Ola Electric raises LARGEST-EVER $100 mn debt in Indian EV market
"The agreement for long-term debt financing between Ola and Bank of Baroda signals the confidence of the institutional lenders in our plans to build the world's largest two-wheeler factory in record time," said Bhavish Aggarwal, Chairman & Group CEO, Ola.
Ola in December announced that it will invest Rs 2,400 crore for setting up the Phase 1 of the factory. Image: IANS