Ola Electric: Ola Electric approves Rs 1,500 crore fundraise; COO Hyun Shik Park quits - The Economic Times

Ola Electric plans to raise up to Rs 1,500 crore through various share issuance methods. This significant fundraise follows a recent Rs 780 crore capital infusion in June. Separately, Chief Operations Officer Hyun Shik Park has resigned from the company citing personal reasons. The electric two-wheeler maker faces increased competition and declining market share. Ola Electric is working to improve sales and its financial performance.

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