Ola Electric's board approved a ₹2,000 crore investment in two wholly-owned subsidiaries via compulsory convertible preference shares.
The investment allocates ₹1,500 crore to Ola Electric Technologies and ₹500 crore to Ola Cell Technologies to support business requirements.
Both subsidiaries operate within the electric vehicle value chain, with OET reporting FY25 turnover of ₹4,717 crore and OCT ₹73 crore.
The transactions are classified as related party transactions but are conducted on an arm's length basis with no promoter interest.