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 it has reportedly expedited now.

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