Ola Electric raises ₹1,700 cr debt ahead of IPO
Ola Electric has secured board approval to raise ₹1,700 crore via non-convertible debentures, marking its first major financial move post-IPO filing. The funds will fuel production expansion, R&D, and its Gigafactory in Tamil Nadu. This strategic debt raise boosts market confidence, preserves equity, and positions Ola to accelerate its EV dominance before the anticipated IPO.