Breaking News from New Delhi! Ola Electric is set to revolutionize the future with its upcoming IPO, and guess what? A whopping Rs 1,226.43 crore is earmarked to supercharge our dreamy cell manufacturing plant! Picture this – we’re expanding our capacity from 5 GWh to a mind-blowing 6.4 GWh. Get ready for an electrifying journey as we power up for a greener and more exciting tomorrow!
Exciting News Unveiled! Brace yourselves for the thrill ride with Ola Electric as we spill the beans on our grand plans. Imagine the heart-fluttering moment as Rs 1,600 crore from our public funds is destined for groundbreaking research and product development! That’s not all – an additional Rs 800 crore is set to gracefully bid adieu to our debts.
And the cherry on top? Our magnificent electric motorcycles, including the Cruiser, Adventure, Roadster, and Diamondhead, are gearing up to hit the streets in the first half of fiscal 2026. Feel the anticipation building?
In the pages of our draft red herring prospectus, we proudly reveal that the journey to establish and expand the Ola Gigafactory in the enchanting Krishnagiri district of Tamil Nadu is in full swing. Picture this: Phase 1 (a) completion by March 2024, boasting a dazzling capacity of 1.4 GWh. But wait, there’s more magic in Phase 1 (b) – a staggering capacity increase to 5 GWh by October 2024.
Hold your breath for this – it’s not just a vision but a reality funded by the beating heart of Ola Cell Technologies Pvt Ltd (OCT), powered by internal accruals and the magic of long-term borrowings. Get ready to witness the electric dreams turning into a vibrant reality as we march towards a future where every ride is an emotion!
Get ready for the crescendo of emotions as Ola Electric unveils its grand vision! In the next chapter of our expansion saga, imagine the excitement building as we aim to soar to new heights. Brace yourselves – Phase 2 is not just a plan; it’s a symphony of growth.
By April 2025, we’re painting the future with a capacity upgrade to 6.4 GWh, and the crescendo doesn’t stop there. Picture the thrill as we skyrocket to a breathtaking 20 GWh by the second quarter of the magical year 2026.
Dive into the heart of our IPO dreams, where every rupee carries the promise of transformation. A portion of the proceeds, a whopping Rs 1,226.43 crore, is set to fuel the expansion of our cell manufacturing plant, turning 5 GWh into a mesmerizing 6.4 GWh. The boards of OCT and Ola Electric have given their blessings to this journey, setting the stage for a monumental transformation.
And if you think the excitement ends there, think again! We’re not just dreaming; we’re making it happen. In the pipeline are the awe-inspiring Ola S1 models, making electric two-wheelers a reality for personal use, business, and last-mile delivery. The first half of Fiscal 2025 is set to witness the unveiling of these affordable marvels, marking a new era in the Ola Electric story. Join us in this emotional journey where each milestone is a celebration of the future we’re creating together!
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Get ready for a wave of emotions as Ola Electric spills the beans on its thrilling future plans! Picture this: the heartbeat moment when we confirm that our electric motorcycles, the Cruiser, Adventure, Roadster, and the magnificent Diamondhead, are set to touch your hearts by the first half of fiscal 2026.
But hold onto your excitement because that’s not all! The story continues as we unveil our master plan to expand our product family, embracing a wider audience with mass-market motorcycles that cater to various tastes and budgets. It’s not just about products; it’s about capturing the essence of joy on two wheels across different segments.
Think back to that momentous day on August 15, 2023, when we first unveiled our E2W lineup. The Cruiser, Adventure, Roadster, and the majestic Diamondhead – these are not just motorcycles; they’re a testament to our commitment to redefine the future of mobility.
Fast forward to the first half of fiscal 2026 – the stage is set, the excitement is palpable, and the countdown to delivering these dreams to your doorstep has begun. Join us in this emotional journey as we carve the path to a future where every ride is a celebration of innovation and exhilaration!