NEW DELHI, March 17 -- Ola Electric Mobility Ltd is stepping up efforts to raise cash, including a proposed Rs.2,000 crore stake sale in its battery arm, Ola Cell Technologies Private Ltd, after its board earlier approved a Rs.1,500 crore fundraise through share or securities issuance.

The push comes as falling scooter sales and a weakening balance sheet tighten liquidity, even as the company doubles down on its capital-intensive cell business.

Mint looks at what is driving the company's fundraising push.

The urgency stems from a sharp deterioration in its core business.

In 2025, Ola Electric's sales more than halved to nearly 200,000 electric scooters, while rivals such as TVS Motor Co., Bajaj Auto and Ather Energy gained ground.

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