{"id":612684,"date":"2023-10-27T09:27:33","date_gmt":"2023-10-27T03:57:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=612684"},"modified":"2023-10-27T09:51:35","modified_gmt":"2023-10-27T04:21:35","slug":"ola-electric-in-giga-drive-rs-3200-crore-to-fund-its-ev-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ola-electric-in-giga-drive-rs-3200-crore-to-fund-its-ev-business\/","title":{"rendered":"Ola Electric in &#8216;giga&#8217; drive: Rs 3,200 crore to fund its EV business"},"content":{"rendered":"<p>Ola Electric announced that it has secured about Rs 3,200 crore in funding as part of its equity and debt round. This funding was obtained from Temasek-led marquee investors and project debt from State Bank of India. The funding round, which includes equity, has raised the Bengaluru-based firm\u2019s valuation to $5.5 billion, up from its previous valuation of $5 billion, according to sources. <\/p>\n<p>The funds raised are expected to create an interim event and pave the way for an initial public offering (IPO), which may be in the range of $800 million to $1 billion. <\/p>\n<p>A person familiar with the company\u2019s strategy said, \u201cOla is planning to go public in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric announced that it has secured about Rs 3,200 crore in funding as part of its equity and debt round. This funding was obtained from Temasek-led marquee investors and project debt from State Bank of India. The funding round, which includes equity, has raised the Bengaluru-based firm\u2019s valuation to $5.5 billion, up from its previous valuation of $5 billion, according to sources. The funds raised are expected to create an interim event and pave the way for an initial public offering (IPO), which may be in the range of $800 million to $1 billion. A person familiar with the [&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-612684","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\/612684","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=612684"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612684\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=612684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=612684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=612684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}