Ola Electric reallocates ₹575 crore from its IPO proceeds, reducing R&D funding to bolster its balance sheet and increase ...

Ola Electric’s board has approved a second major reallocation of its ₹5,500 crore IPO proceeds, diverting ₹575 crore from ...

Ola Electric diverts ₹575 crore from R&D to debt repayment and growth as sales slow, market share declines and fundraising ...

The company’s board, at a meeting held on March 18, approved the proposed variation in the use of IPO funds, subject to ...

Ola Electric is diverting ₹575 crore from its R&D budget to service debt as sales and revenue plummet. This second ...

The EV-maker’s board approved the reallocation of Rs 575 crore that it had raised for R&D during its IPO to repay debt and ...

The year so far has been nothing short of catastrophic for Ola Electric. The EV maker was dragged down by a toxic cocktail of regulatory setbacks, operational breakdowns, shrinking market share and ...

Ola Electric's board has approved reallocating ₹575 Cr from its research and product development budget to other objectives ...

OCT owns the Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh of operational capacity and plans to scale to ...

This marks yet another revision in the utilisation of IPO proceeds by the Bengaluru-based company after an earlier ...