Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Ola Electric secures ₹877 crore to expand battery and EV production, despite declining market share.

flag Ola Electric Technologies, a subsidiary of Ola Electric, has secured shareholder approval to raise ₹877.6 crore by issuing preference shares to its sister company, Ola Cell Technologies, to boost battery production and EV manufacturing. flag The funds will support expanding indigenous 4680 lithium-ion cell capacity to 5 GWh by FY27, backed by a ₹2,800 crore SBI-led loan and ₹400 crore in PLI scheme incentives. flag Despite a drop in electric two-wheeler market share from 18.7% to 13.2% between August and September, Ola Electric has received compliance certification for its Gen 3 scooters, qualifying them for up to 18% sales incentives until 2028.

3 Articles