Indian EV startups find favour with investors, see sharp spike in investments
The number of deals almost doubled YoY to 26 in the Jan-June period.
Indian electric two-wheeler maker EVTRIC Motors in talks to raise first external funding
The company is eyeing sales of 55,000 electric two-wheelers by this year end.
India: Ola Electric chief says e-scooter fire incidents rare but possible in future
The company has recalled more than 1,400 e-scooters.
Ola Electric to recall 1,441 e-scooters in India following complaints of fire
The safety incidents are an early setback to carbon reduction and climate goals.
Temasek-backed Ola Electric faces India probe following e-scooter fire
Ola Electric produces 1,000 scooters a day, far off a planned initial target of 2m vehicles a year.
Temasek-backed Ola Electric plans to build battery plant in India
Ola currently imports battery cells from South Korea.
India’s Ola Electric raises $200m from Tekne, Edelweiss, others at $5b valuation
In Dec. 2021, the startup had raised $53m led by Temasek.
India: Ola Electric raises $53m led by Temasek, valued at $2.7b
Ola Electric raised over $200 million in a round in October at a valuation of $3 billion.
Fundraising by Indian startups falls 27% to $3.4b in September
In terms of volume, however, there was a 26% jump last month from that of August.
India’s Ola Electric raises $200m round led by Falcon Edge, Softbank, others
The funding round took the company's valuation to $3 billion.
