{"id":439470,"date":"2021-10-01T08:21:23","date_gmt":"2021-10-01T02:51:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439470"},"modified":"2021-10-01T09:18:30","modified_gmt":"2021-10-01T03:48:30","slug":"fundraise-of-200-mn-triples-ola-electric-valuation-to-3-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fundraise-of-200-mn-triples-ola-electric-valuation-to-3-billion\/","title":{"rendered":"Fundraise of $200 mn triples Ola Electric valuation to $3 billion"},"content":{"rendered":"<p>Ola Electric, the ride-hailing firm&#8217;s electric vehicle arm has raised over $200 million led by Falcon Edge, Softbank and others, tripling its valuation to $3 billion.<\/p>\n<p>In July 2019, Ola Electric raised $250 million from Masayoshi Son\u2019s SoftBank. It was just a two-year-old firm at that time. The investment made the fledgling venture a \u201cunicorn\u201d, or a start-up valued at more than $1 billion.<\/p>\n<p>Ola will accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car. The funding will further strengthen Ola\u2019s \u2018Mission Electric\u2019- which urges the industry and consumers to commit to electric and ensure that no petrol two-wheelers should be sold in India after 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric, the ride-hailing firm&#8217;s electric vehicle arm has raised over $200 million led by Falcon Edge, Softbank and others, tripling its valuation to $3 billion. In July 2019, Ola Electric raised $250 million from Masayoshi Son\u2019s SoftBank. It was just a two-year-old firm at that time. The investment made the fledgling venture a \u201cunicorn\u201d, or a start-up valued at more than $1 billion. Ola will accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car. The funding will further strengthen Ola\u2019s \u2018Mission Electric\u2019- which urges the industry and consumers to commit to electric [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-439470","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=439470"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439470\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}