Ola Electric plans to raise Rs 2,000 crore via stake sale in Ola Cell Technologies

Ola Electric plans to raise Rs 2,000 crore via stake sale in Ola Cell Technologies

OCT owns the Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh of operational capacity and plans to scale to 6 GWh by the end of this financial year. This comes on the back of the Bengaluru-based company seeing a significant reduction in sales volumes and decline in market share amid rising consumer complaints around vehicle quality and after-sales service.

COMPANIES

$40 Billion from Google. $25 Billion from Amazon. Anthropic is now the most fought-over AI company on Earth
TECHNOLOGY

Indian IT Seeks Early Access to Anthropic's Claude Mythos AI Model

 STARTUPS

Indian Spacetech Startups Shift Focus to Defence Applications Amid Geopolitical Tensions

 INVESTMENT

Google Cloud to Build $15 Billion Data Centre in Vizag with 5 GW Capacity

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