Temasek leads $140m funding in Ola Electric at a valuation of $5.4b

Temasek leads $140m funding in Ola Electric at a valuation of $5.4b

FILE PHOTO: A man checks his mobile phone as he waits while recharging his Ola electric scooter at an electric vehicle charging station in New Delhi, India, February 12, 2022. REUTERS/Aditi Shah/File Photo

Singapore’s investment firm Temasek led a $140 million funding round in India’s Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering.

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