News > Ola Electric raises $200 mn from Tekne Private Ventures, others at $5 bn valuation

Ola Electric raises $200 mn from Tekne Private Ventures, others at $5 bn valuation

Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola Cabs’ parent ANI Technologies Pvt Ltd, has raised $200 million, or nearly ₹ 1,500 crores, in a funding round from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others at a valuation of $5 billion, the company said in a statement on Monday.

VCCircle had reported in October that Ola Electric was in the final stages of raising $200 million as part of a fresh raise which could value the startup at over $5 billion.