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ET Markets - Industry 117d ago
Ola Electric plans Rs 2,000 cr fundraise for battery arm
Ola Electric is raising up to Rs 2,000 crore by selling a stake in its battery unit, Ola Cell Technologies. This move aims to strengthen its finances and restructure operations. The company's battery plant in Tamil Nadu is set to expand its capacity. This development is crucial for India's domestic EV supply chain and energy storage solutions.
BMETRICSENERGYENERGYDEVGKENERGYIREDAKPELOLAELECTNPLTVSSCSAutomobile and Auto ComponentsConstruction