Ola Electric Technologies’ Funding of Working Capital Requirements

L&L Partners advised Bank of Baroda on the deal.

Bank of Baroda executed the funding of working capital requirements of Ola Electric Technologies Private Limited aggregating up to INR 616.00 Crore for its green field project for manufacturing two-wheeler vehicles at Krishnagiri District, Tamil Nadu with an initial capacity of 0.50 million vehicles per annum.

The L&L Partners team consisted of Partner Girish Rawat (Picture), Varun Chauhan (Senior Associate), and Himanshi Bhadoria (Associate).

Involved fees earner: Himanshi Bhadoria – Luthra & Luthra Law Offices; Varun Chauhan – Luthra & Luthra Law Offices; Girish Rawat – Luthra & Luthra Law Offices;

Law Firms: Luthra & Luthra Law Offices;

Clients: Bank of Baroda;