Ola Electric raises over $200 million at $3 billion valuation

Ola Electric has raised over $200 million led by Falcon Edge, Softbank and others. 

New Delhi: Electric vehicle (EV) manufacturer Ola Electric on Thursday announced that it has raised over $200 million led by Falcon Edge, Softbank and others, at a valuation of $3 billion.

Ola said it will accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car.

"We`re proud to lead the EV revolution from India to the world. India has the talent and the capability to build technologies of the future for the industries of the future for the entire world," said Bhavish Aggarwal, Founder and CEO, Ola.