Fundz

Ola Electric Raises $200 Million In Fresh Funding At $5 Billion Valuation

Jan 24, 2022

Amount Raised

$200 Million

Round Type

Funding Round

MumbaiTransportationAutomotiveElectric Vehicle

Description

New Delhi: Ola Electric has raised $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, according to a Reuters report.

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Company Information

Company

Ola Electric

Location

100 Feet Road

Mumbai, Maharashtra, India

About

Ola Electric is an Indian electric vehicle manufacturer established in 2017 by Bhavish Aggarwal, who is also a co-founder of Ola Cabs. The company specializes in designing and producing electric two-wheelers, particularly the Ola S1 series of electric scooters, which are tailored for high performance and longer battery range in Indian conditions. The company operates a vertically integrated business model that encompasses manufacturing, sales, and service. Its flagship facility, the Ola Futurefactory in Tamil Nadu, is the largest two-wheeler EV factory in the world, designed to produce millions of electric scooters annually. Ola Electric also offers a growing network of service centers and charging infrastructure to support its customers. Ola Electric has attracted significant investment from major investors, raising over $1.2 billion to fuel its expansion and innovation. The company aims to promote sustainable mobility and reduce reliance on fossil fuels, positioning itself as a key player in the electric vehicle market.

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Ola Electric raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.