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Ola Electric

Mobility · Bengaluru, IN

Electric two-wheeler manufacturer and market leader in India.

Funding history

DateRoundAmount
Jun 2024Debt
EV maker Ola Electric raised INR 100 Cr (~$12M) debt via NCDs from Alteria Capital ahead of its IPO.
$12M
Apr 2024Debt
EV maker Ola Electric raised INR 410 Cr (~$50M) debt via NCDs from EvolutionX Debt Capital ahead of its IPO.
$50M
Oct 2023Funding round
Ola Electric closed an INR 3,200 Cr ($384M) equity-and-debt round led by Temasek and SBI ahead of its IPO.
$384M
Jan 2022Funding round
India's Ola Electric raised over $200M at a $5B valuation.
$200M
Jan 2022Growth
Ola Electric completed a $200M round at a $5B valuation from Tekne Private Ventures, Alpine Opportunity Fund and Edelweiss to fund its EV expansion.
$200M
Sep 2021Series D Plus
Ola Electric raised $200M from Falcon Edge, SoftBank and others at a $3B valuation.
$200M
Apr 2021Funding round
Ola Electric, the Indian EV company, was reported in late-stage talks to raise over $300M (Temasek $120-150M, plus SoftBank and Tiger Global) at a $1.7B+ valuation.
$300M

Investors

Alpine Opportunity FundAlteria CapitalEdelweissEvolutionX Debt CapitalFalcon EdgeSoftBankState Bank of IndiaTekne Private VenturesTemasekTiger Global

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