News > Ola Electric raises $53 mn in round led by Temasek

Ola Electric raises $53 mn in round led by Temasek

08/12/2021 10:57 PM | Click to read full article

Temasek, which invested through its affiliate Macritchie Investments Pte. Ltd., led a ₹398 crore ($53 million) financing round for Ola Electric at a post-money equity valuation of $2.7 billion ( ₹2025 crore), according to VCCircle estimates.

The company issued 371 Series C preference shares to a dozen investors at ₹1,07,34,860 apiece, according to a recent regulatory disclosure filing.