Electric vehicle producer Ola Electric has tripled its valuation to $3bn in just two years having secured its latest funding in a round co-led by SoftBank.
Ola Electric, the India-based electric vehicle (EV) spinoff of ride hailing service Ola, has raised $200m in a funding round co-led by internet and telecommunications conglomerate SoftBank.
Alternative asset manager Falcon Edge co-led the round, which also featured undisclosed additional investors. The deal valued the EV producer at $3bn, up from a $1bn valuation from two years ago.
Spun off by Ola in April 2019, Ola Electric sells an electric scooter called the S1 which can reach speeds of 90km…
