Ola Electric to invest USD 100 mn in gigafactory – ET Auto
Baua Electric
JUNE 29, 2024
Last August, Ola Electric raised USD 240 million from State Bank of India for building the Gigafactory as part of a USD 384 million financing round that saw participation from Singapore’s sovereign fund Temasek. The firm is proposing to raise up to INR 5,500 crore through a fresh issue and an offer-for-sale (OFS) of 95.2
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