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India

Ola Electric, India raises INR 32 billion to scale up EV business and build the Gigafactory

On October 26, Ola Electric raised of INR 32 billion funding as a part of its equity and debt round raised from Temasek led marquee investors and project debt from State Bank of India respectively. The funds raised would be utilized towards expansion of Ola’s EV business and setting up India's first lithium-ion cell ....

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