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 editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
