Friday, 24 March, 2023

Ola Electric raises $200M in new funding round

<p>Even as the Indian ride-hailing giant&#39;s spin-off struggles to deliver its first electric scooter to customers, Ola Electric announced that it raised $200M in a new financing round. The new round was funded by Tekne Private Ventures, Alpine Opportunity Fund, and Edelweiss and valued Ola Electric at $5B. Ola Electric co-founder and CEO Bhavish Aggarwal said the startup wants to branch out into other areas, such as automobiles.</p>