India, March 6 -- Months after Ola Electric founder and CEO Bhavish Aggarwal pledged the company's shares to raise debt for Krutrim, he has pledged an additional 5.88 Cr shares of the EV major to raise additional debt for the AI unicorn.

In an exchange filing, the EV major informed that Aggarwal signed a non-disposal undertaking for the additional shares in relation to debentures issued by Krutrim on February 21 and February 24 to Avendus Structured Credit Fund II, Avendus Finance Private Limited, lncred Credit Opportunities Fund I and II and India Credit Opportunities Fund II.

With this, Aggarwal has pledged about 2.43% shares of Ola Electric, or 8.09% of his shareholding in the company to raise capital for Krutrim.

As per Ola Electri...