New Delhi: Ola Electric on Monday said it had collected more than $ 200 million (around Rs 1,490.5 Crore) from Private Ventures Tekne, Alpine’s opportunity funds, Edelweiss and others, assessed the maker of electric vehicles for $ 5 billion.
In September last year, Ola Electric has announced raising the same number in funding from Falcon Edge, Softbank and others who have appreciated the company with $ 3 billion (around Rs 22,272 Crore).
“Ola Electric created an Indian EV revolution and driving advanced manufacturing from India for the whole world.
With Ola S1, the best scooter ever made, we have changed the entire scooter industry and now hopes to bring our innovative products to more two-wheeled categories, Including bicycles and cars.
“I thank the investors for their support and hope to partner with them to take the EV revolution from India to the world,” said CEO Bhavish Aggarwals in a statement.
Over the past 12 months, Ola Electric has built a ‘period The front ‘, which is claimed to be the largest two-wheeled manufacturing facility in the world, and launched an electric scooter Ola S1.
Ola facility will employ more than 10,000 women with full capacity and will.
Be the factory only the biggest woman globally.
In the past, Ola Electric has been Increasing funds from various investors, including global and Matrix India.
In July last year, Ola Electric has announced signing.
100 million (around Rs 744.5 Crore) 10 years Futures Debt Financing Agreement with the Bank of Baroda.
Ola Electric raised $ 200 mn with a $ 5 BN rating
