Ola Electric raises $200 million at $5 billion valuation

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Mobility Energy and Transportation

Ola electric raises $200 million at $5 billion valuation

24 Jan 2022

1 min read

Ola Electric, which operates in the premium high-speed scooter space, has played its strategy right in terms of building its R&D, manufacturing capabilities, infrastructure suite as well as sales and after sales services, says Suman Jagdev, Partner, Automotive, at Praxis Global Alliance.

“When it comes to R&D, Ola’s product has positive attributes. Ola’s scooters are ones with the highest range on a single charge,” says Jagdev. Besides, the company has also been able to put in place a rich bouquet of product features like seamless app connectivity, touch screen dashboard, voice control command and navigation.

Click here to read the full article on Fortune India

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Ola Electric raises $200 million at $5 billion valuation | PraxisGA