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Ola Electric Board Approves ₹1,500 Crore Fundraising Resolution Pending Shareholder Approval


5 September 2026
OLA Electric Mobility Ltd.

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.


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