Ola Electric Mobility reached a valuation of $6.99 billion following the launch of its new e-motorcycle line and battery plan, enhancing its competitive position in India's two-wheeler market.
Round Type
Funding Round
MumbaiTransportationAutomotiveElectric VehicleDescription
Ola Electric Mobility has surged to a valuation of approximately $6.99 billion, following the launch of its e-motorcycle lineup and a strategic shift to produce its own batteries. This move is expected to strengthen its market position against larger rivals in India’s rapidly growing e-scooter segment.
Quick answer
Ola Electric raised an undisclosed amount in a Funding Round round, dated August 16, 2024. Ola Electric is based in Mumbai, Maharashtra, India.
- How much did Ola Electric raise?
- Ola Electric raised an undisclosed amount in a Funding Round round on August 16, 2024.
- What does Ola Electric do?
- Ola Electric is an Indian electric vehicle manufacturer established in 2017 by Bhavish Aggarwal, who is also a co-founder of Ola Cabs.
- Where is Ola Electric based and how big is it?
- Ola Electric is based in Mumbai, Maharashtra, India. Fundz records about 960 employees.
- Who are the decision-makers at Ola Electric?
- Fundz holds 2 contacts at Ola Electric. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Ola Electric that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
- Zeno raised $9.5M (Seed) on September 25, 2024.
- Harbinger raised $82M on September 25, 2024.
- Cariqa raised $1.1M (Pre-Seed) on September 23, 2024.
- DOON raised $1.5M (Pre-Seed) on September 23, 2024.
- Everest Fleet raised $30M (Series C) on September 20, 2024.
Who to call at Ola Electric, and when
A new round usually means Ola Electric is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ola Electric raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ola Electric, from your own LinkedIn network
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Related People
Ola Electric raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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