Mumbai, Oct. 27 -- In an exchange filing, the electric two-wheeler maker said the fundraising may be carried out via further public offer, rights issue, qualified institutional placement (QIP), private placement or any other permissible route, subject to shareholder approval through a postal ballot and necessary regulatory clearances.

The proposed issue will include equity shares and/or convertible instruments such as warrants, ADRs, or GDRs, with pricing and other details to be decided by the board in due course.

The announcement comes at a time when Ola Electric is looking to expand its manufacturing capabilities and strengthen its position in India's rapidly growing EV ecosystem. The fundraise is expected to support its upcoming prod...