<ul><li>Ola Electric's board has approved an infusion of INR 199 Cr in its battery manufacturing subsidiary Ola Cell Technologies (OCT).</li><li>The funds will be used to support the business requirements of OCT.</li><li>Ola Electric's board also approved the conversion of outstanding payables of OCT, Ola Electric Technologies (OET), and Ola Electric Charging (OEC) into convertible preference shares.</li><li>Ola Electric has been facing regulatory scrutiny, financial losses, and declining stock prices in recent times.</li></ul>

Ola Electric To Infuse INR 199 Cr In Battery Manufacturing Arm

Discover more