Bhavish Aggarwal Tops Up Collateral With INR 20 Cr As Ola Electric Stock Skids

The Ola Electric stock has plunged 35% since listing last year and the company’s consolidated net loss deepened 109% to INR 870 Cr in Q4

CEO Bhavish Agarwal raised INR 250 Cr for his AI startup Krutrim by pledging Ola Electric shares last year

Aggarwal has been putting in extra money since March as the shares dipped below INR 50 apiece, Bloomberg reported

Ola Electric founder and chief executive Bhavish Aggarwal has reportedly paid around INR 20 Cr ($2.3 Mn) in cash to top up collateral for borrowings against…