{"id":612758,"date":"2023-10-27T10:04:02","date_gmt":"2023-10-27T04:34:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=612758"},"modified":"2023-10-27T10:38:36","modified_gmt":"2023-10-27T05:08:36","slug":"ola-electric-raises-over-rs-3000-crore-from-temasek-sbi-and-others","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ola-electric-raises-over-rs-3000-crore-from-temasek-sbi-and-others\/","title":{"rendered":"Ola Electric raises over Rs 3,000 crore from Temasek, SBI and others"},"content":{"rendered":"<p>Ola Electric, one of India\u2019s largest electric vehicle maker has raised around Rs 3,200 crore funding as a part of its equity and debt round raised from Temasek-led marquee investors and project debt from State Bank of India respectively. <\/p>\n<p>The funds will be utilised towards expansion of Ola\u2019s EV business and setting up India\u2019s first lithium-ion cell manufacturing facility in Krishnagiri, Tamil Nadu. Ola Electric says it aims to accelerate its growth by ramping up its two-wheeler manufacturing capacity, launching electric motorcycles followed by electric cars and fast-tracking the construction of Gigafactory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric, one of India\u2019s largest electric vehicle maker has raised around Rs 3,200 crore funding as a part of its equity and debt round raised from Temasek-led marquee investors and project debt from State Bank of India respectively. The funds will be utilised towards expansion of Ola\u2019s EV business and setting up India\u2019s first lithium-ion cell manufacturing facility in Krishnagiri, Tamil Nadu. Ola Electric says it aims to accelerate its growth by ramping up its two-wheeler manufacturing capacity, launching electric motorcycles followed by electric cars and fast-tracking the construction of Gigafactory.<\/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":[130,240,138],"tags":[],"class_list":["post-612758","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612758","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=612758"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612758\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=612758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=612758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=612758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}