India, Sept. 5 -- Listed EV maker Ola Electric's board has approved a fresh fundraise of up to Rs.1,500 Cr, three months after the company raised Rs.780 Cr through a QIP.

In an exchange filing, the Bhavish Aggarwal-led company said it plans to raise the capital by issuing equity shares and/or securities convertible into or exchangeable for equity shares.

The fundraise may be undertaken through one or more routes, including a further public offer, rights issue, QIP, private placement, or the issuance of instruments such as convertible debentures, warrants, American Depository Receipts, and Global Depository Receipts.

The proposal is subject to approval from shareholders and other regulatory or statutory authorities. The filing did not d...