According to a report in Hindustan Times, Ola Electric is trying to increase $1 billion from strategic and monetary buyers.
see imagesThe Ola Electric S1 scooter was launched just a few weeks again
According to a report in Hindustan Times, Ola Electric is trying to increase $1 billion from strategic and monetary buyers. The firm is trying to increase funds from strategic and monetary buyers and has employed funding financial institution, JP Morgan for the mentioned goal. Team carandbike contacted Ola Electric and the information was termed as speculative. Just final month, Ola Electric raised $100 million in long-term mortgage for a interval of 10 years from Bank of Baroda to shut the primary part of growth of its Futurefactory, which is able to manufacture electrical two-wheelers.
Also learn: Ola Electric raises $100 million from Bank of Baroda
(Have a take a look at the specs of Ola S1 and S1 Pro)
The firm just lately launched its first mannequin S1 and S1 Pro electrical scooters, beginning at Rs 99,999. The top-spec Ola S1 Pro variant has been priced at Rs 129,999 (ex-showroom). Both the variants differ in efficiency, vary, variety of driving modes and variety of colors, although the fundamental design stays the identical. The S1 Pro will get further options over the bottom S1 variant akin to voice management, hill maintain and cruise management.
Also Read: Ola S1 Electric Scooter Variants Explained
(Bhavish Agarwal with Ola electrical scooter)
The S1 Pro additionally has sooner acceleration, higher vary and better high velocity. The Ola S1 gives a spread of 121 km and a high velocity of 90 kmph with two driving modes, Normal and Sports. The top-spec Ola S1 Pro comes with a claimed high velocity of 115 kmph with 181 km vary and three driving modes, Normal, Sports and Hyper.
In July 2021 itself, Temasek and Warburg Pincus introduced an funding of $ 500 million in Ola. Co-founder and Chief Executive Officer (CEO) Bhavish Agarwal additionally participated within the new funding spherical. The ride-hailing startup, which has SmoothBank as its lead investor, has secured the funding practically two years after its Series J financing spherical. Ola can be planning to go public and file an IPO quickly.
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Source: Hindustan Times
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With inputs from NDTV
