Ola Electric plans to raise up to ₹2,000 crore by selling a stake in its battery subsidiary, Ola Cell Technologies, to strengthen its balance sheet and support business turnaround. The unit operates a lithium-ion cell plant in Tamil Nadu with 1.5 GWh capacity, targeting 6 GWh this fiscal year. The ₹3,500 crore gigafactory supports India’s EV battery localisation, attracting interest from financial investors and sovereign wealth funds.
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