Electric vehicle maker Ola Electric Mobility is now preparing to raise funds. According to reports, the company is planning to raise around Rs 2,000 crore by selling some stake in its subsidiary company Ola Cell Technologies (OCT). Through this move, the company is preparing to advance its battery-related business and invest in new technology.

According to sources associated with the matter, the company is in talks with several big investors to raise this fund. These could include sovereign wealth funds and global infrastructure investors. It is being told that Avendas Capital and Motilal Oswal have been given the responsibility to handle this entire fundraising process.

Moneycontrol was the first to report about this. However, questions were also asked to Ola Electric about this matter, but there has been no official response from the company till the news is published.

The company is working on indigenous battery technology.

The main focus of Ola Cell Technologies (OCT) is on the research and large-scale manufacturing of battery cells in India.

The company aims to develop its own battery technology, so that it has to depend less on other countries for battery cells. This is part of Ola Electric's vertical integration strategy. With this, the company can also get some protection from global and geopolitical risks related to the battery supply chain.