Ola Electric clears Rs 1,500 Cr fundraise; COO exits
Ola Electric’s board approved a fund raise of up to Rs 1,500 crore, while Shradha Sharma and Manoj Kumar Kohli were approved for re-appointment as independent directors.
Ola Electric has raised Rs 1,500 crore in a fresh funding round, aiming to bolster its financial standing amidst stiff competition and efforts to enhance operational performance. Simultaneously, the company announced the resignation of its Chief Operating Officer, Hyun Shik Park, effective September 5, citing personal reasons.
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