The latest round is led by an undisclosed, leading sovereign fund company
However, Ola Electric’s one of the first major investors SoftBank Group is not participating in this round
The company will utilise the fresh funds to increase its electric two-wheeler capacity from 0.5 Mn to 2 Mn per annum
Bhavish Aggarwal-led electric mobility major Ola Electric has reportedly raised $300 Mn in its latest funding round. With this funding, Ola Electric has reached a valuation of $6 Bn.
The latest round is led by an undisclosed, leading sovereign fund company, Business Standard reported. Interestingly, Ola Electric’s one of the first major investors SoftBank Group is not participating in this round.