Ola Electric secured ₹780 crore in fresh capital via a Qualified Institutional Placement (QIP).
The placement was heavily backed by the public markets, closing with a 56 percent oversubscription rate.
The funds will strategically accelerate Ola's vertical integration, specifically its highly anticipated in-house battery cell gigafactory.
This cash injection arms the EV maker to aggressively defend its volume market share against rapidly scaling legacy competitors like TVS and Bajaj.
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