Ola Electric Goes Fundraising Again 

In August 2024, Ola Electric listed on the stock markets to much fanfare, and raised more than INR 5,500 Cr to invest towards future growth and building out its full electric vehicle stack. A few days after that, Bhavish Aggarwal outlined Ola Electric’s grand plans, peppered with some suspect claims — this is important as we will see later.

But not even a year after that IPO, Ola Electric is now considering raising fresh funds, as it looks to get back on track after months of slow growth, mounting regulatory scrutiny over sales claims and…