Ola Electric to raise up to Rs 1,000 Cr via rights issue

•Ola Electric plans to raise up to Rs 1,000 crore via a rights issue of partly paid up equity shares.

•The issue details, including price and record date, will be finalized by the board and announced later.

•This is the second major fundraise for Ola Electric in recent months, following a Rs 780 crore QIP in June.

•The company's revenue fell 45% YoY in Q1 FY27, but its net loss narrowed to Rs 336 crore.