{"id":1412,"date":"2024-06-12T12:28:27","date_gmt":"2024-06-12T12:28:27","guid":{"rendered":"https:\/\/entestartup.com\/?p=1412"},"modified":"2024-06-12T12:28:27","modified_gmt":"2024-06-12T12:28:27","slug":"%e0%b4%86%e0%b5%be%e0%b4%9f%e0%b5%8d%e0%b4%9f%e0%b5%80%e0%b4%b0%e0%b4%bf%e0%b4%af-%e0%b4%95%e0%b5%8d%e0%b4%af%e0%b4%be%e0%b4%aa%e0%b4%bf%e0%b4%b1%e0%b5%8d%e0%b4%b1%e0%b4%b2%e0%b4%bf%e0%b5%bd-%e0%b4%a8","status":"publish","type":"post","link":"https:\/\/entestartup.com\/en\/%e0%b4%86%e0%b5%be%e0%b4%9f%e0%b5%8d%e0%b4%9f%e0%b5%80%e0%b4%b0%e0%b4%bf%e0%b4%af-%e0%b4%95%e0%b5%8d%e0%b4%af%e0%b4%be%e0%b4%aa%e0%b4%bf%e0%b4%b1%e0%b5%8d%e0%b4%b1%e0%b4%b2%e0%b4%bf%e0%b5%bd-%e0%b4%a8\/","title":{"rendered":"Ola Electric to raise Rs 100 crore from Alteria Capital"},"content":{"rendered":"
Ola Electric is raising INR 100 Cr ($12 M) from venture debt fund Alteria Capital by issuing 10,000 non-convertible debentures (NCDs) with a face value of Rs 1 lakh.Earlier, EvolutionX had raised Rs 410 crore in debt from Debt Capital.<\/p>\n\n\n\n
IPO Approval: The company has received Sebi's approval for an IPO comprising a fresh issue of shares worth Rs 5,500 crore and an offer for sale (OFS) of up to 9.51 crore shares.<\/p>\n\n\n\n
Funding History: Including a $384 mn funding round last year, Ola Electric has raised $1.4 bn to date.<\/p>\n\n\n\n
Financial Performance: The company reported a net loss of Rs 1, 471.6 crore for the financial year 2023, indicating an increase of 88% year-on-year. Sales rose 7 times to Rs 2,630 crore. For Q1 FY24, it reported a loss of Rs. 267.1 crore on operating income of Rs.1, 242.7 crore.<\/p>\n\n\n\n
Operational Streamlining: In preparation for the IPO, Ola Electric plans to reduce its headcount by 400-500 employees. Despite leading the electric two-wheeler registrations, Ather Energy continues to be a loss-making entity when it comes to competing with the likes of Bajaj, Hero and TVS.<\/p>","protected":false},"excerpt":{"rendered":"
\u0d15\u0d1f\u0d02 \u0d38\u0d2e\u0d3e\u0d39\u0d30\u0d3f\u0d15\u0d4d\u0d15\u0d7d: 1 \u0d32\u0d15\u0d4d\u0d37\u0d02 \u0d30\u0d42\u0d2a \u0d2e\u0d41\u0d16\u0d35\u0d3f\u0d32\u0d2f\u0d41\u0d33\u0d4d\u0d33 10,000 \u0d28\u0d4b\u0d7a-\u0d15\u0d7a\u0d35\u0d46\u0d7c\u0d1f\u0d4d\u0d1f\u0d3f\u0d2c\u0d3f\u0d7e \u0d21\u0d3f\u0d2c\u0d1e\u0d4d\u0d1a\u0d31\u0d41\u0d15\u0d7e (NCD) \u0d07\u0d37\u0d4d\u0d2f\u0d42 \u0d1a\u0d46\u0d2f\u0d4d\u0d2f\u0d41\u0d28\u0d4d\u0d28\u0d24\u0d3f\u0d32\u0d42\u0d1f\u0d46 \u0d35\u0d46\u0d1e\u0d4d\u0d1a\u0d4d\u0d35\u0d7c \u0d21\u0d46\u0d31\u0d4d\u0d31\u0d4d \u0d2b\u0d23\u0d4d\u0d1f\u0d4d \u0d06\u0d7e\u0d1f\u0d4d\u0d1f\u0d40\u0d30\u0d3f\u0d2f \u0d15\u0d4d\u0d2f\u0d3e\u0d2a\u0d3f\u0d31\u0d4d\u0d31\u0d32\u0d3f\u0d7d \u0d28\u0d3f\u0d28\u0d4d\u0d28\u0d4d Ola Electric INR 100 Cr ($12 M) \u0d38\u0d2e\u0d3e\u0d39\u0d30\u0d3f\u0d15\u0d4d\u0d15\u0d41\u0d28\u0d4d\u0d28\u0d41. \u0d28\u0d47\u0d30\u0d24\u0d4d\u0d24\u0d46, EvolutionX \u0d21\u0d46\u0d2c\u0d4d\u0d31\u0d4d\u0d31\u0d4d \u0d15\u0d4d\u0d2f\u0d3e\u0d2a\u0d3f\u0d31\u0d4d\u0d31\u0d32\u0d3f\u0d7d \u0d28\u0d3f\u0d28\u0d4d\u0d28\u0d4d 410 \u0d15\u0d4b\u0d1f\u0d3f \u0d30\u0d42\u0d2a \u0d15\u0d1f\u0d02 \u0d38\u0d2e\u0d3e\u0d39\u0d30\u0d3f\u0d1a\u0d4d\u0d1a\u0d3f\u0d30\u0d41\u0d28\u0d4d\u0d28\u0d41. \u0d10\u0d2a\u0d3f\u0d12 \u0d05\u0d02\u0d17\u0d40\u0d15\u0d3e\u0d30\u0d02: \u0d15\u0d2e\u0d4d\u0d2a\u0d28\u0d3f\u0d15\u0d4d\u0d15\u0d4d 5,500 \u0d15\u0d4b\u0d1f\u0d3f \u0d30\u0d42\u0d2a\u0d2f\u0d41\u0d1f\u0d46 \u0d13\u0d39\u0d30\u0d3f\u0d15\u0d33\u0d41\u0d1f\u0d46 \u0d2a\u0d41\u0d24\u0d3f\u0d2f \u0d07\u0d37\u0d4d\u0d2f\u0d42\u0d35\u0d41\u0d02 9.51 \u0d15\u0d4b\u0d1f\u0d3f \u0d35\u0d30\u0d46\u0d2f\u0d41\u0d33\u0d4d\u0d33 \u0d13\u0d39\u0d30\u0d3f\u0d15\u0d33\u0d41\u0d1f\u0d46 \u0d13\u0d2b\u0d7c \u0d2b\u0d4b\u0d7c \u0d38\u0d46\u0d2f\u0d3f\u0d7d (OFS) \u0d05\u0d1f\u0d19\u0d4d\u0d19\u0d41\u0d28\u0d4d\u0d28 \u0d10\u0d2a\u0d3f\u0d12\u0d2f\u0d4d\u0d15\u0d4d\u0d15\u0d4d […]<\/p>","protected":false},"author":11,"featured_media":1413,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-news"],"yoast_head":"\n