Ola Electric Shareholders Approve Rs 1,500-Crore Fundraise Amid Sales Slide And Negative Cash Flow
India’s leading electric two-wheeler manufacturer, Ola Electric, has received shareholder approval to raise Rs 1,500 crore in fresh capital, even as the company grapples with declining sales and mounting negative cash flow. The move underscores Ola Electric’s determination to strengthen its financial position, sustain operations, and invest in future growth despite near-term challenges in the…