Ola Electric raises Rs. 3,200 crore to build Lithium-ion cell facility

EV maker Ola Electric has revealed that it has closed a funding round worth Rs. 3,200 crore (about $380 million). The funds were obtained through a combination of debt and equity from notable investors, including Temasek, and debt from the State Bank of India (SBI). This fundraising effort is part of Ola's strategy to raise between $300 and $400 million before its planned public listing.