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Temasek led a $140m round in Ola Electric.

Announced

Completed

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

Transaction Value

£111m

Consideration Type

Cash

Capital Owned

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