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Ola Electric desperately seeks equity capital
Running low on reserves, Bhavish Aggarwal seems to be in a hurry to tap the public markets to feed his cash-guzzling EV business.
19 December, 2023•8 min
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19 December, 2023•8 min
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Ola Electric is shrinking to survive
Despite reducing total losses, the electric scooter maker is losing double the money for every rupee it earns. Collapsing sales, shrinking market share and mounting cash pressure expose its vulnerabilities.
