Ola Electric is now valued at $5 billion, raises another $200 million
Bengaluru based Ola Electric announced that it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss The post Ola Electric is now valued at $5 billion, raises another $200 million appeared first on EVreporter.
Bengaluru based Ola Electric announced that it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others. The latest round values the company at $5 billion.
The Company has built its manufacturing unit in Tamil Nadu that claims to be the world’s largest 2W manufacturing facility. Ola Futurefactory which will employ over 10,000 women at full capacity, and will be the world’s largest and only all-women automotive manufacturing facility globally, a company statement said.
Bhavish Aggarwal, Founder & CEO, Ola said “Ola Electric is creating India’s EV revolution and is driving cutting edge manufacturing from India for the entire world. With Ola S1, the best scooter ever made, we’ve changed the entire scooter industry and are now looking forward to bringing our innovative products to more two wheeler categories including bikes as well as cars. I thank the investors for their support and look forward to partnering with them to take the EV revolution from India to the world.”
Also read – OLA Electric launches electric scooters S1 and S1 Pro starting at Rs. 99,999
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The post Ola Electric is now valued at $5 billion, raises another $200 million appeared first on EVreporter.
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