Ola Electric’s ₹1,000 crore rights issue was fully subscribed on Wednesday, with investors bidding for 37.14 crore shares against the 37.03 crore shares on offer, according to Business Standard. The subscription was completed with two days still remaining in the offer period.
The issue size for the Ola Electric Mobility Rights Issue October 2026 is 37,02,72,665 shares. Investors had subscribed to 37,13,59,420 shares by market close on Wednesday, taking bids above the number offered.
Founder Bhavish Aggarwal participated fully in the rights issue. His direct holding in the company is 26.5 per cent, while the promoter holding stands at 32.9 per cent, the report said.
Ola Electric’s shares have gained 23 per cent over the past two trading sessions, closing at ₹36.66 on Wednesday. The share-price movement came as the company sought additional capital through the rights offering and outlined a shift in its sales and service model.
The electric scooter manufacturer is moving from a direct-to-consumer model towards a dealer network-driven approach. According to the report, the company expects the new model to add sales momentum and improve service execution. The shift follows market backlash linked to sales and service performance, although the supplied report does not provide further details on the scale or causes of that backlash.
The change is significant for how electric two-wheelers are sold and supported in Indian cities. Under a dealer-led model, customer access to sales outlets and service facilities would depend more on the reach and execution of the network. The report, however, does not specify the number of dealers involved, the locations planned or the timeline for the transition.
Ola Electric’s funding exercise comes as the company continues to operate in the electric scooter market, where after-sales support and service availability are important parts of the ownership experience. The supplied report does not disclose how the ₹1,000 crore raised will be allocated or whether any portion will be directed specifically towards dealerships, service infrastructure, manufacturing or other corporate requirements.
The rights issue remained open for subscription for two additional days after it was fully subscribed on Wednesday. The company’s next reported milestones are the close of the offer and the subsequent completion of the rights issue process.
