Temasek to lead $300 Mn Ola Electric funding round
Shortpedia
Content Team
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Singapore’s sovereign wealth fund Temasek is reportedly set to lead a $300-350 Mn funding round in its portfolio startup Ola Electric. The PE firm is said to be looking to invest $100-150 Mn in the electric vehicle maker. Per sources cited by Mint, the deal is said to be in the final stages of due diligence, as the funding round is set to take Ola Electric’s valuation to $6 Bn, 20% higher than the $5 Bn valuation it secured in its $200 Mn funding round last January.
