Ola Electric incorporates a new entity and infuses Rs 250 Cr
Image Credit: ola electric
On Indian Independence day, Ola Electric finally unveiled prominent features, launch, delivery and pricing of its S1 and S1 Pro scooters. A month ago, the company also announced that it raised $100 million in debt from the Bank of Baroda (BoB). However, it didn’t disclose which entity received the debt round from the public sector bank. Ola has incorporated a new entity – Ola Electric Technologies Private Limited in June.