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

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

Promotional stickers for ride-hailing service Ola, owned by ANI Technologies Pvt., are displayed on an auto rickshaw in Bengaluru, India. Photographer: Namas Bhojani/Bloomberg

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.

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