Ola Electric raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others. The latest round values the company at $5 billion.
Speaking on the development, Bhavish Aggarwal, Founder & CEO, Ola said “Ola Electric is creating India’s EV revolution and is driving cutting edge manufacturing from India for the entire world. We are now looking forward to bringing our innovative products to more two wheeler categories including bikes as well as cars. I thank the investors for their support and look forward to partnering with them to take the EV revolution from India to the world.”
Ola Futurefactory which will employ over 10,000 women at full capacity, will be the world’s largest women only factory and the only all-women automotive manufacturing facility globally.