Ola Electric begins $250-300 million fundraising plan

  • Ola Electric is planning to raise $250-300 million.
  • The company is expecting an up round, which could value it at $6.5-7 billion.
  • This would make Ola Electric the most valuable electric two-wheeler company in the country, exceeding legacy peers such as Hero Motocorp and TVS Motor.
  • The company is expecting to turn ebitda positive from FY24.
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