Ola Electric raises $250 million from SoftBank, joins the unicorn club

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Mobility Energy and Transportation

Ola electric raises $250 million from softbank, joins the unicorn club

03 Jul 2019

1 min read

Aryaman Tandon, director at management consulting firm Praxis Global Alliance, said EVs hold a promising opportunity in India. He said any market with a high density of population, low average road transportation speeds, and availability of affordable electricity, represents a fundamentally attractive market for EVs.

“India, as a market, is characteristic of all these underlying macro drivers and has also rapidly improved the electricity supply infrastructure in the last decade,” said Tandon.

Featured Leader: Aryaman Tandon

This article was originally published on Business Standard. Read more.

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Ola Electric raises $250 million from SoftBank, joins the unicorn club | PraxisGA