Ola Electric Goes Fundraising Again 

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In August 2024, Ola Electric listed on the stock markets to much fanfare, and raised more than INR 5,500 Cr to invest towards future growth and building out its full electric vehicle stack. A few days after that, Bhavish Aggarwal outlined Ola Electric’s grand plans, peppered with some suspect claims — this is important as we will see later.

But not even a year after that IPO, Ola Electric is now considering raising fresh funds, as it looks to get back on track after months of slow growth, mounting regulatory scrutiny over sales claims and…



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Ola Electric Goes Fundraising Again 


In August 2024, Ola Electric listed on the stock markets to much fanfare, and raised more than INR 5,500 Cr to invest towards future growth and building out its full electric vehicle stack. A few days after that, Bhavish Aggarwal outlined Ola Electric’s grand plans, peppered with some suspect claims — this is important as we will see later.

But not even a year after that IPO, Ola Electric is now considering raising fresh funds, as it looks to get back on track after months of slow growth, mounting regulatory scrutiny over sales claims and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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