REVEALED: 3 | Vintage Vibes

Ola Electric’s QIP boost; AMFI benches Stable Money

Happy Friday! Ola Electric has raised fresh capital through a QIP. This and more in today's ETtech Morning Dispatch.

The Economic Times · Jun 5

Ola Electric raises Rs 780 crore via QIP amid market share, cash burn pressure

Ola Electric Mobility has secured approximately Rs 780 crore through a qualified institutional placement, aiming to bolster its recovery efforts and market share. The funds will be used to repay borrowings, fuel growth, and cover general corporate needs. This comes as the company navigates a challenging period marked by declining…

The Economic Times · Jun 4

Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sector

Aditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players like Ahluwalia Contracts and PSP Projects. He remains constructive on IT despite AI concerns, highlighting TCS and HCL Tech for their dividend yields. Shah also sees value in ITC due to its…

The Economic Times · Jun 4

Ola Electric launches QIP, sets floor price at Rs 37.74

Ola Electric has launched a qualified institutional placement (QIP) with a floor price of Rs 37.74 per share to raise funds amidst challenges like slowing sales and shrinking market share. The company aims to navigate these issues by doubling down on localisation and vertical integration, with a focus on EV…

The Economic Times · Jun 1

Ola Electric launches QIP to raise funds, sets floor price at Rs 37.74 a share

Ola Electric Mobility has launched its qualified institutional placement (QIP) and set a floor price of Rs 37.74 per share. The company may offer up to a 5% discount, while the final issue price and fundraising size will be determined through the book-building process.

The Economic Times · Jun 1

Ola Electric sees 23 pc growth in monthly registrations in May

Ola Electric saw a significant jump in vehicle registrations last month. May Sales increased by 23 percent compared to April. This growth outpaced the overall electric two-wheeler market. The company attributes this success to retail changes and better operations. Rising petrol prices are also encouraging more buyers to switch to…

The Economic Times · Jun 1

Electric two-wheeler sales cross 150,000 in May amid fuel price rise

The recovery comes after a 22% month-on-month fall in April from a record 192000 units in March, when automakers used aggressive discounts, cashback offers and financing schemes to close FY26 on a strong note.

The Economic Times · Jun 1

Ola Electric shares jump 9%, skyrocket 93% in 2 months. What's fuelling the rally?

Ola Electric shares surged to a more than four-month high after the EV maker reported a narrower quarterly loss and showed signs of sequential improvement in volumes and market share. Brokerages remain cautious on the long-term recovery outlook, citing rising competition, execution challenges and the need for sustained operational improvements.

The Economic Times · May 29

Ola Electric eyes commercial EV launch for gig workers amid quick commerce boom

Sources said the company received approval for the new vehicle in early February and is expected to launch the model in the coming quarters.

The Economic Times · May 27

Ola Electric secures approval for commercial e-scooter launch

Ola Electric has received government approval for a new electric scooter designed for commercial use. This move signals Ola Electric's potential entry into the fast-growing commercial EV two-wheeler market this quarter. The scooter is expected to focus on operating economics and range for delivery and fleet operations.

The Economic Times · May 27