SoftBank Vision Fund invested $250m in Ola Electric.

Synopsis

SoftBank Vision Fund, a subsidiary of SoftBank, invested $250m in Ola Electric, an electric vehicle company backed by Indian ride-hailing platform Ola. The latest funding is expected to have made Ola Electric a unicorn, or a startup valued at more than $1bn. SoftBank is now the single largest investor in Ola with about a 26% stake.

Principals

target

Ola Electric

bidder

Softbank Vision Fund

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