https://techcrunch.com/2021/09/30/ola-electric-raises-200-million-at-3-billion-valuation/

Ola Electric said on Thursday it has raised over $200 million in a new financing round at a valuation of $3 billion, up from $1 billion two years ago, as it looks to scale its electric vehicle manufacturing business in the South Asian market.

Falcon Edge Capital and SoftBank Vision Fund 2 co-led the financing round, the Bangalore-based startup said. TechCrunch reported last month that the startup was in talks to raise at over $2.75 billion.