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Board approved an enabling resolution to raise up to ₹1,500 crore through equity or convertible securities, subject to shareholder and regulatory approvals, alongside a ₹403-crore increase in authorised capital. COO Hyun Shik Park resigned effective September 5. Context: another financing step amid ongoing cash burn.
Ola Electric Board Approves ₹1,500 Crore Fund Raise Plan
Ola Electric Board To Consider Equity Fund Raise On September 5
Ola Electric Launches S1Z Scooter With 301 Km Range At ₹79,999
Ola Electric Secures Up To ₹7,240 Crore ACC PLI Window Through CY2031
Ola Electric Secures BIS Certification For Indigenous 46100 LFP Cell