Ola Electric Mobility has announced the launch of a qualified institutional placement (QIP) to raise funds, setting a floor price of ₹37.74 per equity share. The fund-raising committee approved this initiative, which allows the company to attract capital from institutional investors without going through a public issue. The exact size of the QIP has not been disclosed, and the issue price will be determined after the book-building process. In its latest financial report, Ola Electric recorded a consolidated net loss of ₹500 crore for the quarter ending March 2026, a notable improvement from the ₹870 crore loss reported the previous year. However, revenue from operations saw a significant drop to ₹2,253 crore from ₹4,514 crore in FY25. CEO Bhavish Aggarwal expressed optimism about future orders, projecting 40,000-45,000 for Q1 FY27 and revenue growth to ₹500-550 crore. The company is focusing on enhancing its electric vehicle product portfolio, particularly in electric motorcycles and cell manufacturing.