India, May 15 -- Days ahead of its Q4 financial disclosures, EV major Ola Electric's board has cleared a cumulative investment of Rs.2,000 Cr in its cell manufacturing arm, Ola Cell Technologies Pvt Ltd (OCT), and vehicle manufacturing arm, Ola Electric Technologies Pvt Ltd (OET).

While OET is set for an infusion of Rs.1,500 Cr, the company intends to invest the remainder Rs.500 Cr in OCT. Ola Electric's bread and butter vehicle manufacturing arm reported a 8% YoY decline in its turnover to Rs.4,717.48 Cr in FY25. Meanwhile, OCT's turnover surged multifold to Rs.73 Cr in the fiscal year.

The transactions are expected to be completed by May 15, 2027. The fund infused by the company would be supporting the subsidiaries' business requireme...