SoftBank has provided $250m of series B funding for EV infrastructure developer Ola Electric Mobility, reportedly pushing its valuation to $1bn.
Ola Electric Mobility, the India-based electric vehicle (EV)-focused spinoff of ride hailing service Ola, has collected $250m in series B capital from telecommunications conglomerate SoftBank, TechCrunch reported today, citing a regulatory filing.
The round valued Ola Electric Mobility at $1bn, an undisclosed source told TechCrunch.
Established earlier this year, Ola Electric Mobility was set up to focus on the EV ecosystem, targeting areas such as battery and charging technology, battery-swapping stations and additional infrastructure that would enable commercial fleets to…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
