Ola has raised $200 million or Rs 1,486 crore in the latest round of funding led by Falcon Edge, SoftBank and other investors. The company has received a valuation of $3 billion or more. 22,281 crores.
see photosOla says it will accelerate development of other vehicle platforms like motorbikes and cars
Ola Electric, the EV arm of ride-sharing app Ola Cabs, has announced to raise $200 million, or over ₹1,486 crore, in the latest round of funding led by Falcon Edge, SoftBank and other investors. The company has got a valuation of over $3 billion or Rs 22,281 crore. The company recently launched its first electric scooter Ola S1, which comes in two variants – S1 and S1 Pro. Ola says it will accelerate the development of other vehicle platforms including electric motorbikes, mass-market scooters and its electric cars.
Read also: Ola Electric sold scooters worth over ₹1,100 crore in just two days
Ola Electric is pleased with the fact that the latest round of funding comes at a time when the company has already sold electric scooters worth over Rs 1,100 crore. first purchase window Only 48 hours. In its official statement, the company said that this new round of funding will further strengthen Ola’s “Mission Electric”, which urges the industry and consumers to commit to electric, and ensure that by 2025 After that no petrol two wheeler should be sold in India.
Bhavish Aggarwal, Founder and CEO, Ola says that India has the talent and potential to build future technologies for future industries for the entire world.
Speaking on the occasion, Bhavish Aggarwal, Founder and CEO, Ola said, “India has the talent and potential to build future technologies for future industries for the entire world. I would like to thank our existing investors. And welcome new investors. Ola. Together we will bring dynamism to a billion and stability in the future.”
Read also: Ola Electric Futurefactory to be run by 10,000 women
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Ola Electric is also building the Futurefactory in Krishnagiri, Tamil Nadu, which is spread over 500 acres and will have a production capacity of 10 million vehicles per year when fully completed. Ola says this will be the world’s largest, most advanced 2W factory, and has completed Phase I manufacturing and is currently undergoing production trials. Ola FutureFactory will also be the world’s largest factory run entirely by women. On a full scale, it will employ more than 10,000 women.
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