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Ola Electric spent Rs.229 crore on electric three-wheeler development

Ola Electric Mobility Ltd said it has spent at least Rs.229 crore developing electric three-wheelers. The company linked the spending to delays that have pushed back the planned launch of the vehicle.

OLAELEC

229 crore on developing electric three-wheelers, with delays pushing back the launch of a vehicle intended to help diversify beyond scooters. The Bengaluru-based company disclosed the spending for the first time in its annual report. New Delhi, Sept. 10 -