Shares of electric vehicle manufacturer Ola Electric Mobility will be in focus heading into trade on Tuesday after it approved the launch of a qualified institutional placement (QIP) and fixed a floor price of Rs 37.74 per equity share for the offering, according to a stock exchange filing.The company's fund-raising committee cleared the opening of the issue on June 1 and approved the preliminary placement document for institutional investors. As permitted under Sebi regulations, the company may offer a discount of up to 5% on the floor price.A QIP allows listed companies to raise capital from institutional investors such as mutual funds, insurance companies, sovereign wealth funds and foreign portfolio investors without undertaking a public issue.The company did not disclose the total size of the QIP in its filing. The issue price and the amount to be raised will be finalized after the book-building process with institutional investors.Ola Electric said the trading window for dealing in the company's securities will remain closed until 48 hours after the determination of the issue price, in line with insider trading regulations. Ola Electric Q4 snapshotFor the quarter ended March 2026, Ola Electric reported a consolidated net loss of Rs 500 crore, an improvement of 42.5% from the Rs 870 crore loss reported a year earlier, helped by lower expenses. In the preceding December quarter, the company had posted a loss of Rs 487 crore.For FY26, the company reported a consolidated net loss of Rs 1,833 crore, compared with Rs 2,276 crore in FY25.Revenue from operations declined sharply to Rs 2,253 crore during the year from Rs 4,514 crore in the previous fiscal. Several brokerages have also raised concerns over market share erosion and continued cash burn. Citi had earlier downgraded the stock and lowered its target price, citing ongoing challenges related to volume growth and increasing pressure on the balance sheet.In his shareholder letter, Bhavish Aggarwal said the company expects 40,000-45,000 orders in the first quarter of FY27 and consolidated revenue of Rs 500-550 crore, nearly double the level seen in the March quarter. He added that as volumes recover, the automotive business is expected to move towards adjusted operating EBITDA and free cash flow positivity during FY27. Aggarwal said the company's key priorities remain its EV product portfolio, particularly electric motorcycles and cell manufacturing.Ola Electric shares are up 8% since the beginning of the year. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)