India: Ola Electric raises $53m led by Temasek, valued at $2.7b

India: Ola Electric raises $53m led by Temasek, valued at $2.7b

REUTERS/Aditi Shah/Files

Temasek, which invested through its affiliate Macritchie Investments Pte. Ltd., led a 398 crore ($53 million) financing round for Ola Electric at a post-money equity valuation of $2.7 billion ( 2025 crore), according to VCCircle estimates.

The company issued 371 Series C preference shares to a dozen investors at 1,07,34,860 apiece, according to a recent regulatory disclosure filing.

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