Ola Electric has also raised $52.7 million in a round led by Temasek
Bengaluru, NFAPost: Ola Electric has raised $139 million at a valuation of about $7.3 billion as a part of its Series J funding round.
The funding round was led by Mumbai headquartered, financial giant Edelweiss. IIFL, Siddhant Partners, Tejal Merchantile, Hero Enterprise have also invested. An allocation of Rs 4,63,471 shares has been made in Series J1 as Compulsorily Convertible Preference Shares (CCPS) at a premium price of Rs 22,625 per share.
Bengaluru-based startup Ola electric has also raised $52.7 million in a round led by Temasek. The investment comes two months after Ola electric raised $200 million at a $3 billion valuation in a round led by Alpha Wave Global, according to TechCrunch.
Apart from PE funds, individuals and corporates have also poured in money in the company as a part of the new funding round.
