Ola Electric Board Approves โน1,000 Crore Rights Issue to Bolster Capital Base
Ola Electricโs board has approved a rights issue of partly paid-up equity shares aggregating up to โน1,000 crore, a move that signals the companyโs intent to strengthen its balance sheet amid a demanding phase for Indiaโs electric two-wheeler market. The capital raise comes as the startup-backed manufacturer continues to navigate scale-up pressures, competitive intensity, and the need for sustained investment in manufacturing, technology, and distribution.
