Entreprenuernewsnetwork

Ola Electric makes strategic investment in Israeli company StoreDot

March 22, 2022 by Entreprenuernewsnetwork

Ola Electric, India’s leading manufacturer of EVs, has invested in an Israeli battery technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) technology. The investment in StoreDot is the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry … Read more

Ola Electric raises $200M at a valuation of $5B

January 24, 2022 by Entreprenuernewsnetwork

Ola Electric, founded by Bhavish Aggarwal, is now valued at $5 billion thanks to a $200 million investment from Tekne Private Ventures, Alpine Opportunity Fund, and Edelweiss. Last December, the electric vehicle manufacturer raised $500 million from prominent institutional investors through a Term Loan B (TLB), which drew a massive response from investors, with interest … Read more