Ola Electric Board Approves Fundraise Of Up To ₹17 Billion Via Debt Instruments

Ola Electric Mobility Ltd. on Thursday said its board has approved raising up to ₹17 billion through various debt instruments, including term loans, working capital facilities, and non-convertible debentures.

In a filing with exchanges, the company said the funds may be raised in one or more tranches and through any eligible debt instrument, as may be decided by the board.

The move is part of Ola Electric’s ongoing efforts to strengthen its financial position and support business growth.