Ola Electric has received board approval to invest ₹2,000 crore in its electric vehicle production and battery cell subsidiaries. The funds will be directed towards expanding manufacturing capacity for electric vehicles and developing in-house battery cell production. This move aligns with Ola Electric's strategy to strengthen its position in the growing Indian electric vehicle market by enhancing vertical integration and reducing reliance on external suppliers. The investment reflects the company's commitment to scaling operations and supporting the broader adoption of electric mobility in India. Funds earmarked for EV production and in-house battery cell expansion. The update was published on 15 May 2026, 6:58 pm.