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Old 22nd March 2023, 18:07   #1
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Ola Electric to receive an investment of US$ 300 million

According to a media report, Ola Electric is set to receive an investment of US$ 300 million. These funds will help the company expand its operations in India.

Ola Electric to receive an investment of US$ 300 million-ola_s1_ccad4fef85-1.jpg

Reports also suggest that the fresh investment will come from existing and marquee global investors and sovereign funds. The latest round of funding will be managed by Goldman Sachs.

Ola Electric currently offers three variants of the S1 e-scooter: the S1 Air, S1 and S1 Pro. The company plans to expand its product portfolio with the introduction of new 2-wheelers. It also aims to enter the 4-wheeler EV segment in the future.

Ola Electric is setting up what is said to be the world’s largest EV hub in Krishnagiri, Tamil Nadu. It will house a 4-wheeler factory, cell manufacturing and supplier ecosystem.

Source: ET Auto

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Old 24th March 2023, 09:42   #2
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Re: Ola Electric to receive an investment of US$ 300 million

Kudos to Ola for whatever they have done on the transport side. There is a lot of respect for Bhavish in startup ecosystem for building a profitable cabs business (Uber is still bleeding). His running of Ola as a tight ship shows his sharp business acumen.

Having said that, he seems to be overreaching on EVs side. There are other competitors who have delivered more robust products (with in house design). On top of this, he is trying hard to emulate Musk's online presence.

Sample this

With all the capital at his disposal, a better way could be to stay low, improve the product and let the products do the talking.

Prancing around on some random songs (being played on Ola scooter) doesn't make anyone Musk
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