Ola Electric receives Rs 95.81 crore incentive under PLI-Auto scheme

Ola Electric has secured Rs 95.81 crore in incentives from the government's Production Linked Incentive (PLI) Scheme. This capital injection signals that the PLI is actively channelling subsidies to scale two-wheeler electrification; builders in charging infrastructure, battery recycling, and last-mile logistics should prepare for a surge in EV fleets competing for network access and service density.

Source: Inc42 ↗