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SUMMARY
Ola Electric plans to deploy the freshly raised funds to ramp up the cell business, expand battery energy storage systems, strengthen post sales production, and new product development
The company said it received the shareholders’ nod to raise the funds through issuance of securities via further public offer, rights issue, QIP, private placement and/ or any other permitted modes
In its Q2 FY26 shareholders’ letter, the company said it has commissioned cell capacity of 2.5 GWh and expects to reach 5.9 GWh by March 2026 and…
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