April 3, 2024

EvolutionX Debt Capital Backs Ola Electric with $Million Funding

Ola Electric, the electric vehicle (EV) arm of Indian ride-hailing giant Ola, has secured Rs 410 crore in debt financing, roughly equivalent to $50 million, through non-convertible debentures from EvolutionX Debt Capital. EvolutionX Debt Capital is a platform supported by leading financial institutions DBS and Temasek, and this funding marks a significant milestone for Ola…

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Rakesh Wynswell