Softbank invested $ 250 million in Ola Electric
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Softbank invested $ 250 million in Ola Electric

Japan’s Soft Bank has invested $ 250 million in Ola Electric Mobility Firm. This investment has made valuation of Ola Electrons $ 1 billion. When Flip-kart, Zomato, PAYTM and its parent company Ola have joined the country’s Unicorn Club. Unicorn is called companies whose value is at least $ 1 billion.

Tata is also an investor in Ola Electric

Tata Sons Chairman Ratan Tata also invested in Ola Electric in May. The company did not tell Tata’s investment fund. Ratan Tata has invested in Ola Electric’s parent company Ola. Softbank is the largest investor in Ola.

Ola Electric Mobility collected Rs 400 crore in March this year by the investor of Tiger Global and Matrix India.

Ola Electric announced the mission electric last year. Its aim is to prepare one million electric vehicles by 2021. Currently, the company is working on preparing an electric vehicle in charging solutions, battery swapping stations and two-to-four-wheeler segments.

Nikunj Sonagara
Nikunj is a professional writer having more than 5 years experience in this field. Nikunj is a technology geek and is always enthusiastic to know what is happening in the technology world.
http://www.industryanalysisnews.com

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