Ola Electric Seeks Rs 1,200 Crore Private Credit for Strategic Refinancing Amid Market Expansion
Executive Summary Ola Electric Mobility Limited, India's leading electric two-wheeler manufacturer, has initiated discussions with banking partners to secure Rs 1,000-1,200 crore ($120-140 million) in private credit financing. This strategic move represents the Bengaluru-based company's second significant fundraising initiative within twelve months of its public listing in August 2024, signaling the...