Ola Electric: Ev Unit of Ola Ridesharing Company Is Now Reportedly Valued at More Than $1 Billion | In the News

Ola Electric — the India-based electric vehicle unit of the Ola ridesharing company — is now reportedly valued at more than $1 billion after raising $250 million in Series B from SoftBank, according to TechCrunch.

“Given the focus on EVs globally and in India, this doesn’t come as a surprise. (Ride-hailing apps) Uber and Didi are doing something similar in their core geographies. The Indian government’s focus, almost a diktat, that ride-sharing should transition to EV to achieve adoption targets is well known and these initiatives are part of it,” added Yugal Joshi — VP of Everest Group in an interview with Quartz.

Read more in Pulse 2.0

Request a briefing with our experts to discuss the 2022 key issues presented in our 12 days of insights.

How can we engage?

Please let us know how we can help you on your journey.

Contact Us

"*" indicates required fields

Please review our Privacy Notice and check the box below to consent to the use of Personal Data that you provide.