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Ola Electric Raises Largest Long-term Debt Financing in Indian EV Space for Futurefactory News18 15 hours ago Business Desk © Provided by News18 Ola Electric Raises Largest Long-term Debt Financing in Indian EV Space for Futurefactory Ola Electric on Monday said that it has signed an agreement with Bank of Baroda to raise $100 million. This is the largest long-term debt financing agreement in the Indian electric vehicle industry, the company said in a statement. “This 10-year debt of US$100 million is towards the funding and financial closure of the Phase one of the Ola Futurefactory, Ola’s global manufacturing hub for its electric two-wheelers,” the cab aggregator said.

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