Charged up: PEs & VCs pump big money into electric vehicles
Private equity firms and venture capitalists are betting big on the electric vehicle (EV) and allied sectors, on expected higher traction for alternative fuels and a demand upswing in the country.
Investment activity in the EV space jumped after Japan’s SoftBank Vision Fund said in 2019 that it would invest $265 million in Ola Electric, ride hailing company Ola’s EV arm that is setting up an EV manufacturing facility in Krishnagiri, Tamil Nadu.
