Ola Electric Shareholders Approve Changes to IPO Fund Use

Ola Electric, an electric vehicle maker, got permission from its shareholders to change how it uses money raised from selling stocks.

They had planned to build a big factory but are now making it smaller.

The company had promised to make a lot of batteries, but it's now making fewer.

They raised a lot of money and were going to use it to make more batteries, pay off debts, and develop new things.

The company is planning to put their own batteries in their vehicles soon.

The shareholders agreed to let them use the money in other ways to help the company grow.