Ola Electric has raised $50 million through non-convertible debentures from EvolutionX. The funding will be used for expanding the capacity of its cell manufacturing plant, repayment of debt, research and product development, and general corporate purposes.

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Ola Electric raised $50M in debt financing from EvolutionX for capacity expansion and IPO preparation.

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Ola Electric raised $50M in debt financing from EvolutionX for capacity expansion and IPO preparation.

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