India's Ola Electric raises $200m round led by Falcon Edge, Softbank, others

Ola Electric, India’s leading electric vehicles manufacturer, today announced that it has raised over $200 million in a funding round, led by Falcon Edge, Softbank and others. The latest funding round took the company’s valuation to $3 billion.

Ola Electric, the EV arm of the ride-hailing startup Ola, said, the current round will help it accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car.

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