Bhavish Aggarwal-Led Ola Electric Bags $300 Mn Funding At $6 Bn Valuation: Report

Bhavish Aggarwal-Led Ola Electric Bags $300 Mn Funding At $6 Bn Valuation: Report

SUMMARY

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.

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