India: IPO-bound Ola Electric secures $50m debt from EvolutionX

India: IPO-bound Ola Electric secures $50m debt from EvolutionX

Photo: Visual from Ola Electric website

SoftBank-backed electric vehicle maker Ola Electric has raised about $50 million (Rs 410 crore) via non-convertible debentures (NCDs) from EvolutionX, per media reports.

Edited by: Joymitra Rai