Ola Electric secures $300-million funding at $6-billion valuation
Electric scooter maker Ola Electric has secured $300 million (about Rs 2,500 crore) in its latest funding round, which will push up its valuation to $6 billion, merchant banking sources told Business Standard on Monday.
The company had raised $200 million at a valuation of $5 billion in January 2022.
The latest round is led by a leading sovereign fund company and has received an overwhelming response from other investors, the sources said, adding that the paper work for the deal will be finalised in a few weeks.
