From TechCrunch
By Manish Singh
October 26, 2023
Ola Electric said on Thursday that it has raised $384.43 million in a funding round, which included about $240 million in debt. The new round values the Bengaluru-headquartered electric vehicle startup — which supposedly has no ongoing relationship with the ride-hailing startup Ola but continues to share resources, much to many investors’ chagrin –at about […]
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Ola Electric seeks to raise $662 million in India IPO
India’s Ola Electric seeks to raise $661.8 million by selling new shares in an initial public offering, the six-year-old Bengaluru-headquartered startup said in draft papers filed with the country’s market regulator on Friday. The paperwork for the initial public offering follows Ola Electric raising $384 million from Temasek and Indian government-backed lender State Bank of India […]
Dec 22, 2023
EV startup Ather seeks to raise $370 million in India IPO
Indian electric scooter manufacturer Ather Energy plans to raise about $370 million in its initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market. The Bengaluru-based startup, which competes with recently listed rival Ola Electric, is targeting a valuation of $1.5 billion to $2 billion, people familiar with the matter told TechCrunch. The company said it
Sep 9, 2024
Indian EV startup Zypp Electric secures ENEOS backing to fund expansion tonSoutheast Asia
Indian startup Zypp Electric plans to use fresh investment from Japanese oil andnenergy conglomerate ENEOS to take its EV rental service into Southeast Asianearly next year, TechCrunch has exclusively learned. The company aims to be inn15 markets over the next two years. Of those 15 markets, Zypp Electric plans tonlaunch its […]
May 26, 2024
Ola’s Aggarwal sets eyes on AI, semiconductor design
Indian entrepreneur Bhavish Aggarwal, co-founder of ride-hailing firm Ola and electric vehicle startup Ola Electric, is venturing into fresh terrain as he navigates his businesses towards initial public offerings. He has set up an AI startup that seeks to develop a large language model and is currently scouting two U.S.-headquartered AI startups for a potential […]
Aug 1, 2023