Ola Electric: Ola Electric, one of many main companies within the electrical two-wheeler market, has acquired a $140 million funding. The firm has acquired this funding as a part of a fundraising spherical spearheaded by Singapore funding agency Temasek. Ola Electric’s value has been established at $5.4 billion on account of this.
Ola Electric raises $140 million
This funding is value over Rs 1,164 crore on the present foreign money charge. Ola Electric intends to file paperwork for an Initial Public Offering (IPO) within the close to future. According to Reuters, the company may obtain funding earlier than this date. Temasek has already made a capital funding in Ola Electric. SoftBank Group of Japan can also be part of this fundraising spherical. Ola Electric can also be gearing as much as enter the electrical motorbike and electrical car markets.
Ola S1X
The enterprise has begun transport its most reasonably priced electrical scooter, the S1X. Ola S1X debuted final month. It might be provided in three distinct fashions and battery sizes. According to Ola Electric, it has acquired over 75,000 bookings. The S1X is obtainable with two battery pack choices, in keeping with the agency. The 2 kWh battery pack prices Rs 89,999, whereas the three kWh battery pack prices Rs 99,999. The S1X+ is offered in a single mannequin with a 3 kWh battery pack. It prices Rs. 1,09,999 (ex-showroom). The firm started promoting electrical scooters two years in the past and has since risen to the highest of the trade with a market share of over 40%.
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