Strategic Move to Bolster India’s AI Innovation
Bengaluru-based entrepreneur Bhavish Aggarwal, founder of Ola Electric, has pledged an additional ₹588 crore worth of his shares in the company to raise funds for his ambitious artificial intelligence venture, Krutrim. This latest move brings the total pledged shares to 5.88 crore, representing around 2.43% of Ola Electric’s total shares and 8.09% of Aggarwal’s personal stake in the company.