{"id":441029,"date":"2021-10-09T10:11:29","date_gmt":"2021-10-09T04:41:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=441029"},"modified":"2021-10-09T11:20:06","modified_gmt":"2021-10-09T05:50:06","slug":"ola-electric-is-raising-another-200-mn-at-over-5-bn-valuation-sources","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ola-electric-is-raising-another-200-mn-at-over-5-bn-valuation-sources\/","title":{"rendered":"Ola Electric is raising another $200 mn at over $5 bn valuation: Sources"},"content":{"rendered":"<p>Ola Electric is raising another $200 million (around Rs 1,500 crore) from a clutch of investors in a fresh funding round, valuing the electric vehicle maker at over $5 billion, according to sources.<\/p>\n<p>The latest round is seeing participation from existing investors and some US-based bluechip tech funds, the sources said.<\/p>\n<p>When contacted, Ola declined to comment.<\/p>\n<p>On September 30, Ola had announced raising over $200 million in funding from Falcon Edge, SoftBank and others, valuing it at $3 billion.<\/p>\n<p>While the round was closed around June, the official announcement was made recently.<\/p>\n<p>The company has previously raised over USD 600 million from investors, including Tiger Global and Matrix India. This included a $100 million debt from Bank of Baroda that was announced in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric is raising another $200 million (around Rs 1,500 crore) from a clutch of investors in a fresh funding round, valuing the electric vehicle maker at over $5 billion, according to sources. The latest round is seeing participation from existing investors and some US-based bluechip tech funds, the sources said. When contacted, Ola declined to comment. On September 30, Ola had announced raising over $200 million in funding from Falcon Edge, SoftBank and others, valuing it at $3 billion. While the round was closed around June, the official announcement was made recently. The company has previously raised over USD [&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-441029","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\/441029","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=441029"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441029\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=441029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=441029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=441029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}