SoftBank invests $250m in India's Ola Electric
SoftBank has invested $250 million in Ola Electric, an electric vehicle (EV) company that spun out from Indian ride-hailing platform Ola earlier this year. The new investment reportedly brings Ola Electric’s valuation to over $1 billion.
SoftBank’s investment makes the Japanese communications giant Ola Electric’s largest shareholder with a stake of about 22%, according to regulatory filings cited by Indian media outlets. Additional...
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