The funds raised would be utilised towards expansion of Ola s EV business and setting up India s first lithium-ion cell manufacturing facility at Krishnagiri, Tamil Nadu, the company said in a statement.
Ola Electric raises ₹3,200 crore to fund EV business thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
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Get latest articles and stories on Latest News at LatestLY. Electric two-wheeler makers TVS Motor Company, Ather Energy and Ola Electric have increased prices of their products as curtailed subsidy structure comes into effect from June 1. Latest News | TVS, Ather, Ola Hike Prices of Electric Two-wheelers as New Subsidy Norms Kick in.