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Ola scooter factory at Krishnagiri
July 20 , 2021
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- The ola company signed a $100-million, 10-year debt financing agreement with Bank of Baroda to fund the first phase of its electric two-wheeler vehicle factory in Tamil Nadu.
- The agreement is the largest long-term debt financing agreement in the Indian electric vehicle industry.
- The EV factory is being built on a 500-acre site in Krishnagiri.
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