{"id":432415,"date":"2021-08-27T10:38:43","date_gmt":"2021-08-27T05:08:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432415"},"modified":"2021-08-27T11:50:16","modified_gmt":"2021-08-27T06:20:16","slug":"ola-electric-in-talks-to-secure-up-to-1-billion-from-investors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ola-electric-in-talks-to-secure-up-to-1-billion-from-investors\/","title":{"rendered":"Ola Electric in talks to secure up to $1 billion from investors"},"content":{"rendered":"<p>Ola Electric Mobility, the two-wheeler maker controlled by Bhaavish Aggarwal, is in talks to raise as much as $1 billion from strategic and financial investors, two people aware of the matter said. <\/p>\n<p>The company has hired investment bank JP Morgan, which has reached out to several large private equity funds for the investment, the people said on condition of anonymity as the talks are private.<\/p>\n<p>In July, Ola Electric raised $100 million from state-run Bank of Baroda to finance the first phase of construction of what the company claimed would be the world\u2019s largest electric two-wheeler factory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric Mobility, the two-wheeler maker controlled by Bhaavish Aggarwal, is in talks to raise as much as $1 billion from strategic and financial investors, two people aware of the matter said. The company has hired investment bank JP Morgan, which has reached out to several large private equity funds for the investment, the people said on condition of anonymity as the talks are private. In July, Ola Electric raised $100 million from state-run Bank of Baroda to finance the first phase of construction of what the company claimed would be the world\u2019s largest electric two-wheeler factory.<\/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-432415","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\/432415","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=432415"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432415\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}