Ola Electric, an electric scooter manufacturer led by Bhavish Aggarwal, announced plans to raise up to ₹1,700 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. This fundraising marks the company's first capital raise since its initial public offering (IPO) in August 2024. The board has approved the debt funding to support and accelerate Ola Electric's electric vehicle (EV) growth strategy. Separately, Hindustan Copper is also considering raising up to ₹500 crore via NCDs or bonds on a private placement basis, with a decision expected on June 27, 2025.