to Rs 265.00 crore in the quarter ended March 2026 as against Rs 611.00 crore during the previous quarter ended March 2025.For the full year,net loss reported to Rs 1833.00 crore in the year ended March 2026 as against net loss of Rs 2276.00 crore during the previous year ended March 2025. Sales declined 50.09% to Rs 2253.00 crore in the year ended March 2026 as against Rs 4514.00 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales265.00611.00 -57 2253.004514.00 -50 OPM %-106.04-113.75 --43.14-38.52 - PBDT-319.00-700.00 54 -1145.00-1687.00 32 PBT-496.00-870.00 43 -1829.00-2253.00 19 NP-500.00-870.00 43 -1833.00-2276.00 19 Powered by Capital Market - Live News

Ola Electric Mobility will hold a meeting of the Board of Directors of the Company on 18 May 2026.

Ola Electric Mobility announced that its material wholly owned subsidiary, Ola Electric Technologies has received reaffirmation in credit ratings from ICRA at ICRA BBB; Negative / ICRA A3+ for various debt facilities of the company. Meanwhile, its other material wholly owned subsidiary Ola Cell Technologies has received reaffirmation in credit ratings at ICRA BBB-; Negative / ICRA A3.