Ola Electric raises $200 mn at a valuation of $5 bn

Ola Electric on Monday said it has raised over $200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at $5 billion. In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others that had valued the company at $3 billion (about Rs 22,272 crore). https://ift.tt/3rMHUo2