Ola Electric plans fundraise amid market share slump, stock slide

Amid declining market share and falling stock price, electric two-wheeler maker Ola Electric is planning a fresh fundraise and has scheduled a board meeting on May 22 to consider raising capital through non-convertible debentures (NCDs) or other eligible securities.

According to a stock exchange filing late on Monday, the fundraise could take place in one or more tranches, either via private placement or other permissible methods. This would mark the Bengaluru-based company’s first funding exercise since its initial public offering (IPO) last…