Ola Electric in talks to raise $1b from strategic and financial investors

Ola Electric Mobility, the two-wheeler maker controlled by Bhavish Aggarwal, is in talks to raise as much as $1 billion from strategic and financial investors, two people aware of the matter said.

The company has hired investment bank JPMorgan, which has reached out to several large private equity funds for the investment, the people said on condition of anonymity as the talks are private.

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