Temasek Leads $140m Funding In Ola Electric At A Valuation Of $5.4b
Singapore’s investment firm Temasek led a $140 million funding round in India’s Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering. The…
EV Startup Ather Energy Bags INR 550 Cr Funding From Hero MotoCorp
Bengaluru-based EV startup Ather Energy is raising INR 550 Cr from existing investor Hero MotoCorp. Hero MotoCorp, in an exchange filing, said it would invest up to INR 550 Cr in Ather via its rights issue by subscribing to the…
Faad Network Leads $500K Funding For BluWheelz, EV Fleet Startup
BluWheelz, an electric vehicle (EV) fleet-as-a-service startup, has successfully raised a substantial seed investment of $500,000. The funding round was led by Faad Network, a well-known early-stage fund in India. Notable participants in this round include LetsVenture, along with a…
The SNB Capital EV Batteries Fund Succssfully Acquired A Stake In “SK ON” Amounted At USD 100mln
SNB Capital announces its successful acquisition of a stake in the Korean batteries manufacturer “SK ON” worth USD 100 million through its “SNB Capital EV Batteries” fund; a closed-end sharia compliant fund. SK ON is considered one of the largest…
Oben Electric Gets Rs 40 Crore Funding In Pre-Series A Round
Bengaluru-based electric vehicle start-up Oben Electric has raised Rs 40 crore in an extended pre-series A round, bringing their total Pre-Series A fundraise to Rs 72 crore (equity & debt). With this, it has raised Rs 88 crore since its…
The Rocky Road To EV Financing
Tata Motors’ decision was taken despite the fact that the company had bagged 66 percent of the business in the first phase of the tender in 2022, where the company was supposed to deliver and operate about 3,600 electric buses…
Chinese NEV Startup Letin Closes ‘Series A’ Funding
Chinese new energy vehicle startup Letin announced on Monday the completion of its Series A financing, which raised for the company a total of 3.2 billion yuan ($446.896 million). According to the company’s press release, the fresh round was led…
Biden Administration Has Announced $5 Billion In Funding For Electric Vehicles
The U.S. Departments of Transportation and Energy announced nearly $5 billion that will be made available under the new National Electric Vehicle Infrastructure Formula Program established by the Bipartisan Infrastructure Law, to build out a national electric vehicle charging network,…
SoftBank Group-Backed Ola Electric Raises Over $200 Million
A unit of SoftBank Group-backed Indian ride-hailing company Ola has raised more than $200 million, led by venture capital firm Falcon Edge, at a valuation of $3 billion, the company said in a statement. The company’s Ola Electric unit aims…
Hero Electric Raises ₹2.2 Billion In Series B Funding
Electric scooter manufacturer Hero Electric has announced that it has raised ₹2.2 billion as the first part of its Series B funding. Gulf Islamic Investments (GII) and Hero Electric’s existing investor OAKS Asset Management (OAKS) led the funding round. The…
