July 02 - 09:07
Ola Electric raises $250 million from SoftBank
Ola Electric has become India's latest unicorn after a fresh funding round. The electric vehicle company has pocketed $250 million from SoftBank in a Series B round. Ola is in competition with Uber in the country and will use the money to scale its nationwide growth. It plans to put 10,000 more vehicles on India's roads by the end of 2019.
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