Tag: Long term debt

Ola Electric raises US$100 million long term debt

Ola Electric and Bank of Baroda have signed a long-term debt financing agreement in Indian EV industry. This 10-year debt of US$100 million is towards the funding and financial closure of the Phase 1 of the Ola Futurefactory, Ola’s global manufacturing hub for its electric two-wheelers. Ola had earlier announced last December that it will…