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Home » Ola’s $100mn debt goes to Ola Electric Technologies
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Ola’s $100mn debt goes to Ola Electric Technologies

channeladminBy channeladmin19 August 2021Updated:30 September 2021No Comments1 Min Read
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A month ago, Ola Electric Mobility had raised $100 mn in debt from Bank of Baroda (BoB)

The regulatory filings show that the amount has gone to Ola Electric Technologies

Ola Electric Technologies is a wholly-owned subsidiary of Ola Electric Mobility

It was set up in January to specially manufacture two, three and four-wheeler EVs

It has been used to receive the debt from BoB

business Channel I Am India Ola Ola Electric
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