Singapore Investment Company Temasek invested USD 140 million in Ola Electric ahead of IP | Technical, Finance, Investment Questions

Singapore Investment Company Temasek invested USD 140 million in Ola Electric ahead of IP

Sweety Singh

3 months ago

Ola Electric was founded by Bhavish Aggarwal and has seen its popularity surge as the country promotes use of electric cars and scooters.

Ola Electric is India’s leading manufacturer of electric vehicles (EVs).

Ola Electric, which is based in Bengaluru, has 38% share of India’s e-scooter market.


On 8th Sepetember 2023, Singapore Investment Company Temasek have given USD 140 million funding to Ola Electric ahead of IPO. After this investment, Ola Electric is valued at USD 5.4 Billion.


Ola Electric IPO : Ola Electric has filed for IPO.


Ola Electric is now a public company, which is a mandatory requirement for a company that wants to list on the stock exchange. 

The name of Ola Electric has been changed to Ola Electric Mobility Limited from Ola Electric Mobility Private Limited.

Sweety Singh

Student at IIIT GAZIABAD

3 months ago

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