{"id":425663,"date":"2021-07-13T11:06:27","date_gmt":"2021-07-13T05:36:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=425663"},"modified":"2021-07-13T12:28:53","modified_gmt":"2021-07-13T06:58:53","slug":"ola-bob-ink-pact-for-100-million-debt-financing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ola-bob-ink-pact-for-100-million-debt-financing\/","title":{"rendered":"Ola, BoB ink pact for $100 million debt financing"},"content":{"rendered":"<p>BENGALURU: Ola Electric and Bank of Baroda have signed a long-term debt financing agreement, under which the bank will give $100 million to the company for financial closure of phase-1 of the Ola Futurefactory, the global manufacturing hub for its electric two-wheelers. <\/p>\n<p>\u201cToday\u2019s agreement signals the confidence of the institutional lenders in our plans to build the world\u2019s largest two-wheeler factory,\u201d said Bhavish Aggarwal, chairman and group CEO of Ola. \u201cOla is leading from the front and we are delighted to partner with them for their EV business,\u201d said Bank of Baroda MD &amp; CEO Sanjiv Chadha. The debt-financing is the largest so far for the EV industry in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: Ola Electric and Bank of Baroda have signed a long-term debt financing agreement, under which the bank will give $100 million to the company for financial closure of phase-1 of the Ola Futurefactory, the global manufacturing hub for its electric two-wheelers. \u201cToday\u2019s agreement signals the confidence of the institutional lenders in our plans to build the world\u2019s largest two-wheeler factory,\u201d said Bhavish Aggarwal, chairman and group CEO of Ola. \u201cOla is leading from the front and we are delighted to partner with them for their EV business,\u201d said Bank of Baroda MD &amp; CEO Sanjiv Chadha. The debt-financing is [&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":[130,246,137],"tags":[],"class_list":["post-425663","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425663","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=425663"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425663\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=425663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=425663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=425663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}