Ola Electric secured overwhelming shareholder approval to reallocate proceeds from its public issue toward strategic growth initiatives, including new platform development, scale-focused capacity expansion, and global supply-chain strengthening. Nearly all voting shareholders backed the plan, signaling conviction in the company’s long-term roadmap and sustained leadership ambitions in India’s electric mobility segment. Market participants see this capital redeployment as an enabler for faster operational buildout, accelerated GTM alignment, and product pipeline execution that could support rising domestic EV adoption trends while strengthening competitive positioning against global two-wheeler electric entrants.