Mumbai, Oct. 23 -- The company will raise funds by issuing equity shares or other eligible securities through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods as may be permitted under applicable laws.

Meanwhile, according to media reports, the company is facing scrutiny following the death of an engineer. His family alleges workplace humiliation and salary denial drove him to suicide, named CEO Bhavish Aggarwal and a senior executive in an FIR. The company has denied harassment claims, expressing condolences and pledging cooperation with the investigation.

Ola Electric Mobility is a leading Indian electric vehicle (...