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New Deal


Announced

Completed

A consortium of investors led a $200m investment round in Ola Electric.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Automobiles

electric vehicles

India

Cross Border

Acquisition

Minority

Venture Capital

Completed

Private Equity

Private

Synopsis

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A consortium of investors including Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, led a $200m investment round in Ola Electric, an electric vehicle manufacturer. "Ola Electric is creating India's EV revolution and is driving cutting edge manufacturing from India for the entire world. With Ola S1, the best scooter ever made, we've changed the entire scooter industry and are now looking forward to bringing our innovative products to more two-wheeler categories including bikes as well as cars. I thank the investors for their support and look forward to partnering with them to take the EV revolution from India to the world," Bhavish Aggarwal, Ola Founder & CEO.

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