Temasek led a $140m round in Ola Electric.

Transaction Tags

• electric vehicles
• Automobiles
• India
• Cross Border
• Private
• Completed
• Single Bidder
• Acquisition
• Minority
• Private Equity
• Friendly

Synopsis

Temasek, a global investment company, led a $140m round in Ola Electric, an Indian electric two-wheeler manufacturer. Ola Electric, founded by Bhavish Aggarwal, has become India's e-scooter market leader with a 32% share, competing with Ather Energy as well as companies such as TVS Motor and Hero Electric.

Sources