Ola Electric Secures $140 Million Investment Led by Temasek
Indian two-wheeler manufacturer Ola Electric is getting a major financial boost ahead of its much-anticipated initial public offering (IPO).
A $140 million funding round led by Singapore's renowned investment firm, Temasek will peg the Softbank-backed company at a staggering valuation of around $5.5 billion. Temasek is contributing around $90 million to this funding round, as Ola Electric looks to reach its funding target of up to $250 million.
This post is for subscribers only
Sign up to read the post and as well as all other member only posts. Subscribing only takes a few seconds and will give you immediate access.
Already have an account? Log in
Get unlimited access to tech news and data delivered to your inbox weekly.
You've successfully subscribed to Techloy
Great! Next, complete checkout to get full access to all premium content.
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.