New Delhi, May 18 -- Ola Electric Mobility Ltd's plan to increase the capacity of its cell manufacturing facility has been delayed, exposing it to risks of higher costs, losing incentives and even technology going obsolete.

Ola Cell Technologies Private Ltd (OCT), a wholly owned subsidiary of Ola Electric Ltd, began constructing its gigafactory in May 2023 under a four-phase plan to produce lithium-ion cells for electric vehicle batteries.

Of the Rs.5,500 crore the company raised by issuing fresh shares in August 2024, it had set aside Rs.1,227 crore to expand the capacity of its cell manufacturing facility to 6.4 GWh in the second phase by April 2025.

However, it has not utilised any money from these funds, suggesting that OCT is far ...