{"id":425602,"date":"2021-07-13T10:06:00","date_gmt":"2021-07-13T04:36:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=425602"},"modified":"2021-07-13T10:52:08","modified_gmt":"2021-07-13T05:22:08","slug":"olas-ev-arm-raises-100-million-from-bank-of-baroda","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/olas-ev-arm-raises-100-million-from-bank-of-baroda\/","title":{"rendered":"Ola\u2019s EV arm raises $100 million from Bank of Baroda"},"content":{"rendered":"<p>Ola is raising $100 million from state-run Bank of Baroda (BoB) to partly finance the first phase of construction of what India\u2019s largest ride-hailing platform claims will be the world\u2019s largest electric two-wheeler factory. <\/p>\n<p>The funds are being raised as a long-term loan by Ola Electric Mobility Pvt. Ltd, the electric vehicle (EV) arm of the Bengaluru-based company. The plant is being built in Tamil Nadu\u2019s Krishnagiri district. The factory will have an initial capacity of 2 million electric vehicles a year.<\/p>\n<p>\u201cToday\u2019s agreement for long-term debt financing between Ola and Bank of Baroda signals the confidence of the institutional lenders in our plans to build the world\u2019s largest two-wheeler factory in record time,\u201d Ola chairman and group chief executive officer Bhavish Aggarwal said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola is raising $100 million from state-run Bank of Baroda (BoB) to partly finance the first phase of construction of what India\u2019s largest ride-hailing platform claims will be the world\u2019s largest electric two-wheeler factory. The funds are being raised as a long-term loan by Ola Electric Mobility Pvt. Ltd, the electric vehicle (EV) arm of the Bengaluru-based company. The plant is being built in Tamil Nadu\u2019s Krishnagiri district. The factory will have an initial capacity of 2 million electric vehicles a year. \u201cToday\u2019s agreement for long-term debt financing between Ola and Bank of Baroda signals the confidence of the institutional [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-425602","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=425602"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425602\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=425602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=425602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=425602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}