Ola Electric Raises $100 Million in Debt Funding from Bank of Baroda to Accelerate Production of its Electric Two-Wheelers

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Ola Electric, the EV focused segment of Indian ridesharing giant Ola, announced it has raised USD 100 million in debt from Bank of Baroda. Ola Electric, that focuses on electric scooter manufacturing and selling, will be using this fund in its EV manufacturing facility to make over 10 million electric scooters annually. Ola Electric and… Continue reading Ola Electric Raises $100 Million in Debt Funding from Bank of Baroda to Accelerate Production of its Electric Two-Wheelers