News > Ola Electric raises $200 million, valuation zooms to $5 billion

Ola Electric raises $200 million, valuation zooms to $5 billion

Business Today | 24/01/2022 05:57 PM | Click to read full article

Ola Electric has raised $200 million from a clutch of investors including Tekne Private Ventures, Alpine Opportunity Fund, and Edelweiss.

The fresh funding round values the company at $5 billion. The company was last valued at $3 billion in September last year when it raised $ 200 million from Softbank and FalconEdge. This also marks the eighth funding round of Ola Electric with a cumulative capital raise of $800 million.