ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
DealStreetAsia

SoftBank-backed India EV startup raises $200m for foray into cars

Ola Electric says at full capacity its female-only plant will employ 10,000

Ola Electric's latest fundraising round has given the company a $5 billion valuation, the scooter maker says.   © Reuters

NEW DELHI -- Two-wheel vehicle maker Ola Electric of India has announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and other parties at a valuation of $5 billion.

The latest financing comes not even two months after the Bengaluru-based startup secured about $53 million in a round led by Singapore's state investment firm Temasek, with participation from Edelweiss, IIFL and Vijay Shekhar Sharma's VSS Investco, according to Ola Electric's filings.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more