Ola Electric Raises INR 3,200 Cr Funding Ahead Of IPO

The funding round was a mix of equity and debt, with Temasek leading the equity portion and the State Bank of India the debt part. Ola Electric said it will use the fresh funds to establish India’s inaugural lithium-ion cell manufacturing facility in Krishnagiri. The funding comes ahead of the EV maker’s planned IPO, which…

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